Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[DarkandStormy]

From the 2024 TSLA Proxy - Elon is capped from borrowing against his shares the lesser of $3.5B or 25% of the value of his pledged shares. P152, f1 shows that as of 3/31/24, Elon has pledged 238,441,261 shares as collateral for his indebtedness. TSLA's stock price around that time was $175.79, making the pledged collateral worth approximately $41.9B and 25% of that valued at approximately $10.5B. Since Elon is capped at $3.5B, why does he have $41.9B pledged?

BOD is MIA.

 

[elasalle]

where the nuns @ ?

 

[aubreymcfato]

Maybe the Boomers want the money now because the Gen Z and Millenials are going to waste it on Avocado Toast where as the multi-time homeowners, i.e. the Boomers, can help funnel money to builders for sustainable products and housing en masse ... as well as ... towards space-faring products/services.

The Boomers aren't on social media either btw, they just move money around to make a better society for their children and grandchildren...if they can have or have had them.

Boomers bought homes for the same sum it cost now to eat a couple of avocado toasts, cry me a river.

 

[EVMeister]

@DarkandStormy

Are you John Chevedden, presenter of proposal 7?

 

[MartinAustin]

I didn't realise you can't insure against magnetic fields

 

[Kenypowa]

The shorts couldn't defeat us in the ballot box, but they sure have the last laugh by boring us to death.

 

[cliff harris]

I wonder if we should all buy 1 share in VW, Toyota, GM, Ford, and bombard them with shareholder vote proposals on taking EVs seriously? At least it would be legitimate criticism then, rather than 'I have my pet political rant and I will shoehorn it into Tesla's meeting every year until I die'.

 

[Tachyon]

My head hurts listening to all the shareholder proposals

 

[GhostSkater]

Is it me or this year shareholder proposals are the most hilarious ever? Some are tinfoil hat worth

 

[Cosmacelf]

I did realise you can't insure against magnetic fields

Oh yes. Don’t forget to buy your robot insurance.

 

[cliff harris]

"Isn't this thing that Tesla are not doing a terrible thing? We should make sure they do not do this thing they are not doing!"

 

[Tony73]

On a serious note - Delaware will see a mass exodus of companies based on what they had done to Tesla and Tesla exiting to TX.

Sugar Delaware.

If there was going to be a mass exodus, wouldn’t it have started already ? Most companies require a shareholder vote to redomicile. Don’t see too many boards preemptively calling for a vote because Elon Musk didn’t get his $56 billion

 

[Paul_SF]

Is it me or this year shareholder proposals are the most hilarious ever? Some are tinfoil hat worth

I don't know man, it shows you can be way early investor in a company and make unthinkable gains and still be completely disconnected from reality.

 

[Tony73]

But to the bares, 1/4T is prime meat in Social Media.

Fun fact: Bill Gates held 40% of Microsoft at IPO. During the decade of stagnation he divested his Microsoft shares and holds less than 2% today.
Without divestment, he’d be worth around $1T

 

[AndrewZ]

Director terms reduced to 1 year and simple majority voting both won against the Board’s recommendations?

 

[Cosmacelf]

Director terms reduced to 1 year and simple majority voting both won against the Board’s recommendations?

Yeah that’s what I heard. What does simple majority voting mean?

 

[uscbucsfan]

Yeah that’s what I heard. What does simple majority voting mean?

51%

 

[InTheShadows]

Yeah that’s what I heard. What does simple majority voting mean?

>50%

 

[uscbucsfan]

>50%

More accurate than 51%, lol.

 

[AndrewZ]

I can’t tell if Elon is talking about the cars actually operating autonomously or AirBNBing is adding your car to the fleet and someone comes by to use your car while you’re out of town