72
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 01 Feb 2024
72 points (93.9% liked)
No Stupid Questions
35701 readers
3357 users here now
No such thing. Ask away!
!nostupidquestions is a community dedicated to being helpful and answering each others' questions on various topics.
The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:
Rules (interactive)
Rule 1- All posts must be legitimate questions. All post titles must include a question.
All posts must be legitimate questions, and all post titles must include a question. Questions that are joke or trolling questions, memes, song lyrics as title, etc. are not allowed here. See Rule 6 for all exceptions.
Rule 2- Your question subject cannot be illegal or NSFW material.
Your question subject cannot be illegal or NSFW material. You will be warned first, banned second.
Rule 3- Do not seek mental, medical and professional help here.
Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.
Rule 4- No self promotion or upvote-farming of any kind.
That's it.
Rule 5- No baiting or sealioning or promoting an agenda.
Questions which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.
Rule 6- Regarding META posts and joke questions.
Provided it is about the community itself, you may post non-question posts using the [META] tag on your post title.
On fridays, you are allowed to post meme and troll questions, on the condition that it's in text format only, and conforms with our other rules. These posts MUST include the [NSQ Friday] tag in their title.
If you post a serious question on friday and are looking only for legitimate answers, then please include the [Serious] tag on your post. Irrelevant replies will then be removed by moderators.
Rule 7- You can't intentionally annoy, mock, or harass other members.
If you intentionally annoy, mock, harass, or discriminate against any individual member, you will be removed.
Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.
Rule 8- All comments should try to stay relevant to their parent content.
Rule 9- Reposts from other platforms are not allowed.
Let everyone have their own content.
Rule 10- Majority of bots aren't allowed to participate here.
Credits
Our breathtaking icon was bestowed upon us by @Cevilia!
The greatest banner of all time: by @TheOneWithTheHair!
founded 1 year ago
MODERATORS
Thanks. Do you happen to know why he wouldn't have executed the options before this suit? Like you mention they expire - surely he never had any intention of letting them expire though? Was there some benefit to waiting them out?
It's Elon. There are a wealth of possible reasons, ranging from actually reasonable to 'it sounded better in my head'. Elon can be kinda erratic in his judgement sometimes.
One possibility is that he may have been attempting his usual market manipulation shenanigans; he is quite blatant about using his cult of personality for this. Wherever he publicly goes in the market, he is followed by millions of worshipping fanboys. They raise the price, he executes, pretty much instant profit right there.
He could also be thinking the price would plummet below the contract price (or that he could make it do so then raise it again).
Or maybe he didn't like the fact that he'd have to hold them for 5 years before being able to do what he wanted with. Elon is not known to simply abide by trading regulations.
Maybe he wanted a tax write off?
Or he could have simply forgot.
The only real benefit to Elon is that he didn't have to pay out for shares he was no longer interested in buying, even if he did make a bit of a loss with the options.
Thanks for the speculation. It still seems a bit odd, especially considering he's asked the board to give him a 25% stake in the company recently.
I wonder if he did anything like back loans with those options, and if he did, what the consequences would be now that he's not going to have them anymore?