Yeah, this fucks him personally, as so much of his wealth is tied up in Tesla shares. Tanking Tesla directly tanks Elons wealth.
He cannot sell large tracts of shares without further depressing share price and his usual trick of promising random bullshit like self driving taxis or cars that deliver themselves does not work anymore to boost share price before he sells some off.
Yeah, this fucks him personally, as so much of his wealth is tied up in Tesla shares. Tanking Tesla directly tanks Elons wealth.
He cannot sell large tracts of shares without further depressing share price and his usual trick of promising random bullshit like self driving taxis or cars that deliver themselves does not work anymore to boost share price before he sells some off.