The US firm faced a difficult year with unease over chief executive Elon Musk’s political activities and stiff overseas competition.

  • NotMyOldRedditName@lemmy.world
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    3 days ago

    That’s not how it works…

    They create new shares which dilutes everyone. The shareholders are paying Elon.

    To get a trillion dollars they’d need to sell 68% of the company to someone else today, or over 10% of the company at the planned end goal of the compensation plan.

    Giving that % of the company to someone else would have a real impact on how the company is run, and who even has that much money to buy into Tesla other than other bad large companies / private equity.

    Edit: also, they’re flush with cash as it is already. They’ve claimed for years they can’t spend it any faster without being wasteful. They got somethings like 45b in the bank.