It would have to be a straw purchase to avoid issues with mandatory reporting laws since he is a major stock owner. So I’m sure his personal liquid funds are kept far removed.
That’s what a straw purchase is in this context. Musk owns and controls the money, but he has 3rd parties perform the transactions to avoid the scrutiny and reporting. That allows him to cause massive swings in the stock price when he deems it necessary and prevent it from settling back to reality at $20 a share.
deleted by creator
It would have to be a straw purchase to avoid issues with mandatory reporting laws since he is a major stock owner. So I’m sure his personal liquid funds are kept far removed.
Aren’t those illegal? He wouldn’t break the law.
There’s always an option of sock puppet accounts.
That’s what a straw purchase is in this context. Musk owns and controls the money, but he has 3rd parties perform the transactions to avoid the scrutiny and reporting. That allows him to cause massive swings in the stock price when he deems it necessary and prevent it from settling back to reality at $20 a share.
Ah ok. I was not aware of this terminology.