But Tesla's stock seems vastly inflated. It seems unlikely that Musk could sell it off without causing a crash in valuation. Hence Musk's net worth seems to be only "on paper" to an unusual degree.
Plenty of billionaires have diversified holdings, which they could liquidate without major problems.
Tesla did just sell five billion dollars worth of stock a month or two ago and that only made their stock price go up. I agree it's stupid but I thought like you that their stock would crash from that, but I was completely wrong.
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u/Thue Jan 08 '21
But Tesla's stock seems vastly inflated. It seems unlikely that Musk could sell it off without causing a crash in valuation. Hence Musk's net worth seems to be only "on paper" to an unusual degree.
Plenty of billionaires have diversified holdings, which they could liquidate without major problems.