would Musk really quit if he doesn't get his hands on those greenbacks?

Hasn't Musk already quite Tesla for Twitter X to spend his wan waking days?

He needs the 46e9 dollars to pay for his twitter's failures. Before you know it, a large X is drawn on all of his dreams and "someone" wakes up from this matrix.

The stupid system of carbon trading created profits.

The share price is maybe x100 inflated due to speculators.

It's not real wealth, nor is Elon Musk's shareholding.

Look at profit from vehicle sales for Tesla vs share price and sales & profits vs share price at other carmakers. Look at ordinary shareholders' dividends.

Tesla boosted by Musk's initial real investment via luck (X finance being bought out with shares, ebay buying the PayPal shares).

Most of Tesla's "boosting" by Musk has been dubious hype. They'd be better off if he loses interest. He's hardly done much to earn 560K never mind 56 Billion. Madness.

...because there is surely the mother of all tantrums heading its way once this news reaches the greedy swine..

Pretty sure that Norway couldn’t care less tbh.

Well, as it's Norway's SWF, this is the entire country's pension fund for when North Sea oil and gas retire.

In that respect, all Norwegian citizens have an interest in the matter. The fund's sake in Tesla is worth about $5bn at the moment, Norway has a population of 5.5m, so each citizen of the country has circa $800 invested in Tesla. This puts the fund's manager's in a bind. If they do vote for it, then they dilute the fund's share of Tesla, and agree one of the most egregious and undeserved pay packages of all time. If they vote against, and that view holds sway, then the gobby, easily distracted manchild will throw a hissy fit, with unknowable consequences. Whilst opinion in these forums is that Tesla would be better off without Elmo, if he goes off in a huff then in the short term there's an excellent chance Tesla market cap drops with a loud thud - and Norway's SWF might find it a challenge to explain how they converted $5bn into say $3bn.

On a side note, Norway recognised early on that the North Sea was one off casino win, and established a sovereign wealth fund now worth around $250k per citizen. Here in Shitain, government of all persuasions (mostly but not only Conservative) simply saw the North Sea as a piggy bank to raid for current expenditure and put none aside. North Sea oil and gas will have no legacy for the people of the UK, like the cheap deals at a certain supermarket, "when it's gone, it's gone". The same people responsible will be knocking on your doors soon to ask for your vote.

When north sea oil was discovered the UK had 14x the population of Norway! Norway could spend a load of the windfall and still have plenty left to put aside for a rainy day. Our income per capita was never enough to build up a sovereign wealth fund.

Oddlegs,

You've forgotten, it's mandatory to always criticise the UK/the UK government on these pages...

My understanding of SWF's is that they are as much about controlling the expenditure of wealth in the home country (and thus preventing extreme inflationary pressures) as 'saving for the future'. So SWF's tend to invest anywhere and everywhere but their home country (Norway's SWF investing in the US company Tesla, for example).

As you note, Norway had/has a much smaller population that the UK (and a smaller overall economy, to match), so their North Sea income couldn't all be spent in Norway without causing massive price rises and basically stuffing their economy, The higher UK population (and larger UK economy) meant that we could/can treat all North Sea income as just another revenue stream, as a proportion of total national income, it's not large enough to actually distort the economy.

according to Farage

Nothing new there then. We went with the begging bowl to the IMF during the Wilson/Callaghan years and when Brown stopped being PM, we were just as skint.

The current shower couldn't manage a piss up in a brewery.

The big question is ...

Will Starmer keep the loony left of his party under control long enough to for him to sign away the £££ and take us back into the EU.

Him stopping all sales of Tesla's in Norway won't make much difference. There are plenty of other EV makes for sale in Norway.

Is he worth it? No. Even if there's some value attached to clueless mugs believing Musk's repeated outlandish claims, it'd be nice if leaders were rewarded for creating a decent product, treating their employees well, and actually caring about their customers.

If we work on the assumption* that Tesla shares are massively overvalued & rapid sale of 20% would likely cause a huge drop in share price..

Musk still holds just under a quarter of Tesla shares, not sure how many are still under "n" year golden handcuffs type agreements, but reasonable to assume he still has hundreds of millions of shares to sell, which could significantly reduce the Tesla share price if he sold them all as quickly as possible & the big shareholders would see their investments plummet (and if they tried to sell, would make things even worse).

Wonder if his petulance is such that he would threaten to do what would essentially be a fire sale unless he gets his billions? .. Though cannot discount the fact he's too arrogant to be aware of how overvalued Tesla is ( thus the sale would not make sense to him or anyone who thought Tesla share prices were actually sensible).

* Not everyone thinks this, but plenty of people do. Need a tulip icon!

Most of the institutional investors can afford to hold their shares through any instability caused by Musk offloading his stake. A bigger problem is that there's no culture of competent corporate management to takeover. The board and senior managers are Elmo's cronies, and wouldn't be able to run a modern corporate entity well, and with Elmo being the centre of Tesla's persona and culture, ripping him out means loss of faith, uncertainty. Problems that currently are uncritically accepted (because Elmo's a genius and will figure it out) will be examined, debated and pressure the new management - important stuff like the shonky quality, the lack of new models to replace ageing lines, the lack of a clear strategy to bring earnings up to the level the stock price requires for fair value, all the legal shit where Elmo has over-promised and underdelivered on self driving, etc etc.

I'd agree Tesla is its own bubble, but it coexists in the context of the similarly over-valued and under-managed FAANG stocks and all the ridiculous Silicon Valley unicorn outfits. Eventually something has to give, like every other bubble, but the markets seem to need a signal. Maybe Elmo flouncing off could be that signal, but I'd have thought something more fundamental is needed.

this:-

Most of the institutional investors can afford to hold their shares through any instability caused by Musk offloading his stake

Change one word as follows.

Most of the institutional investors can afford to hold their shares through any instability caused by Trump offloading his stake

and you get the situation in Trump Media.

Like son like Father

The funny thing is they seem to have voted in favour of the actual bad bit which is move from Delaware to Texas, at which point the little figleaf of corporate oversight will truly dissappear.

that Robyn Denholm's argument is straight out of Atlas Shrugged?

All that tells me is that the Tesla's board is chaired by a terminal asshole. Ayn Rand's followers invariably are.

When your blind spot is empathy...

If Tesla is now making a profit, it's down to the designers, engineers, production staff, salesdrones. Even the cleaners have played a role.

If Musk gets a massive payout, so should everyone else.

Are you nuts? Peons getting payouts? Are you a commie?

I think you are all missing the obvious. All Tesla cars are online and can be reprogrammed. So he gets on X, makes a post that says "If I don't have that 56 Billion in my bank account in 3 hours, I'm going to push this big red button and disable every Tesla in the world 'on the spot'. Middle of the interstate, on the way to the hospital, doesn't matter. If somebody dies it's YOUR fault, not mine. Signed Elon".