Musk proposes 10% stake increment at $550B valuation
- From:
- Elon Musk
- Date:
- November 9, 2017
- To:
- Todd Maron
Partial text. Only these passages were published; [...] marks a gap.
[I'd] like to take board action as soon as possible if they feel comfortable and then it would go to shareholders.
[...]
I think the amount should be reduced to a 10% increment in my Tesla ownership if I can get us to a $550B valuation, but that should be a fully diluted 10%, factoring in that it dilutes me too.