Today a Judge ruled that Musk was unfairly compensated, striking out what amounts to 51 Billion of Musk’s unrealized wealth, and -7.6% of his ownership stake of Tesla.
Don’t cry yet for one of the world’s richest men whose net worth will be somewhere between 155-170B after this, still likely good enough to be among the top five wealthiest.
Soon he will have to decide whether to bankrupt X or sell off another large tranche of stock in order to make interest payments to the Saudis and other investors. Given today’s win for investors, it’s far more likely Musk will bankrupt stiffing vendors, landlords and many who have cases against the company pending.