Elon Musk Owed Shares for Less Than 50 Dollars a Share

On march fourteenth, his stake blue by five %. The sec wants you to publicly disclose within ten days that you are a five% owner. They don't want one creeping takeovers. Masey's shareholders never got a takeover premium. So when elon was acquiring additional shares after march 20 fourth, at an average of 35 to 38 bucks a share, the people who were selling their shares to him didn't know that the company had been put in play by the wealthiest man in the world. And as a result, they sold ther shares to him for 39 bucks a share instead of 50 dollars a share where the stock traded once the market knew the world's wealthiest man was taking