He kinda doesn’t, all his money is loans backed by the value of stocks he owns. Idk the details of how financing works are that scale, but potentially a lot of Tesla’s day-to-day financing probably operates on low interest loans backed by the value of its own stocks, which could create a bad feedback loop if it drops by a certain percent. I imagine there’s gotta be an insurance system for execs of high cap companies so the company doesn’t vanish overnight due to insane fiscal setups like that.
Does he actually drive a Tesla? Would be really funny if he can’t because Tesla’s executive life insurance policy doesn’t allow him to or anything.
He doesn't need insurance. He's got pay out of pocket money
He kinda doesn’t, all his money is loans backed by the value of stocks he owns. Idk the details of how financing works are that scale, but potentially a lot of Tesla’s day-to-day financing probably operates on low interest loans backed by the value of its own stocks, which could create a bad feedback loop if it drops by a certain percent. I imagine there’s gotta be an insurance system for execs of high cap companies so the company doesn’t vanish overnight due to insane fiscal setups like that.