what he's saying is mostly true but the point he's making is meaningless. musk keeps his shares because he wants to own the company: duh. the whole point of being a capitalist is to own the means of production, not be able to buy 1000 Lamborghinis. owning a company is worth more than having cash on hand. the more allegedly valuable a company is the more you'd rather own of it. because, again allegedly, the "value" of the company is the predicted profit it will return. this is obvious - and precisely why the stock price would go down if he tried to sell his shares.
his point might be that since his companies are overvalued, his net worth is overvalued. but who cares about his net worth - we want to abolish the concept of a private citizen owning a company. and in doing so abolish money, which is clearly all made up if you believe billions of dollars are just being wasted on a company that will flop.
what he's saying is mostly true but the point he's making is meaningless. musk keeps his shares because he wants to own the company: duh. the whole point of being a capitalist is to own the means of production, not be able to buy 1000 Lamborghinis. owning a company is worth more than having cash on hand. the more allegedly valuable a company is the more you'd rather own of it. because, again allegedly, the "value" of the company is the predicted profit it will return. this is obvious - and precisely why the stock price would go down if he tried to sell his shares.
his point might be that since his companies are overvalued, his net worth is overvalued. but who cares about his net worth - we want to abolish the concept of a private citizen owning a company. and in doing so abolish money, which is clearly all made up if you believe billions of dollars are just being wasted on a company that will flop.