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[–] viperguy [S] 0 points 0 points (+0|-0) ago  (edited ago)

No, his is already safe being a delaware corporation.

He wants to take it private because he borrowed 50% againt his 20% ownership of TELSA, and that collateral is gravely endangered in a forced stock liquidation in a graduated one day market crash if his stock drops to 50% of the level he took the loan out using his own stock as collateral.

IN ENGLISH : If for whatever reason 'TSLA' stock goes down far enough and Elon cannot cover his massive loans on his own shares, a huge amount of his stock is sold creating a VICIOUS CIRCLE. If he can pop up or manipulate the stock momentariliy higher, and sell some off, he can use THAT CASH to protect his remaining shares.