That’s what a straw purchase is in this context. Musk owns and controls the money, but he has 3rd parties perform the transactions to avoid the scrutiny and reporting. That allows him to cause massive swings in the stock price when he deems it necessary and prevent it from settling back to reality at $20 a share.
That’s what a straw purchase is in this context. Musk owns and controls the money, but he has 3rd parties perform the transactions to avoid the scrutiny and reporting. That allows him to cause massive swings in the stock price when he deems it necessary and prevent it from settling back to reality at $20 a share.
Ah ok. I was not aware of this terminology.