Another fun thing that’s happening is that when they *do* have to sell shares, they get their companies to change the votes attributed to the shares they keep. Then they can maintain control. This insider dealing used to be sus under Delaware law until Elon et al got the DE legislature to change it
“Billionaires who popularized stock-based lending include Larry Ellison and Elon Musk. Both borrow to avoid having to sell shares—which could trigger a taxes and dilute their voting rights—in companies they founded.” www.wsj.com/finance/the-...