Comment by vkou
16 hours ago
Any serious shareholder with a significant investment in it is surely aware that it's an overvalued meme stock that will continue to print money as long as the reality distortion field is maintained.
They'd be utter idiots if they weren't. (And if they are utter idiots, you shouldn't expect them to behave rationally.)
This is exactly it: they're making a perfectly rational decision keeping Musk on the way he is, because the alternative once he's out is the stock crashes due to the uncertainty and the fanboys bailing.
Why have less money when you actually don't care what happens if you have more money? So long as the stock retains its value, you can do things like borrow against your holdings, leverage that into other investments etc.