Matt Levine’s Money Stuff: Elon Musk Did Some Tweets

Should Elon Musk sell $20 billion worth of Tesla stock or what?

Let him know what you think! Actually it’s too late. He took a poll over the weekend, on Twitter, and the winning answer was “Yes.” The poll was legally binding?

Discussion questions!

1. Is it consistent with Musk’s fiduciary duties as chief executive officer and controlling shareholder of Tesla Inc. to sell or not sell $20.8 billion worth of stock — 1.7% of the company — based on the results of a Twitter poll? In answering this question, keep in mind that Tesla has a $1.2 trillion market capitalization ...