Elon Musk And The $420 Buyout Figure?
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12/05/24
<br /> According to Automotive News, Elon Musk’s reason for offering a $420 a share buyout figured is simple … Karma.<br />In an interview with the New York Times, Musk said that he wanted to offer roughly a 20% premium over where the stock had been trading, which was $419. So, he decided to round up to $420.<br />As a number, 420 has long been code for marijuana in counterculture lore, and it seemed better to Musk:<br />It seemed like better karma at $420 than at $419, but I was not on weed, to be clear. <br />
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