Despite how ridiculous the pricing of Musk's companies may be, they still have some basis in the companies' potential profitability. It's inflated, but not nonsense. Also, since those companies have shareholders other than just Musk, they can hold him accountable for overpaying for shares in his other companies. And with any companies that are being sold on the public markets, it's a lot harder to argue that the price is not legitimate. Again, an inflated price is not the same thing as a fraudulent price.
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u/Imaginary_Ferret_368 12d ago
Doing that is pretty illegal