Anthony Hughes
speaker
31 appearances
1 recordings
1 series
first heard May 2026
last heard 22 May
Anthony Hughes’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.
Appearances
This will be what they call a dual class share structure.
So basically, that means the public will be buying class A shares, which will be one share and one vote.
Whereas Mr. Musk owns really all of the Class B shares, which have 10 votes for every one share.
So the net result of that is that he will not necessarily own more than half the company, something like around, at the moment he owns something like around 40% of the shares outstanding, but his level of voting power is essentially around 85% at the moment.
So even when
the company goes out and sells what was going to be only 4% of the company in this IPO.
He's still going to maintain a very tight grip on the voting power of the company.
So what that means is that the decisions that are made are going to be made by Elon Musk.
And if shareholders don't really like them, they're not really going to have a
a lot of say in sort of being able to push back against that.
But, you know, obviously, Elon Musk has made a lot of money for people over a long period of time, and obviously a lot of the investors here are going to have a lot of them just have a high degree of faith in his ability to make good on his ambitious vision here.
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