He has got first permit to make 11 miles loop !
PayPal IPO at $850M
eBay acquired PayPal for $1.5B
eBay spinoff PayPal for
Today market cap of eBay = $31B, PayPal $91B and NW of Elon = $20B
I own both PYPL and TSLA,both are buy and hold, thought of buying EBAY, but switched to AMZN and GOOGL.
Even though PayPal is worth $90B, most of that wealth belong to eBay shareholders. Elon’s stock would not be worth $20B if he had held on to them. He would probably have had $2B instead, even though he was by far the biggest PayPal shareholder pre-merge.
Wow. I didn’t realize they pay for the systems and own them. Has no one there looked at the financials for public transit systems? Fares typically cover less than 50% if the operating costs and 0% if the capital investment. The rest is subsidized by tax payers. How on earth will this work without tax payer subsidy?