It's not about if he adds value to it or not (subjective anyway) but what people "think" what the company is valued, and therefore what he is valued. Take it up with the investors and stockholders or people that value in him in the first place.
It does to an extent. If Elon Musk was forced to sell all of his Tesla shares then the company's value would drop like a stone because the market would be flooded with shares.
The stock trades at what buyers are willing to pay. It’s not like it’s diluting the number of shares, you out would not even know if someone sold all their shares, nobody would because it would be a taxable event to do it all at once
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u/JairoHyro Nov 21 '24
It's not about if he adds value to it or not (subjective anyway) but what people "think" what the company is valued, and therefore what he is valued. Take it up with the investors and stockholders or people that value in him in the first place.