Peter Thiel Reported To Me, Says Elon Musk, Calls PayPal Exit 'Palace Coup' Fueled By Board: 'There Was Nothing Anyone Could…' - PayPal Holdings (NASDAQ:PYPL)
Benzinga·2025-12-19 10:32

Group 1: Tesla Inc. Developments - Tesla has achieved a market capitalization exceeding $1.58 trillion, making it the most valuable automaker globally, surpassing the combined market cap of competitors like Toyota, BYD, Ford, and General Motors [3] - Despite the high valuation, Tesla's sales have declined by 23% in the U.S. during November, reflecting a broader decrease in electric vehicle demand, although the company maintains a 56% market share in the U.S. EV sector [4] Group 2: Elon Musk and PayPal - Elon Musk described his departure from PayPal as a "palace coup" orchestrated by a majority of the executive team and board members, citing concerns over his risky decision-making [2] - Musk asserted that he was the largest shareholder in PayPal and that there was nothing that could have been done to take his shares away from him [2] Group 3: SpaceX IPO Plans - SpaceX is planning a public listing next year, targeting a valuation of $1.5 trillion, with analysts suggesting that the timing is favorable for such an IPO [5]