Via StreetInsider, Musk has filed a “Change in Beneficial Ownership” form as of Mar. 2. What does it mean? Ask your broker friend. We have no idea. There’s a little hint here though:
Be sure to click on the images if you want to see them bigger.
“Beneficial Ownership” generally refers to the administrator of a Trust, as far as we understand it, where the Beneficial One will administer, however does not “own”, and administers in the stead of a the beneficiary of the trust. At least that’s what we think.
Wild stab? Musk is pumping some money from one place to another. For whatever reason. Do we think it’s going to have an effect on SolarCity, or even portends some profound development? No. But what do we know.
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