Musk asking for more shares

HoldEmBags : Exactly

b34r : Unlikely to give him the shares outright. Probably stock options, like before, conditional on meeting some performance milestones.

i short the sheriff : This is a matter of accounting. As a rule of thumb, no particular shareholder can benefit from thin air on the expense of other shareholders. So most likely it will be executed from right issue process. EM should pay for the additional shares. Other existing shareholders (including retail) should be offered the same percentage increase (and pay). Most likely retail will not subscribe the right issue. Retail percentage holding will be reduced but Book Value per share will be the same. CMIIW.

i short the sheriff : On many cases the share increases because there are fresh cash injected into the company book.

BrightEyes OP i short the sheriff : I think is unlikely in the form of rights because then he has to fork out cash to exercise the rights, which i doubt he will do as he is burning on X already - in fact many think he is asking for Tsla shares to fund X further....But then he will be contradicting himself if he eventually sells the shares as he will not be achieving the 25% voting rights he would like to get.  Is interesting to see how this will turn out....Meanwhile, this will certainly rock the share price....