Tesla Motors shares have surged more than 40 percent since December as Bloomberg notes in a new report. The price of Tesla stock isn’t the only thing looking dandy for Elon Musk under the Trump presidency.
While regular General Motors shareholders get to ride the wave below the IPO price, the swells holding the preferred mandatory convertible shares get dividends totaling $59.4 million.
GM shares dropped to their lowest point in 40 years yesterday, closing at $11.43 when the bell rang. To put things in perspective, if you bought a new-for-1968 Camaro instead of, say, 245 shares of GM stock (about the same price at the time), the car would have been a significantly better investment. Yeah, we're…