He took loans against his tesla stock to buy Twitter. If the value of that stock gets low, The banks or whoever will ask for their money. They could also sell the stock to try and recuperate some of the money and that will cause tesla to drop. Which will cause investors to sell and it’s a spiral until hopefully he’s broke. Thata why hes crying about the protests, telling his workers not to sell their stock, and having trump and his propagandists say support the asshole buy a truck!
How is this affected by him selling X to his AI company? I know banks don’t like letting you off the hook, but I also know banks do things differently for rich people. I figured that was the reason he did it in the first place.
according to Reuters , he sold it for 33 billion with 12 billion in debt. So 45 billion total, which is conveniently 1 billion more than what he paid originally. It also says that the banks that lent him 13 billion were finally able to sell. I wonder if the Saudis bought it.
He took loans against his tesla stock to buy Twitter. If the value of that stock gets low, The banks or whoever will ask for their money. They could also sell the stock to try and recuperate some of the money and that will cause tesla to drop. Which will cause investors to sell and it’s a spiral until hopefully he’s broke. Thata why hes crying about the protests, telling his workers not to sell their stock, and having trump and his propagandists say support the asshole buy a truck!
How is this affected by him selling X to his AI company? I know banks don’t like letting you off the hook, but I also know banks do things differently for rich people. I figured that was the reason he did it in the first place.
according to Reuters , he sold it for 33 billion with 12 billion in debt. So 45 billion total, which is conveniently 1 billion more than what he paid originally. It also says that the banks that lent him 13 billion were finally able to sell. I wonder if the Saudis bought it.
This is something I was curious about. I figured there was some kind of financial trickery happening with that deal.
His net worth is more in space x than Tesla