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When you have to sell the product, but your boss/owner is so inept that he is causing losses to his own company
(lemmy.world)
this post was submitted on 05 Mar 2025
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When does it affect the Twitter loans?
That's would be interesting to know. He bought Twitter on October 27th 2022 when TSLA was around 225 (having fallen from above 330 when he first announced he was going to buy), and it's now at 272, so he's got about 17% left before it drops to the same value. Presumably the loan was for less than the full value of his TSLA holding, so he's still got some margin left, but I can easily believe the banks will be wanting extra collateral pretty soon considering it's down 30% in the last month alone.
He'll put the USA up as collateral. That'll give him an extra dollar or two
He is in a good position to cause hyper-inflation in the US in case he needs a few extra quintillion dollars.