Enough Musk Spam

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For those that have had enough of the Elon Musk worship online.

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Elon Musk's luck has finally run out (www.businessinsider.com)

submitted 10 months ago* (last edited 10 months ago) by pelespirit to c/[email protected]

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This is why using Tesla stock to source cash all the time gets hairy. If Tesla shares fall below a certain level, the banks can call in those personal loans — leaving Musk on the hook. And the quickest way for Tesla's stock to drop off a cliff is for investors to get wind of a big Musk sale. And of course, he needs to make sure that he still holds on to all the Tesla stock he's pledged as collateral to the banks. Unfortunately, though, the easiest way for Musk to fill the gaping hole in Twitter's balance sheet is to sell Tesla shares. You see how this could be a problem.

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[–] [email protected] 9 points 10 months ago (1 children)

I read the article and found the arguments compelling. Tesla has a market cap of 750B and everybody knows that's a fiction. Since Musk's debt is secured with that funny money, a correction could easily cause a death spiral as creditors did a "run" on his debt.

You have to admit, Musk is certainly behaving like a man under tremendous pressure.

[–] mindbleach 2 points 10 months ago (1 children)

Asking why a sensible person would act the way an obvious narcissist is acting is a failure to understand narcissism.

There's no such thing as "4D chess." Sometimes rich people are exactly as dumb as they appear.

[–] Peppycito 2 points 10 months ago

Sometimes rich people are leveraged to the tits and are cash poor.