Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $454 million judgment against him in a New York civil fraud case without posting the full amount himself, his lawyers said on Monday.
Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $454 million judgment against him in a New York civil fraud case without posting the full amount himself, his lawyers said on Monday.
I don’t think Elon has that much liquid. He’d have to sell off a lot of shares of one of his companies, and that would probably disaffect the stock. I wouldn’t put it past him to do that though.
if Elon sells stock, so his influence on the company via votes significantly decreases, the stock will go up, because having a manchild in charge is a deterrent to investors.
Ha! I didn’t think of that.
If Elon had an actual liquidity crisis where he had to bring a meaningful fraction of his assets to bear in terms of real monetary value, he’d probably lose control of his publicly traded companies.
He wouldn’t have to sell shit. I’m sure he can easily get a half billion on a margin loan.