He takes loans against his tesla stock to have money to spend at all. The 12 billion he raised for his share of twitter used Tesla stock as collateral. If im not mistaken, if tesla stock falls another 300 billion, those loans will get called and he will have to liquidate a huge chunk of Tesla stock.
Losing the value of the thing to get money is not a good way to use that thing to get more money to buy more of that thing.
Elon won’t be able to buy more tesla. Somebody may buy more of Tesla to have control over Elon though.
He takes loans against his tesla stock to have money to spend at all. The 12 billion he raised for his share of twitter used Tesla stock as collateral. If im not mistaken, if tesla stock falls another 300 billion, those loans will get called and he will have to liquidate a huge chunk of Tesla stock.
Losing the value of the thing to get money is not a good way to use that thing to get more money to buy more of that thing.
Elon won’t be able to buy more tesla. Somebody may buy more of Tesla to have control over Elon though.
Maybe that’s it. Maybe Elon is just another puppet, doing the bidding of someone else because he’s got himself into a pickle he can’t get out of.