136
Elon Musk's luck has finally run out (www.businessinsider.com)
submitted 9 months ago* (last edited 9 months ago) by pelespirit@sh.itjust.works to c/enoughmuskspam@lemmy.world
48 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments
[-] yesman@lemmy.world 9 points 9 months ago

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.

this post was submitted on 12 Dec 2023
136 points (87.8% liked)

Enough Musk Spam

2089 readers
381 users here now

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

No flaming, baiting, etc. This community is intended for those opposed to the influx of Elon Musk-related advertising online. Coming here to defend Musk or his companies will not get you banned, but it likely will result in downvotes. Please use the reporting feature if you see a rule violation.

Opinions from all sides of the political spectrum are welcome here. However, we kindly ask that off-topic political discussion be kept to a minimum, so as to focus on the goal of this sub. This community is minimally moderated, so discussion and the power of upvotes/downvotes are allowed, provided lemmy.world rules are not broken.

Post links to instances of obvious Elon Musk fanboy brigading in default subreddits, lemmy/kbin communities/instances, astroturfing from Tesla/SpaceX/etc., or any articles critical of Musk, his ideas, unrealistic promises and timelines, or the working conditions at his companies.

Tesla-specific discussion can be posted here as well as our sister community /c/RealTesla.

founded 1 year ago
MODERATORS
jordanpeterson@lemmy.world
an0nym0us@lemmy.dbzer0.com