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In what way would that be catastrophic for the company?
by quirkot 8y ago
In what way would that be catastrophic for the company?
- deelowe 8y agoIf the stock falls below a certain price, they have to pay down debt. This is a requirement when you use stock as collateral.
- dx87 8y agoFrom what I understand, and I'm sure I'm using the wrong terminology, they got loans to run the company using Tesla stock, and if the value dips below a certain amount, the loan terms say they need to be repaid with cash instead of stock.