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From 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
by dx87 8y ago
From 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.