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> use TSLA as a way to personally finance a lavish lifestyle The others I get but this seems like an odd personal attack. What CEO of a huge public company doe
by SmellyGeekBoy 8y ago
> use TSLA as a way to personally finance a lavish lifestyle
The others I get but this seems like an odd personal attack. What CEO of a huge public company doesn't live a "lavish lifestyle"? Or is this just supposed to make us hate him more because he's rich and we're not?
- matwood 8y agoPerhaps it was harsh, and I can't find the article right now outlining the multiple mansions, etc... Outside of that, I don't care how rich someone is, but the problem is that he's using TSLA stock as collateral for large personal loans. This puts enormous pressure on him to maintain a stock price above $X at all costs. Assuming he has used all of the other money borrowed to fund his other companies, if TSLA goes down could it take down all of his companies? That I'm unsure about. https://www.forbes.com/sites/jimcollins/2018/05/18/musk-has-heavily-leveraged-his-holdings-of-tesla-while-teslas-financial-leverage-has-jumped/#5ed4c4d97099 https://www.forbes.com/sites/jimcollins/2018/05/18/musk-has-...