4 ms·
As far as I heard, he is already heavily leveraged against his stock in multiple loans that total into the billions. And his side of that deal just lost quite a
by Slartie 8y ago
As far as I heard, he is already heavily leveraged against his stock in multiple loans that total into the billions. And his side of that deal just lost quite a bit of substance due to TSLA shares losing value, with a lot more of largely empty space (= high premium assigned to the stock price by investors due to perceived potential) to possibly fall until the bottom comes.
- sjwright 8y agoCitation?
- jhall1468 8y agoThat story tries to sell a darker picture than it really is. 40% of his stock is leveraged, which still only amounts to about $4B (less than that) of his $20B net worth. Larry Ellison has a $11B line of credit leveraged against 30% of his Oracle shares. This is a non-story.