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Tesla is not the lender, Musk's broker is. Therefore Tesla has zero input into margin rate broker decides to give Musk.
by kjksf 5y ago
Tesla is not the lender, Musk's broker is.
Therefore Tesla has zero input into margin rate broker decides to give Musk.
- colinmhayes 5y agoNo, Musk has an agreement with tesla that he can only borrow against a quarter of his shares. He's already borrowed against quite a few too. Musk could go to the board to get that number bumped up, but until then he can't just borrow the full $21 billion against his shares.