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The funding already includes a $12.5 billion loan against his tesla shares. He is limited by tesla by laws and banker risk aversion to how much loans he can tak
by colinmhayes 5y ago
The funding already includes a $12.5 billion loan against his tesla shares. He is limited by tesla by laws and banker risk aversion to how much loans he can take out against his shares. I would speculate that the $21 billion in his equity is there because he couldn't get more loans.
- snowwrestler 5y agoAnd I believe he has already pledged other Tesla shares to secure previous loans.