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Is the twitter deal actually happening? Elon had to get a loan using Tesla stock and if the price of Tesla drops a lot then the whole loan and deal falls apart
by qbasic_forever 4y ago
Is the twitter deal actually happening? Elon had to get a loan using Tesla stock and if the price of Tesla drops a lot then the whole loan and deal falls apart. I don't know if we know the exact stock price number where it happens, but it's seeming pretty dicey with Tesla continuing to drop in value IMHO.
- ksherlock 4y agoAs of last week, there is $7 billion in outside funding -- new money and existing shareholders that will retain their stake. That cuts the amount borrowed on the back of $TSLA in half.