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Can they force all the banks that agreed to loan them money to go through with it?
by drexlspivey 4y ago
Can they force all the banks that agreed to loan them money to go through with it?
- HWR_14 4y agoAs long as Musk has ~40 billion of Tesla stock and can get ~20 billion additional dollars in cash (can get, not just has already), yes.
- Ensorceled 4y agoThey can force Musk to sell his other assets to complete the deal.
- ljlolel 4y agoThey can force his banks to sell enough Tsla shares to buy it
- colinmhayes 4y agoThe banks also signed contracts stating they’d loan the money using Tesla shares and Twitter equity as collateral. They can’t get out of that contract just because musk wants them too.
- ryanbrunner 4y agoHow Musk gets the money in order to fulfill a contract he's entered into is immaterial unless he goes completely insolvent and still can't fulfill it, which will not be the case.