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He doesn't have the money any more...

• judge2020 4y ago
  Even after today's 7% TSLA loss he's worth over 150 billion in Tesla stock alone; Twitter will be a huge chunk of his wealth but it's not more than a third of it. Note that the loans were secured with TSLA stock as collateral, but even if those expire he'd be able to secure funding again if he was forced to proceed with the purchase by the Delaware Court of Chancery.
  • chx 4y ago
    https://thenextweb.com/news/elon-musk-telsa-shares-loan-twitter-deal-analysis https://thenextweb.com/news/elon-musk-telsa-shares-loan-twit... > Musk's equity commitment now stands at $33.5 billion > May 26, 2022 > But in the latest filing, he’s completely removed this loan in the financing plan to acquire the social media company. If he needs to sell thirty billion dollars worth of Tesla shares it is going to devalue the stock quite a bit. That's a full day volume of trading.
    • judge2020 4y ago
      The market won't react harshly given it'd only happen if compelled by court order, and it still would simply be stock transferred to the banks with the banks selling it off over years to recoup their loan amount.