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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 c

by 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.