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this. and the fact that his funding for twitter (which he will be forced to close on settlement or not) is mostly margin funding against his tesla/spacex share
by wstuartcl 4y ago
this. and the fact that his funding for twitter (which he will be forced to close on settlement or not) is mostly margin funding against his tesla/spacex shares the house of cards is on a shaky table. Variations in value on either side can trigger automatic calls/sells. Even in the best of times and without his self sabotage of twitter value the full on profit from twitter does not cover his funding interest per year. This whole thing was a bone headed move from the start -- it puts his entire wealth and controlling interest in jeopardy.