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And his "wealth" shrunk far more than what he had to liquidate and pay twitter for. Because no sane organization will lend out real cash over the same amount o
by Aperocky 4y ago
And his "wealth" shrunk far more than what he had to liquidate and pay twitter for.
Because no sane organization will lend out real cash over the same amount of collateral TSLA stock, and leveraged lending opens TSLA to extremely high risk as value dropping would means Musk will be forced to sell to cover/and or stake more TSLA. This is exactly how FTX failed - they counted their own token as their "asset". Spoiler: it didn't work.
Does this wealth have a high impact on the world? Of course it does. But does it has the same impact as same volume of cash? Absolutely not.