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This article claims that, prior recent declines in the price of $TSLA, Elon had already pledged 92% of his stake in Tesla. How does this work? Are Elon's margi
by Zigurd 4y ago
This article claims that, prior recent declines in the price of $TSLA, Elon had already pledged 92% of his stake in Tesla.
How does this work? Are Elon's margin requirements being met? Is he getting a sweetheart deal on margin requirements? Have the terms been renegotiated?
- ksherlock 4y agoOver the past year, Elon Musk has sold $40 billion in $TSLA. Some of that goes to to the taxman, some to his self-directed "charity", but even if he only keeps half that, 50% of $40 billion is better than the 20% ($12.5 billion loan from $62.5 billion in shares). Tesla -- in theory -- also has limits on how much he can put up for margin but Morgan Stanley cutting him off is more likely than the Tesla BoD cutting him off.