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Sort of. TSLA is a highly liquid instrument that many people and institutions want to own, FTT was not.
by quickthrowman 4y ago
Sort of. TSLA is a highly liquid instrument that many people and institutions want to own, FTT was not.
- bena 4y agoI'd also add that the money was borrowed from an institution not otherwise connected to or run by Elon Musk and the value of a share of TSLA is set by factors out of his direct control. It's not like he borrowed the money from Space X by giving them TeslaBucks, and claiming that one TeslaBuck was worth $1000 USD. That would be dodgy as shit. And more analogous to what happened between FTX and Alameda.