Musk has borrowed against Tesla shares continually, and for a long time. He also sold Tesla shares. But some numbers are hard to reconcile. The proxy statement,

Musk has borrowed against Tesla shares continually, and for a long time. He also sold Tesla shares. But some numbers are hard to reconcile. The proxy statement, about which I've posted and the post got insta-flagged by the elonbrigade, puts a cap of 25% of share value on director and senior management margin debt. With a 70%+ decline in share value, and a large percentage (Forbes reported over 90%) shares pledged, regardless of the terms Elon's margin creditors give him, I do not see how he is in compliance with Tesla's board's policy. Elon's brother had 75% of his shares pledged that are now worth 70% less, too. That don't math.