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Some of the loans are backed by Tesla stock and have triggers to require Musk to turn over the collateral if its (TSLA) value drops below a certain number. I re
by mixdup 4y ago
Some of the loans are backed by Tesla stock and have triggers to require Musk to turn over the collateral if its (TSLA) value drops below a certain number. I recall seeing that number being $100/share
- IntelMiner 4y agoBottomed out at $109 a share but the dead cat has bounced
- snake_doc 4y agoWhile the margin loans were originally part of the commitment letter in April 2022, Musk later decided against them and sold more Tesla stock instead to fund the deal with cash. None of the Twitter debt is backed by Tesla stock. https://www.bloomberg.com/opinion/articles/2022-05-26/elon-called-off-his-margin-loan https://www.bloomberg.com/opinion/articles/2022-05-26/elon-c...