3 ms·
He doesn’t own all the shares. There is a slightly credible theory that he’s tanking the value so the debt value will fall and he can potentially buy it up on t
by matwood 4y ago
He doesn’t own all the shares. There is a slightly credible theory that he’s tanking the value so the debt value will fall and he can potentially buy it up on the cheap. The problem for Elon is that bankers aren’t idiots. If he tries to buy his own debt, they will absolute charge a premium or just push for bankruptcy wiping out the shareholders anyway.