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I'm not saying he'll do this, but theoretically he could just pay them out of pocket. The banks only hold around $13B in Twitter debt and Musk owns ~$170B of te
by skizm 3y ago
I'm not saying he'll do this, but theoretically he could just pay them out of pocket. The banks only hold around $13B in Twitter debt and Musk owns ~$170B of tesla stock with around 42% of that available for him to access immediately (the other 58% is pledged to secure personal loans).
- slg 3y agoExactly. It will get gradually more expensive, but I don't buy the idea that one of the richest people on the planet will be unable to find anyone to lend him money. That is especially true for Musk who has shown a willingness to deal with anyone with money including people that have questionable ethics and morals.
- cco 3y ago> I'm not saying he'll do this, but theoretically he could just pay them out of pocket. To be honest, I've never understood why we allow the purchased company to buy itself. It makes no logical sense and I've never heard a good argument as to why this is beneficial to our economy in general.
- hindsightbias 3y agoHe could just short Tesla stock and go on an unhinged nonstop rampage for a week or two and collect $13B. Then go quiet again and let the stock recover. And he’d probably get away with it.