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You do realize he didn’t have hundreds of billions laying around, right? He had to take out loans to raise the cash. He used his best asset (Tesla stock) as col
by janalsncm 3y ago
You do realize he didn’t have hundreds of billions laying around, right? He had to take out loans to raise the cash. He used his best asset (Tesla stock) as collateral as well as promises of future Twitter profits.
Having stocks as a part of your valuation means it’s not easy to spend a lot quickly. It would be like if you had $100 but spending $20 means you only have $65 left.
- permo-w 3y agonone of this is relevant. so what he has to take 2 extra steps to access the wealth? it's still there, and it's not like he has to sit down and do it himself