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So businessinsider seems happy because the guy decides to loss/invest into whatever he wants his own money. Ok.
by okokwhatever 3y ago
So businessinsider seems happy because the guy decides to loss/invest into whatever he wants his own money. Ok.
- sgjohnson 3y agoThere are a lot of people that have lent him money that would like to be paid back, which would be impossible if Elon fucks everything up. 63% of his Tesla shares are pledged as a collateral. Do the math. So no, not his own money. His creditors’ money. He doesn’t have any money. He only has Tesla stock. The party is over. The credit card is maxed out. The interest rates are rising. Someone will have to pick up the tab.
- Zigurd 3y agoThe LBO lenders who thought they were going on a clever little adventure with Twitter must be pretty nervous. They can't sel the loans, and taking possession of Twitter is unattractive. And they can't get rid of Elon until the crisis is so deep that they might as well walk away from the loans.