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63% of his Tesla stock pledged as collateral. Holy shit, he’s more leveraged than I ever imagined. Assuming it’s 2:1 leverage and his shares are worth $250bn.
by sgjohnson 3y ago
63% of his Tesla stock pledged as collateral.
Holy shit, he’s more leveraged than I ever imagined.
Assuming it’s 2:1 leverage and his shares are worth $250bn... What the fuck has he spent >$80bn on?
- neximo64 3y agoThere'll be a margin of safety embedded, so even if it was 2:1 leverage they wouldnt give $80bn on the amount, it would be a small fraction of it, if it was 50% (which is very high) that would be $40bn
- resolutebat 3y agoSpaceX, mostly.
- Zigurd 3y agoHis position and collateral in margin loans on Tesla shares, unless we know the precise numbers and dates of those loans, is going to be pretty hard to sort out. Plus those things could effectively have been refinanced. Let's say he took out a margin loan on TSLA at 400, and was facing a margin call. He could pledge more shares. So the whole thing is very opaque.