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There 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 sha
by sgjohnson 3y ago
There 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.