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I imagine he staked quite a bit of Tesla stock as collateral for the many billions in loans still owed for the Twitter purchase. If the stock value declines too
by rchaud 3y ago
I imagine he staked quite a bit of Tesla stock as collateral for the many billions in loans still owed for the Twitter purchase. If the stock value declines too much (down 35% this year), his creditors will want a higher interest rate to reflect the higher risk of default.