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if this didn’t happen, how much more would TSLA have to drop for the $12B debt to get margin called given it is collateralized by TSLA? IIUC what has happened h
by dustingetz 2y ago
if this didn’t happen, how much more would TSLA have to drop for the $12B debt to get margin called given it is collateralized by TSLA? IIUC what has happened here is the debt has been repaid by selling xAI equity? Wasn’t xAI constructed in the first place to poof some magic money from thin air to give to unhappy Twitter investors and keep them happy?
- kccqzy 2y agoYou can take a look at the price of TSLA during the acquisition of Twitter as a reference.
- LPisGood 2y agoIt has dropped pretty low (relatively) at some points since the purchase - probably a fair bit under $100 to trigger any margin call.
- IAmGraydon 2y agoThe loan is not collateralized with TSLA stock. He used Twitter’s assets to collateralize it.