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To me it appears to be a way to pay his lenders without liquidating or collateralizing more Tesla stock.
by HappySweeney 2y ago
To me it appears to be a way to pay his lenders without liquidating or collateralizing more Tesla stock.
- blueelephanttea 2y agoSo he can use the funds he raised for xAI to pay out the lenders for the initial Twitter purchase? Otherwise the lenders are just getting xAI stock (all stock deal) which I assume is illiquid?
- gscott 2y agoA stock ponzi scheme to keep him afloat? Soon he will start a new venture and use that venture to save the previous venture and so on. Maybe a robot clothing company because robots shouldn't be naked.
- bradleyjg 2y agoThe debt goes to the merged company and so can be serviced or retired using the funds of the whole company.