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He’s currently bailing himself out because the collapse of his Tesla stock would likely mean he’s unable to service the loans he took out to buy X. Honestly su
by tw04 2y ago
He’s currently bailing himself out because the collapse of his Tesla stock would likely mean he’s unable to service the loans he took out to buy X.
Honestly surprised the VCs that dumped all the money into xAI are on board. I’m guessing he still must have controlling stake.
- bhouston 2y ago> Honestly surprised the VCs that dumped all the money into xAI are on board. I’m guessing he still must have controlling stake. Why would he give them a controlling stake? I suspect they don't have control.
- kelnos 2y agoHe doesn't service the X loans with his Tesla stock. He does need to keep Tesla's stock above $115 or so in order to avoid getting margin-called, though. Sure, TSLA has been dropping, but it still has a ways to go before it hits $115. Maybe Musk is resigned to that happening, though, who knows. Seems unlikely?