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Probably in a desperate attempt to stall margin calls on the debt, which would cause him to have to sell his Tesla stock, which might start the freefall in stoc
by timy2shoes 8mo ago
Probably in a desperate attempt to stall margin calls on the debt, which would cause him to have to sell his Tesla stock, which might start the freefall in stock price, creating a negative feedback loop and cratering his empire. See also the news about Tesla shifting manufacturing to robotics.
- burnte 8mo agoYep, it's all just a shell game. He used xAI to move the Twitter debt so it couldn't be taken away for failure to pay debts. He's already been using SpaceX to buy Cybertrucks to prop ups sales and Tesla. Using SpaceX to generate revenue to pay off the xAI debts is just another step in the shell game.
- timy2shoes 8mo ago> He used xAI to move the Twitter debt so it couldn't be taken away for failure to pay debts. Exactly. I think it was obvious he was shifting the debt around when xAI merged w/ X right after xAI raised a large funding round and had cash in the bank (which it could use to pay down the X debt).
- slowmovintarget 8mo agoWhat debt? Most of the money to buy Twitter came from investors. They were not loans.
- burnte 8mo agoHe took out $13 billion in loans.
- tick_tock_tick 8mo agoHe's not even vaguely close to getting margin called.
- burnte 8mo agoNot now, no, he shuffled it around. He was quite close beforehand, however.