this post was submitted on 12 Dec 2023
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Enough Musk Spam

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Elon Musk's luck has finally run out (www.businessinsider.com)
submitted 11 months ago* (last edited 11 months ago) by pelespirit@sh.itjust.works to c/enoughmuskspam@lemmy.world
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This is why using Tesla stock to source cash all the time gets hairy. If Tesla shares fall below a certain level, the banks can call in those personal loans — leaving Musk on the hook. And the quickest way for Tesla's stock to drop off a cliff is for investors to get wind of a big Musk sale. And of course, he needs to make sure that he still holds on to all the Tesla stock he's pledged as collateral to the banks. Unfortunately, though, the easiest way for Musk to fill the gaping hole in Twitter's balance sheet is to sell Tesla shares. You see how this could be a problem.

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[–] TheFriendlyDickhead@lemm.ee 4 points 11 months ago* (last edited 11 months ago) (2 children)

Why would he invest even more of his money in Twitter? If Twitter goes insolvent he loses all of his money he has invested in Twitter, but not a dime more. Currently Twitter looses so much in value that every dollar he invests is just lost money. No reason to increase his investment.

[–] joneskind@lemmy.world 2 points 11 months ago

If Twitter goes insolvent he loses all of his money he has invested in Twitter, but not a dime more.

Read the article. Everything is connected in Musk's World, so he might lose way more than just Twitter's money.