this post was submitted on 11 Mar 2025
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[–] jj122 20 points 2 weeks ago (3 children)

It's now down 18.5% on the day! I wouldn't be surprised if Elon has used a lot of his shares to guarantee loans that will now come due.

[–] AceStructor@feddit.org 5 points 2 weeks ago

I'm searching for a source, but I have read that most of his loans, especially a big part of his twitter loan is secured through Tesla. If TSLA falls far enough the banks will order payments and that will make him effectively bankrupt. No matter what his other stocks may be worth.

[–] DragonTypeWyvern@midwest.social 4 points 2 weeks ago (1 children)

He said he's fucked if Trump doesn't win.

[–] jj122 4 points 2 weeks ago

Turns out he maybe fucked either way!