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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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[-] Jeremyward@lemmy.world 75 points 11 months ago

God I hope so, if I never have to hear him again I would be so happy

[-] vivadanang@lemm.ee 29 points 11 months ago

Every single one of the companies he touches would benefit substantially if he'd just fucking stop and shut the fuck up.

Super genius clown truck isn't going to though.

[-] Cheems@lemmy.world 10 points 11 months ago

I unfortunately get the feeling that we'll be hearing from him for the rest of his life

[-] duplexsystem@lemmy.blahaj.zone 1 points 11 months ago

Let's hope it's short then

[-] Prunebutt@feddit.de 9 points 11 months ago

You wish tha he went away.
Even if he does: People like Musk will never go away under capitalism. The only difference is that Musk wants to be liked by the plebs.

this post was submitted on 12 Dec 2023

136 points (87.8% liked)

Enough Musk Spam

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