inclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 2 months agoTesla Stock Price Reaches 'Death Cross' Statusgizmodo.comexternal-linkmessage-square99fedilinkarrow-up1533arrow-down118cross-posted to: [email protected]
arrow-up1515arrow-down1external-linkTesla Stock Price Reaches 'Death Cross' Statusgizmodo.cominclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 2 months agomessage-square99fedilinkcross-posted to: [email protected]
minus-squarealtphoto@lemmy.todaylinkfedilinkEnglisharrow-up10arrow-down4·2 months agoHe doesn’t care. He wants it to tank because then he can buy it out and go fully private again.
minus-squareJaysyn@lemmy.worldlinkfedilinkEnglisharrow-up11·2 months agoIf the stock really tanks (I’ve heard the magic number is $114) his loans get called & he likely has to sell xAI or SpaceX to cover.
minus-squareAnomalocaris@lemm.eelinkfedilinkEnglisharrow-up5·2 months agowouldn’t surprise me if he gets bailed out with tax money
minus-squareTja@programming.devlinkfedilinkEnglisharrow-up10arrow-down1·2 months agoThat’s not how any of this works.
minus-squareubergeek@lemmy.todaylinkfedilinkEnglisharrow-up7·2 months agoExcept, to buy it out, he has to first pay the creditors for the value, because he used that as collateral to buy Twitter.
minus-squareZeroOne@lemmy.worldlinkfedilinkEnglisharrow-up4·2 months agoThat’s great, now you get to deliver the finishing blow
minus-squaredoggle@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·2 months agoIf I’m not mistaken the overwhelming majority of elons wealth is in company stock (including his other companies, not just Tesla) It might need to fall pretty damn low for him to be able to afford all outstanding shares.
He doesn’t care. He wants it to tank because then he can buy it out and go fully private again.
If the stock really tanks (I’ve heard the magic number is $114) his loans get called & he likely has to sell xAI or SpaceX to cover.
wouldn’t surprise me if he gets bailed out with tax money
That’s not how any of this works.
Except, to buy it out, he has to first pay the creditors for the value, because he used that as collateral to buy Twitter.
That’s great, now you get to deliver the finishing blow
If I’m not mistaken the overwhelming majority of elons wealth is in company stock (including his other companies, not just Tesla)
It might need to fall pretty damn low for him to be able to afford all outstanding shares.