Enough Musk Spam

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For those that have had enough of the Elon Musk worship online.

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Elon Musk's luck has finally run out (www.businessinsider.com)

submitted 10 months ago* (last edited 10 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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[–] littlebluespark@lemmy.world 4 points 10 months ago (1 children)

Loses*

[–] Cosmicomical@kbin.social 0 points 10 months ago (1 children)

With all the money it's losing we can afford an extra O

[–] littlebluespark@lemmy.world 0 points 10 months ago

Can't afford that comma, though? Ironic.