Could the World's Richest Man go Broke?

[Bray123]

https://www.newsweek.com/elon-musk-facing-margin-call-tesla-stock-2047059

Musk is losing so much money with Tesla that he may need to sell Xitter. Because you cannot use equity in a company to purchase that company.

Elon Musk may be forced to sell shares previously pledged to secure certain personal loans, should Tesla stock continue to decline.
As pointed out by several online commentators, Musk is currently close to facing a margin call on the loans used to facilitate his 2022 purchase of Twitter.
Tesla shares were changing hands at $225.31 ahead of Wednesday's market opening. The stock is down 41 percent since the start of the year

A margin call occurs when a borrower no longer has enough equity to meet the broker's minimum requirements. In Musk's case, the price of Tesla stock used as collateral would fall below a certain price point, at which point he would be forced by the broker to either deposit more funds or liquidate assets—such as his holdings in Tesla or his other companies—to bring the account back to the required level.

Musk financed his $44 billion acquisition of Twitter, now X, utilizing a mix of personal bank loans, subordinated debt, personal cash and equity contributions from independent investors, according to reports at the time.

According to certain reports, Tesla's stock would have to decline to $114 for Musk to face margin calls on these loans, equating to a 50 percent drop from its current price and below the minimum price targets currently set by analysts.

"Elon Musk's purchase of Twitter was financed by borrowing money. He used his Tesla stock as collateral. If Tesla stock keeps crashing, the banks/creditors could repossess Twitter."

 

[BrightShinyGirl]

https://www.newsweek.com/elon-musk-facing-margin-call-tesla-stock-2047059

Musk is losing so much money with Tesla that he may need to sell Xitter. Because you cannot use equity in a company to purchase that company.




According to certain reports, Tesla's stock would have to decline to $114 for Musk to face margin calls on these loans, equating to a 50 percent drop from its current price and below the minimum price targets currently set by analysts.

That's the plan. Elon Musk is Donald Trump's Achilles heel.

 

[butters]

with all his fingers in so many pies, from space x to defense contracts to technology (starlink, which is now going to feature in India, I believe?) and now inside the gov't's computers? nope

he's made sure he's buffered; money makes money and he can afford to see more than one financial interest fail without becoming poor.

 

[Saint_Ann]

Liberals hate rich people.

 

[BabyBoomer50s]

Elon’s personal financial position has no impact on the lives of everyday Americans.

 

[RobDownSouth]

Musk 'n the frat boy tech bros are getting briefed on the above-top-secret American contingency plans to attack China tomorrow to see what exactly which weapon systems must continually modified and which should be 'sunsetted'. Taps on the frat bros' fuckbuddies phones by the Chinese will be actively monitored all day. A red letter day for Red China's intelligence service!

 

[Sean Renaud]

Liberals hate rich people.

Where the hell did you get that silly idea. Most of us at least pretend to like Gates, don't genuinely care much about the Zuck, don't even know about the Waltons and Bezos decided to go back into hiding after launching into space and nobody cares. Musk is fairly unique. We don't even genuinely bother hating the Koch brother. We are down to one at this point right?

 

[Saint_Ann]

Where the hell did you get that silly idea. Most of us at least pretend to like Gates, don't genuinely care much about the Zuck, don't even know about the Waltons and Bezos decided to go back into hiding after launching into space and nobody cares. Musk is fairly unique. We don't even genuinely bother hating the Koch brother. We are down to one at this point right?

To each according to his contribution.

 

[Lazaran]

That's the plan. Elon Musk is Donald Trump's Achilles heel.

“Leon” is more like DonOld’s “Achilles bone spur”.

 

[JohnEngelman]

https://www.newsweek.com/elon-musk-facing-margin-call-tesla-stock-2047059

Musk is losing so much money with Tesla that he may need to sell Xitter. Because you cannot use equity in a company to purchase that company.




According to certain reports, Tesla's stock would have to decline to $114 for Musk to face margin calls on these loans, equating to a 50 percent drop from its current price and below the minimum price targets currently set by analysts.

 

[JohnEngelman]

Liberals hate rich people.

We do not hate all of them, but we want them to pay much higher taxes.

 

[JohnEngelman]

Elon’s personal financial position has no impact on the lives of everyday Americans.

But we enjoy watching his decline.

 

[Bray123]

Liberals hate rich people.

Liberals hate rich people who sprinkle Nazi symbols wherever they go.
https://www.ascii-code.com/88

 

[Lazaran]

Liberals hate rich people who sprinkle Nazi symbols wherever they go.
https://www.ascii-code.com/88

The ironic part is the fact that “Leon”-the-genius-tech-bro "thought" he was being sooooo clever using “X” (ascii- code for “88”), because “no one would ever figure out the white supremacist connection”. See also: “The 14 flags” incident.

Oops…

“Leon” is / was too smart by half…



Also:

We. Told. Them. So.

 

[Bray123]

The ironic part is the fact that “Leon”-the-genius-tech-bro "thought" he was being sooooo clever using “X” (ascii- code for “88”), because “no one would ever figure out the white supremacist connection”. See also: “The 14 flags” incident.

Oops…

“Leon” is / was too smart by half…



Also:

We. Told. Them. So.

An interesting Musk family history here,
https://www.cbc.ca/newsinteractives...n-musk-saskatchewan-tech-utopian-conspiracist

Conspiracy theories, white supremacy, interference in politics. It's in his genes.

 

[Chernosoth]

I'm waiting for Tesla to expand into the gas engine car market.

 

[BabyBoomer50s]

But we enjoy watching his decline.

I suppose you’re right. Not much reason to celebrate but pretty much the only thing liberals have to celebrate. Tesla stock enjoyed a nice “Trump Bump” following the election and now the price is back to pre-election levels, partly because of the damage to the brand caused by Elon’s actions. Paper gains erased by paper losses.

 

[HumpDayHoratio]

Where the hell did you get that silly idea. Most of us at least pretend to like Gates, don't genuinely care much about the Zuck, don't even know about the Waltons and Bezos decided to go back into hiding after launching into space and nobody cares. Musk is fairly unique. We don't even genuinely bother hating the Koch brother. We are down to one at this point right?

Come on now….you luv you some crappy Windows Gates! Zuck was your darling until he started backsliding w President Trump. Bez has been in and out of favor depending on how his paper is treating you. I notice you left the Lord of the Sith out of your OpEd. Do I need to post pics of Radicalized democrats sidling up to him?

 

[UltraChad]

Destroying the "greenest" car company in America won't hurt Elon.....it will just make Democrats look like the petty Karens most people already know they are.

 

[ll74]

Destroying the "greenest" car company in America won't hurt Elon.....it will just make Democrats look like the petty Karens most people already know they are.

They actually aren't the greenest car company in the US. Scout is
https://www.scoutmotors.com/

 

[DeluxAuto]

He's already morally bankrupt.

 

[DeluxAuto]

They actually aren't the greenest car company in the US. Scout is
https://www.scoutmotors.com/

Don't bring facts into his histrionics! That's just mean.

 

[UltraChad]

They actually aren't the greenest car company in the US. Scout is
https://www.scoutmotors.com/

That's not what all the "Greentards" were screeching about before Elon was suddenly a NAZI!!!! LOL

 

[ll74]

That's not what all the "Greentards" were screeching about before Elon was suddenly a NAZI!!!! LOL

Non sequitur

 

[UltraChad]

Non sequitur

Only if you're pretending all the "green" folks super hated Elon and Tesla from the start...... which wouldn't shock me, I genuinely think you and the other "VOTE BLUE NO MATTER WHO ANYTHING ELSE IS HITLAH!!" partisan hacks have actually retconned your own memories to suit the DNC's approved Elon Derangement Syndrome narrative.