inclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 6か月前Tesla Stock Price Reaches 'Death Cross' Statusgizmodo.comexternal-linkmessage-square100fedilinkarrow-up1533arrow-down118cross-posted to: technology@beehaw.org
arrow-up1515arrow-down1external-linkTesla Stock Price Reaches 'Death Cross' Statusgizmodo.cominclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 6か月前message-square100fedilinkcross-posted to: technology@beehaw.org
minus-squarealtphoto@lemmy.todaylinkfedilinkEnglisharrow-up11arrow-down4·6か月前He doesn’t care. He wants it to tank because then he can buy it out and go fully private again.
minus-squareJaysyn@lemmy.worldlinkfedilinkEnglisharrow-up11·6か月前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.
minus-squareAnomalocaris@lemm.eelinkfedilinkEnglisharrow-up5·6か月前wouldn’t surprise me if he gets bailed out with tax money
minus-squareTja@programming.devlinkfedilinkEnglisharrow-up10arrow-down1·6か月前That’s not how any of this works.
minus-squareubergeek@lemmy.todaylinkfedilinkEnglisharrow-up7·6か月前Except, 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-up4·6か月前That’s great, now you get to deliver the finishing blow
minus-squaredoggle@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·6か月前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.
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.