inclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 9 months agoTesla Stock Price Reaches 'Death Cross' Statusgizmodo.comexternal-linkmessage-square100fedilinkarrow-up1511arrow-down117cross-posted to: BoycottUnitedStates@europe.pubenoughmuskspam@lemmy.world
arrow-up1494arrow-down1external-linkTesla Stock Price Reaches 'Death Cross' Statusgizmodo.cominclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 9 months agomessage-square100fedilinkcross-posted to: BoycottUnitedStates@europe.pubenoughmuskspam@lemmy.world
minus-squarealtphoto@lemmy.todaylinkfedilinkEnglisharrow-up10arrow-down4·9 months agoHe doesn’t care. He wants it to tank because then he can buy it out and go fully private again.
minus-squaredoggle@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·9 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.
minus-squareJaysyn@lemmy.worldlinkfedilinkEnglisharrow-up10·9 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-up5·9 months agowouldn’t surprise me if he gets bailed out with tax money
minus-squareubergeek@lemmy.todaylinkfedilinkEnglisharrow-up7·9 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-squareTja@programming.devlinkfedilinkEnglisharrow-up10arrow-down1·9 months agoThat’s not how any of this works.
minus-squareZeroOne@lemmy.worldlinkfedilinkEnglisharrow-up4·9 months agoThat’s great, now you get to deliver the finishing blow
He doesn’t care. He wants it to tank because then he can buy it out and go fully private again.
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.
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
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 not how any of this works.
That’s great, now you get to deliver the finishing blow