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A new report sheds light on how advertising is going at Elon Musk's X — and the numbers aren't good
(www.businessinsider.com)
this post was submitted on 14 Dec 2023
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He leveraged his Tesla stock as collateral to buy Twitter. His antics haven't just harmed Twitter but also Tesla. As the value of that stock drops the banks can force him to provide additional collateral or call in the loans. He would have to put up more stock or sell. Selling could create a spiral where the price continues to drop.
As Jeremy Clarkson once said, "Oh no, anyway."
So deciding to have Tesla leave the Nordics, some of the most EV dense countries, will not only hurt Tesla and give the competition an edge, it might actually cost him stock in spaceX? Is that the analysis here?
He isn't overly leveraged on twitter, and it might actually be 0 leverage. He was leveraged and then he sold a shit load of stock so he wouldn't be and that's a huge part of what crashed the stock price.
The only part I'm unclear on is who's responsible for the 1 billion loan twitter has, twitter, or him.
But 1 billion isn't of any concern to him, its too small an amount, and there's spacex he can get funds from too if he needed it.
Edit: what is likely to happen though is twitter fails and needs a huge cash infusion, and he sells nultiple billions more Tesla stock to prop it up, bringing the price down again.