@[email protected] to [email protected]English • 2 months agoTesla Stock Price Reaches 'Death Cross' Statusgizmodo.comexternal-linkmessage-square96fedilinkarrow-up1518arrow-down117cross-posted to: [email protected]
arrow-up1501arrow-down1external-linkTesla Stock Price Reaches 'Death Cross' Statusgizmodo.com@[email protected] to [email protected]English • 2 months agomessage-square96fedilinkcross-posted to: [email protected]
minus-square@[email protected]linkfedilinkEnglish27•2 months ago It could go to zero and it wouldn’t affect him. He leveraged his Tesla stock to buy Twitter. If the stock drops below a certain price, the banks will confiscate the stock. If it’s not enough to cover, they’ll confiscate Twitter. But maybe I’m wrong. I would love to find out either way.
minus-square@[email protected]linkfedilinkEnglish21•2 months agoThat’s why he “sold” Twitter to xAI. It’s no longer “his”, so he can’t be forced to sell it. Loopholes within loopholes, it’s the billionaire way.
He leveraged his Tesla stock to buy Twitter. If the stock drops below a certain price, the banks will confiscate the stock. If it’s not enough to cover, they’ll confiscate Twitter.
But maybe I’m wrong. I would love to find out either way.
That’s why he “sold” Twitter to xAI. It’s no longer “his”, so he can’t be forced to sell it. Loopholes within loopholes, it’s the billionaire way.