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Elon Musk's luck has finally run out(www.businessinsider.com)

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pelespirit@sh.itjust.works
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enoughmuskspam@lemmy.world
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This is why using Tesla stock to source cash all the time gets hairy. If Tesla shares fall below a certain level, the banks can call in those personal loans — leaving Musk on the hook. And the quickest way for Tesla’s stock to drop off a cliff is for investors to get wind of a big Musk sale. And of course, he needs to make sure that he still holds on to all the Tesla stock he’s pledged as collateral to the banks. Unfortunately, though, the easiest way for Musk to fill the gaping hole in Twitter’s balance sheet is to sell Tesla shares. You see how this could be a problem.

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Jeremyward@lemmy.world
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God I hope so, if I never have to hear him again I would be so happy

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Prunebutt@feddit.de
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  1. You wish tha he went away.
  2. Even if he does: People like Musk will never go away under capitalism. The only difference is that Musk wants to be liked by the plebs.
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