Something that isn’t reported enough is that Elon borrowed heavily against his ownership of Tesla to buy Twitter. It is thought that at around $100 a share he will be margin called which will mean that Elon will have to pay the loan back in cash immediately which will bankrupt him completely and enact the rage of his handlers the Saudis and Putin as the are the ones who drummed up support for the deal in the first place by holding a majority of the non-institutional debt.
Russia does not give a single fuck about their assets getting burned. It happens all the time. It’s part of their playbook to make their assets more and more bold.
This sounds really interesting but I lack the necessary economics background to understand it. Instead of having to research for potentially hours, do you mind please dumbing it down a little for me? The parts I don’t understand are “borrow against an ownership”, “holding non-institutional debt”. You don’t have to of course
Something that isn’t reported enough is that Elon borrowed heavily against his ownership of Tesla to buy Twitter. It is thought that at around $100 a share he will be margin called which will mean that Elon will have to pay the loan back in cash immediately which will bankrupt him completely and enact the rage of his handlers the Saudis and Putin as the are the ones who drummed up support for the deal in the first place by holding a majority of the non-institutional debt.
Sorry to be that guy but can you give any sources for this? I would love this to be true and want to tell my friends but yeah a source would be nice…
I want to believe…
Russia does not give a single fuck about their assets getting burned. It happens all the time. It’s part of their playbook to make their assets more and more bold.
They got more than their moneys worth in the form of the US crashing and burning like it is now.
I really doubt that somebody will margin call one of the most powerful men in the world who is in control of the president of the United States.
Normally I would agree with you but with how hard the current US administration is pushing Tesla sales I think they are legitimately concerned / there is an actual chance this could happen: https://www.nbcnews.com/tech/elon-musk/trump-musk-tesla-white-house-showroom-buys-car-rcna195905
This sounds really interesting but I lack the necessary economics background to understand it. Instead of having to research for potentially hours, do you mind please dumbing it down a little for me? The parts I don’t understand are “borrow against an ownership”, “holding non-institutional debt”. You don’t have to of course