inclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 2 years agoTesla Stock Price Reaches 'Death Cross' Statusgizmodo.comexternal-linkmessage-square89linkfedilinkarrow-up11arrow-down10cross-posted to: enoughmuskspam@lemmy.worldtechnology@beehaw.org
arrow-up11arrow-down1external-linkTesla Stock Price Reaches 'Death Cross' Statusgizmodo.cominclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 2 years agomessage-square89linkfedilinkcross-posted to: enoughmuskspam@lemmy.worldtechnology@beehaw.org
minus-squaresurewhynotlem@lemmy.worldlinkfedilinkEnglisharrow-up0·2 years 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-squaredion_starfire@lemm.eelinkfedilinkEnglisharrow-up0·2 years 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.