• NotMyOldRedditName@lemmy.world
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    11 months ago

    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.