inclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 3 days agoTesla Stock Price Reaches 'Death Cross' Statusgizmodo.comexternal-linkmessage-square108fedilinkarrow-up1531arrow-down118cross-posted to: technology@beehaw.org
arrow-up1513arrow-down1external-linkTesla Stock Price Reaches 'Death Cross' Statusgizmodo.cominclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 3 days agomessage-square108fedilinkcross-posted to: technology@beehaw.org
minus-squarealtphoto@lemmy.todaylinkfedilinkEnglisharrow-up10arrow-down4·2 days agoHe doesn’t care. He wants it to tank because then he can buy it out and go fully private again.
minus-squareubergeek@lemmy.todaylinkfedilinkEnglisharrow-up7·2 days agoExcept, to buy it out, he has to first pay the creditors for the value, because he used that as collateral to buy Twitter.
minus-squareTja@programming.devlinkfedilinkEnglisharrow-up10arrow-down1·2 days agoThat’s not how any of this works.
minus-squareZeroOne@lemmy.worldlinkfedilinkEnglisharrow-up4·2 days agoThat’s great, now you get to deliver the finishing blow
minus-squaredoggle@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·2 days agoIf I’m not mistaken the overwhelming majority of elons wealth is in company stock (including his other companies, not just Tesla) It might need to fall pretty damn low for him to be able to afford all outstanding shares.
minus-squareJaysyn@lemmy.worldlinkfedilinkEnglisharrow-up11·2 days agoIf the stock really tanks (I’ve heard the magic number is $114) his loans get called & he likely has to sell xAI or SpaceX to cover.
minus-squareAnomalocaris@lemm.eelinkfedilinkEnglisharrow-up5·2 days agowouldn’t surprise me if he gets bailed out with tax money
He doesn’t care. He wants it to tank because then he can buy it out and go fully private again.
Except, to buy it out, he has to first pay the creditors for the value, because he used that as collateral to buy Twitter.
That’s not how any of this works.
That’s great, now you get to deliver the finishing blow
If I’m not mistaken the overwhelming majority of elons wealth is in company stock (including his other companies, not just Tesla)
It might need to fall pretty damn low for him to be able to afford all outstanding shares.
If the stock really tanks (I’ve heard the magic number is $114) his loans get called & he likely has to sell xAI or SpaceX to cover.
wouldn’t surprise me if he gets bailed out with tax money