inclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 2 years agoTesla Stock Price Reaches 'Death Cross' Statusgizmodo.comexternal-linkmessage-square100linkfedilinkarrow-up1535arrow-down118cross-posted to: technology@beehaw.org
arrow-up1517arrow-down1external-linkTesla Stock Price Reaches 'Death Cross' Statusgizmodo.cominclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 2 years agomessage-square100linkfedilinkcross-posted to: technology@beehaw.org
minus-squarealtphoto@lemmy.todaylinkfedilinkEnglisharrow-up10arrow-down4·2 years agoHe doesn’t care. He wants it to tank because then he can buy it out and go fully private again.
minus-squareJaysyn@lemmy.worldlinkfedilinkEnglisharrow-up11·2 years 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 years agowouldn’t surprise me if he gets bailed out with tax money
minus-squareTja@programming.devlinkfedilinkEnglisharrow-up10arrow-down1·2 years agoThat’s not how any of this works.
minus-squareubergeek@lemmy.todaylinkfedilinkEnglisharrow-up7·2 years 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-squareZeroOne@lemmy.worldlinkfedilinkEnglisharrow-up4·2 years agoThat’s great, now you get to deliver the finishing blow
He doesn’t care. He wants it to tank because then he can buy it out and go fully private again.
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
That’s not how any of this works.
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 great, now you get to deliver the finishing blow