inclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 3 days agoTesla Stock Price Reaches 'Death Cross' Statusgizmodo.comexternal-linkmessage-square108fedilinkarrow-up1528arrow-down118
arrow-up1510arrow-down1external-linkTesla Stock Price Reaches 'Death Cross' Statusgizmodo.cominclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 3 days agomessage-square108fedilink
minus-squaresurewhynotlem@lemmy.worldlinkfedilinkEnglisharrow-up28·3 days 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-up21·3 days 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.