inclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 1 month agoTesla Stock Price Reaches 'Death Cross' Statusgizmodo.comexternal-linkmessage-square103linkfedilinkarrow-up1535arrow-down120
arrow-up1515arrow-down1external-linkTesla Stock Price Reaches 'Death Cross' Statusgizmodo.cominclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 1 month agomessage-square103linkfedilink
minus-squaresurewhynotlem@lemmy.worldlinkfedilinkEnglisharrow-up28·1 month 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-up22·1 month 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.