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Elon Musk Exposes the Hatred of Free Speech
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<blockquote data-quote="Up In Smoke" data-source="post: 5329658" data-attributes="member: 79702"><p>Musk had to borrow money to make the Twitter offer. SEC filings shows he has 13 billion in bank loans and 21 billion from the sale of Tesla margins. The rest will come from his investor buddies. Because Tesla is such a high-beta stock he was required to sell margin calls worth 65 billion to ensure the 21 billion. Because the margin loans were made when the stock was north of $1000 per share, Musk has already lost nearly 18 billion in collateral value. If those margin loans are exercised he has a chance of losing about 20% of his net worth. He's fighting so hard because this game of chicken could cost him dearly.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5329658, member: 79702"] Musk had to borrow money to make the Twitter offer. SEC filings shows he has 13 billion in bank loans and 21 billion from the sale of Tesla margins. The rest will come from his investor buddies. Because Tesla is such a high-beta stock he was required to sell margin calls worth 65 billion to ensure the 21 billion. Because the margin loans were made when the stock was north of $1000 per share, Musk has already lost nearly 18 billion in collateral value. If those margin loans are exercised he has a chance of losing about 20% of his net worth. He's fighting so hard because this game of chicken could cost him dearly. [/QUOTE]
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