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Musk Melts Down as Tesla Stock Price Plunges (www.rollingstone.com)

submitted 1 day ago by cm0002@lemmy.world to c/usa@midwest.social

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[–] gasgiant@lemmy.ml 46 points 22 hours ago (2 children)

Didn't he buy twitter with a loan backed by his Tesla stock?

If that's the case and the price is falling enough then the bank could/have called that in. Resulting in the forced sale of his stock.

Which would be very funny.

[–] NutWrench@lemmy.ml 12 points 17 hours ago (1 children)

If self-preservation is an instinct these banks possess, they should all be calling in Musks loans right now.

[–] piccolo@sh.itjust.works 7 points 15 hours ago* (last edited 15 hours ago) (1 children)

The banks bankrolled twitter to create a controlled propaganda outlet and enabled their boy to directly influence the federal government. I think their investment turn out very well for them.

[–] h6pw5@sh.itjust.works 3 points 15 hours ago

And they’re undoubtably confident a taxpayer bailout would fill any loss that might occur. And it’s unfortunately a solid bet.

[–] unemployedclaquer@sopuli.xyz 4 points 20 hours ago

Along with P Diddy and some money came from other very questionable backers