This is why using Tesla stock to source cash all the time gets hairy. If Tesla shares fall below a certain level, the banks can call in those personal loans — leaving Musk on the hook. And the quickest way for Tesla’s stock to drop off a cliff is for investors to get wind of a big Musk sale. And of course, he needs to make sure that he still holds on to all the Tesla stock he’s pledged as collateral to the banks. Unfortunately, though, the easiest way for Musk to fill the gaping hole in Twitter’s balance sheet is to sell Tesla shares. You see how this could be a problem.
LMFAO, you can keep telling yourself that if it makes you feel any better, but he could lose both tesla and twitter and still be one of the richest and most powerful people to have ever lived, who wouldn’t have to ever work again even if he lived a thousand years more…
This article 100% a distraction that serves to make the oblivious and/or wilfully ignorant feel sorry for him and/or look at others while he keeps finding more ways to fund and grow fascism wherever he goes…
Honestly… 🤦♀️
If you had read the article you would have learned that Musk himself doesn’t own any money, and is even in debt because of its personal expenses, in particular its private jet flights.
Now you can face palm yourself as much as you want, but the only thing you’ll do is putting bigger blinders on your already blinded brain.
I won’t feel sorry about the fate of the most horrible person in the world. As a matter of fact, this is the kind of news that’s bringing me joy, because it doesn’t come from haters like you and me, but from the people that gave him the money in the first place, aka the banks.
I can’t hide my impatience to see him fall quickly, but I guess we’ll get to wait a little more. The end of the year is coming, he won’t be able to pay the $1.3B annual interest fees to the banks and we should begin to see the beginning of the end.
Maybe so, but a person who’s reached that level of notoriety and ability to be so polarizing will never truly go broke. He’ll always have enough media profile to make egregious amounts of money and live in luxury.
The premise of the article isn’t “he’s going to be homeless soon”, it’s “his luck has run out” and specifically in regards to Twitter. The argument they make is that he won’t be able to retain ownership, and Twitter will have to declare bankruptcy. We’ll see. But your comment comes across pretty combative and it’s not obvious why.
Stephanie Sterling once said that he could be considered a god with all the power our society lets him have.
He has absolutely no frame of reference of what it is like to be an actual human with bills to pay and chores to do.
Which is what make dunking on him so satisfying. I can’t hurt Bill Gates’ feelings by making mean memes about him. But Musk reacts to people being mean to him.
But this isn’t “dunking on him” it’s bullshit designed to give people a false sense of security and a dopamine hit, while he goes on to do whatever the fuck he likes which is already costing millions of lives (via him hoarding hundreds of billions alone, as foes Gates, who is just as dangerous, if not more, because people like you have been convinced that he’s benign, never mind the direct results of his operations).
You’re being just as childish as him, except he has all the power of the world to fall back on, and you have probably fuck all in the grand scheme of things and are fighting to survive along with the rest of us. Getting him to react to this bullshit achieves nothing, you’ve been given bread and a circus, and it’s working exactly as intended to keep you paying any real attention.
I agree that it doesn’t achieve anything… But jeez, let people have their fun. It’s not like anybody confuses this shit with actual activism.
I’m afraid people kind of do
No one cares how rich he is. Only that the illusion of “wealth = ability” has been debunked. And it will continued to be debunked until people learn to realize that all of these ultra-wealthy people are total crooks.
II wanted people to discuss if they felt it was true or not and see if anyone had insight as to whether Saudi Arabia factors in to his finances or not. Normally, I think you would have a point, but they brought experts to the table to discuss it even though the tone is flippant. He has to dance with the money and loans and he’s running out of options. I do not have sympathy for him at all, he’s a POS