inclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 2 months agoTesla Stock Price Reaches 'Death Cross' Statusgizmodo.comexternal-linkmessage-square90fedilinkarrow-up11arrow-down10cross-posted to: technology@beehaw.org
arrow-up11arrow-down1external-linkTesla Stock Price Reaches 'Death Cross' Statusgizmodo.cominclementimmigrant@lemmy.world to Technology@lemmy.worldEnglish · 2 months agomessage-square90fedilinkcross-posted to: technology@beehaw.org
minus-squarealtphoto@lemmy.todaylinkfedilinkEnglisharrow-up0·2 months agoHe doesn’t care. He wants it to tank because then he can buy it out and go fully private again.
minus-squareZeroOne@lemmy.worldlinkfedilinkEnglisharrow-up0·2 months agoThat’s great, now you get to deliver the finishing blow
minus-squareTja@programming.devlinkfedilinkEnglisharrow-up0·2 months agoThat’s not how any of this works.
minus-squareJaysyn@lemmy.worldlinkfedilinkEnglisharrow-up0·2 months agoIf the stock really tanks (I’ve heard the magic number is $114) his loans get called & he likely has to sell xAI or SpaceX to cover.
minus-squareAnomalocaris@lemm.eelinkfedilinkEnglisharrow-up0·2 months agowouldn’t surprise me if he gets bailed out with tax money
minus-squareubergeek@lemmy.todaylinkfedilinkEnglisharrow-up0·2 months agoExcept, to buy it out, he has to first pay the creditors for the value, because he used that as collateral to buy Twitter.
He doesn’t care. He wants it to tank because then he can buy it out and go fully private again.
That’s great, now you get to deliver the finishing blow
That’s not how any of this works.
If the stock really tanks (I’ve heard the magic number is $114) his loans get called & he likely has to sell xAI or SpaceX to cover.
wouldn’t surprise me if he gets bailed out with tax money
Except, to buy it out, he has to first pay the creditors for the value, because he used that as collateral to buy Twitter.