Enough Musk Spam

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For those that have had enough of the Elon Musk worship online.

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Elon Musk's luck has finally run out (www.businessinsider.com)

submitted 11 months ago* (last edited 11 months ago) by pelespirit@sh.itjust.works to c/enoughmuskspam@lemmy.world

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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.

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[–] jaybone@lemmy.world 29 points 11 months ago (1 children)

Sadly, he would capitalize on his name alone to somehow make a comeback. Might start as some political pundit or “business expert” on Fox News or something.

[–] mrbubblesort@kbin.social 9 points 11 months ago (1 children)

A comeback to where though? That might put him solidly in the millionaire category, but he'd never reach 2018/19 billionaire heights again.

[–] Art3sian@lemmy.world 3 points 11 months ago

He’s never not going to be a billionaire. He could liquidate tomorrow and live off $30M a year in interest alone.

People don’t quite get how insane the number $200,000,000,000 is. If you counted out one dollar of Musk’s money every second and never took a break or slept, it would take you 8,000 years to count it all.