Tesla shares plunge 15%, suffering steepest drop in five years
thatKamGuy @ thatKamGuy @sh.itjust.works Posts 1Comments 560Joined 2 yr. ago
thatKamGuy @ thatKamGuy @sh.itjust.works
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Aljazeera | How Elon Musk funded his $44bn Twitter takeover
A curious read, seems he spent $27bn in cash on the transaction - so he ‘only’ has loans on ~$17bn, across a swathe of investment groups, wealth funds and banks. Basically, I don’t think a margin call is imminent.
Which is a bit of a shame, as it would be somewhat hilarious to see it fall into the hands of a bank like Chase - being such a toxic asset at this point, to know whether they’d try to salvage/pivot it (ideal, but unlikely) - or just sell it on and write off the loss.