• waddle_dee@lemmy.world
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    25 days ago

    Hopefully, this amounts to a fraud investigation and shareholders dump their stocks and cause Musk to fall below the margin call and then he liquidates and Tesla goes to rock bottom.

    • ExcessShiv@lemmy.dbzer0.com
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      25 days ago

      Doesn’t he only own like 13% of the stock in Tesla? His wealth is barely affected by Tesla going bankrupt

      • jackeryjoo@lemmy.world
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        24 days ago

        Yes, but that 13% is massively leveraged. So it would significantly impact his ability to pay his loans that use those shares as collateral.

        • ExcessShiv@lemmy.dbzer0.com
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          25 days ago

          Yeah I’m just chilling over here pointing out facts that it takes more than bankrupting Tesla to financially hurt that psycho…