Redditsux@lemmy.world to World News@lemmy.worldEnglish · 28 days agoElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comexternal-linkmessage-square83fedilinkarrow-up1101arrow-down10cross-posted to: [email protected]
arrow-up1101arrow-down1external-linkElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comRedditsux@lemmy.world to World News@lemmy.worldEnglish · 28 days agomessage-square83fedilinkcross-posted to: [email protected]
minus-squareChicoSuave@lemmy.worldlinkfedilinkEnglisharrow-up16·28 days agoIs this so the loans secured with X stock can’t be called in, forcing Elon to sell the collateral to pay back the loan? Sure seems like a bullshit business move to retain control of Tesla.
minus-squarevxx@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down1·edit-227 days agoX is a private company, there’s no stock. It was secured with Tesla stock.
Is this so the loans secured with X stock can’t be called in, forcing Elon to sell the collateral to pay back the loan?
Sure seems like a bullshit business move to retain control of Tesla.
X is a private company, there’s no stock. It was secured with Tesla stock.