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submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 2 months ago (6 children)

He doesn't care. He wants it to tank because then he can buy it out and go fully private again.

[–] [email protected] 7 points 2 months ago

Except, to buy it out, he has to first pay the creditors for the value, because he used that as collateral to buy Twitter.

[–] [email protected] 4 points 2 months ago

That's great, now you get to deliver the finishing blow

[–] [email protected] 1 points 2 months ago

If I'm not mistaken the overwhelming majority of elons wealth is in company stock (including his other companies, not just Tesla)

It might need to fall pretty damn low for him to be able to afford all outstanding shares.

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