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Elon Musk's luck has finally run out (www.businessinsider.com)
submitted 10 months ago* (last edited 10 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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[-] DessertStorms@kbin.social 1 points 10 months ago

But this isn't "dunking on him" it's bullshit designed to give people a false sense of security and a dopamine hit, while he goes on to do whatever the fuck he likes which is already costing millions of lives (via him hoarding hundreds of billions alone, as foes Gates, who is just as dangerous, if not more, because people like you have been convinced that he's benign, never mind the direct results of his operations).

You're being just as childish as him, except he has all the power of the world to fall back on, and you have probably fuck all in the grand scheme of things and are fighting to survive along with the rest of us. Getting him to react to this bullshit achieves nothing, you've been given bread and a circus, and it's working exactly as intended to keep you paying any real attention.

[-] Prunebutt@feddit.de 6 points 10 months ago

I agree that it doesn't achieve anything... But jeez, let people have their fun. It's not like anybody confuses this shit with actual activism.

[-] schmorpel@slrpnk.net 0 points 10 months ago

I'm afraid people kind of do

this post was submitted on 12 Dec 2023
136 points (87.8% liked)

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