Elon Musk Loses a Billion Dollars Every Time the Tesla Stock Drops by $2.43
Elon Musk Loses a Billion Dollars Every Time the Tesla Stock Drops by $2.43
www.ibtimes.co.uk
Elon Musk Loses a Billion Dollars Every Time the Tesla Stock Drops by $2.43
8 comments
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According to certain reports, Tesla's stock would have to decline to $114 for Musk to face margin calls on these loans, equating to a 50 percent drop from its current price and below the minimum price targets currently set by analysts.
Nice.
Ok boys: now we have a target share price. You know what to do.
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The thing is, he has so much money that the amount of money isn't really important any more.
Surely after you've been the richest person in the world you start thinking about power and legacy more than money.
Additionally, I'm quite sure that Musk sees the current situation as temporary, and setting the scene for whatever future he envisions.
I mean, the future is going to be bleak with extinctions, climate change, water scarcity, famine. I think these assholes have just given up on avoiding an apocalypse and instead they're working on ensuring that they and their progeny end up ruling over the ashes so to speak. In short, they're trying to establish an autocracy with the least possible chance of rebellion.
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A huge portion of his wealth IS the Tesla stock. Add onto that the possibility of a margin call if the stock continues to drop and it may actually hurt him.
Granted it's not the same kind of hurt as when real people get financially hurt, he won't be forced to decide which bills don't get paid or risk losing his home, but it would still hurt him.
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Tesla's stock price is still up over 50% year on year, using year to date is quite misleading.
There was a colossal spike in the share price, this is just them returning to baseline.
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Then I guess we'll have to do everything we can to get it sub $100.
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Don't worry, BYD are working on it.
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8 comments
How low will Tesla stock have to get before the banks call in their loans to Elon?
https://www.newsweek.com/elon-musk-facing-margin-call-tesla-stock-2047059
Make this Trump's scapegoat go bankrupt.