Elon Musk

Basically just borrowing against the value of existing equities, in this case Tesla stock. It gives you lower interest rates because the loan is at least partly backed by the collateral value of the assets, meaning it’s lower risk for the lender.

meaning that if musk defaults on his payments the bankers get to own his stock and ultimately tesla (and thus to pwn him)

Interesting, thanks

a margin loan was originally on the table back in april but he snookered his rich friends to pick up some of the tab so he was able to remove it from his financing package

it's riskier for him personally since his own assets are on the hook, but can be cheaper overall (esp. if he needs to inject cash into twitter to keep it afloat)

Does him tanking Tesla stock change anything about a margin loan?

I presume it gives him less leverage in general. Blood in the water and all that.

he needs to put up a lot more of it for the same $$$ amount since it’s worth less now

and if the value of the tesla stock drops below a certain agreed upon number then he has to put up more collateral, the famous margin call

would it be crazy to imagine that if Elon margins a bunch of his Tesla shares to prop up twitter his fanvestors might get disgruntled and sell out which would drive down the price which would get him a margin call which etc

anyway I hope Morgan Stanley ends up owning 40% of Tesla

and Twitter

teslas stock price is entirely predicated on the idea that musk is a world beating genius whos going to turn tesla into something bigger than the biggest car company in the world, the battery power company for everything, and since hes very publicly challenging the whole genius idea it seems pretty possible that telsa stock will return to a price more befitting a company of its size and profitability, say the $15 it was three years ago rather than the $400 it was a year ago or the $175 it is today

or maybe zero zero is in play

Elon Musk’s bankers are considering providing the billionaire with new margin loans backed by Tesla Inc. stock to replace some of the high-interest debt he layered on Twitter Inc., according to people with knowledge of the matter.

short squeeze short squeeze short squeeze

you actually want the opposite of a short squeeze if elon is borrowing on margin (short squeeze causes the stock to go up)

i support elon

I imagine the idea of shorting Tesla has occurred to a lot of investors, both small and large, in the past six months. That space is probably overcrowded rn.

not just the past six months

https://en.wikipedia.org/wiki/TSLAQ

also

Also notable is just how many dif ways $NOPE is short $TSLA via straight shorts, puts, $SARK, $QQQ. pic.twitter.com/xg8myM51La

— Eric Balchunas (@EricBalchunas) October 31, 2022

looooool

"Now, Weiss has been given access to Twitter's employee systems, added to its Slack, and given a company laptop, two people familiar with her presence said.

The level of access to Twitter systems given to Weiss is typically given only to employees..."https://t.co/3zBi3eDGJP

— Justin Baragona (@justinbaragona) December 8, 2022

this is going to end with some random twit getting put on blast for joking around about working for the deep state on slack

there are literally thousands of posts in there that could be the basis for a project veritas/fox news hit.

utterly insane that elon is doing this to a company he owns

Is it possible that he's absolutely off his fucking nut on drugs?

yeah

it's extremely funny that The Boring Company has gone from "revolutionizing modern transportation" to "getting Elon some coffee" pic.twitter.com/U1GnoV23AH

— David Grossman (@davidgross_man) December 8, 2022

every man woman and child who's ever used simulants thinks he's on a shitload of them

having to hang around and run errands for Elon is the very definition of "boring company"

We were always being boring

speaking of do you think Elon listens to music? I remember the Dilbert guy being asked this once and he was almost offended at the question. like "uhhh no I have better things to do music is such a waste of mental energy". Elon strikes me as the same sort of person. either that or he's listening to the same 3 Nightcore songs on repeat while chugging Caffeine-Free DCs until 3 AM

he doesnt even listen to grimes

I refer you to the post upthread in which Elon professes not to understand sex for purposes other than procreation.

Don't you guys remember when he wrote a song about Harambe? Obviously he has no idea what music is.

He probably likes Weezer.

Dubstep

he likes Captain and Tenille for obvious reasons

None of these guys like anything that distracts from thinking about themselves. If he listens to anything it’s video game soundtracks, and he imagines he’s the cool hero in the game

In a Guest DJ Project first, we took a field trip to the SpaceX headquarters to visit with CEO Elon Musk as the company prepares to launch an unmanned capsule to the International Space Station in 2012. Elon shares his favorite song to whistle, the Andrea Bocelli track that reminds him the world is a beautiful place and shows his sense of humor with a pick by Monty Python. Elon is also the CEO of Tesla Motors and one of the creators of Pay Pal.

Tracks
Fly Me To the Moon - Frank Sinatra
Always Look on the Bright Side of Life - Monty Python
America., expletive Yeah! -Team America World Police
Con Te Partiro - Andrea Bocelli
Santa Claus is Coming to Town

https://www.kcrw.com/music/shows/guest-dj-project/elon-musk

if I didn't already think he was a sociopath

ok yeah that is not a person who ever listens to music

one of the creators of Paypal

ugh, such bullshit that they keep repeating that line. the Paypal service already existed in the company (Confinity) that merged with X.com. he didn't create shit, he acquired it and made it the primary focus of the company

LOL

That playlist has a "How do you do, fellow kids" vibe.

lmao two comedy songs a christmas carol and a reference to his rocket company, not sure about the last one

That playlist has a 'cthulhoid entity wearing an entirely unconvincing human mask' vibe imo. It makes me deeply uncomfortable.

he wishes he were that cool

Elon Musk: Thanks for having me on the show.

RC: “Fly Me To The Moon”…

EM: (Laughter) That’s the obvious one.

RC: (Laughs) The obvious one. Explain a little bit, why Frank Sinatra?

EM: I like the sense of possibility and it’s really inspiring. And I’d really like to fly to the moon. (Laughter)

RC: Well, I’m sure that’s going to happen pretty soon!

EM: Yeah, absolutely. You know, obviously I own a space company, I’m going to tend to like something that involves flying to the moon. You hear this song and it sounds like it’s really going to happen.

whoever it was called the hosing-down pic his "glistening larval form" earned a thumbs up

What’s the next one we are going to check out?

EM: It’s “Always Look on the Bright side of life.” And it’s from (the Monty Python film) “Life of Brian” and obviously it’s a pretty funny song because (the characters) are being crucified at the time. (Laughter) But I think it is a good reminder not to get focused on the negative things in life. And my personal philosophy is I’d rather be optimistic and wrong rather than pessimistic and right.

EM: This is, “America, Blank, Yeah” (Laughter)

RC: And we should say that the “blank” starts with an ‘F’ (Laughs)

Song: “America., expletive Yeah!” – Team America World Police Theme

EM: (Laughs) Yeah, right.
That is from the movie, “Team America”. I’m a big fan of “South Park.” The shows that I watch – “South Park,” “Daily Show,” and “Colbert Report,” – those are sort of my main three ones -- they just capture a little bit of essence of America in both a good and a bad way.

RC: You can say that a little bit. (Laughter)

EM: I think it’s funny and inspiring in a weird way – a song that just kind of gets you fired up. (Laughs) It’s just cool. I like it.

like a lot of Elon it has a "nerd who incessantly laughs at their own jokes" vibe