juergen@feddit.org to Technology@lemmy.worldEnglish · 8 days agoTesla is banned from Canada EV rebate program, gov freezes suspicous $43 million in rebateselectrek.coexternal-linkmessage-square73fedilinkarrow-up1998arrow-down111
arrow-up1987arrow-down1external-linkTesla is banned from Canada EV rebate program, gov freezes suspicous $43 million in rebateselectrek.cojuergen@feddit.org to Technology@lemmy.worldEnglish · 8 days agomessage-square73fedilink
minus-squarewaddle_dee@lemmy.worldlinkfedilinkEnglisharrow-up36arrow-down2·8 days agoHopefully, this amounts to a fraud investigation and shareholders dump their stocks and cause Musk to fall below the margin call and then he liquidates and Tesla goes to rock bottom.
minus-squareExcessShiv@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up4arrow-down9·8 days agoDoesn’t he only own like 13% of the stock in Tesla? His wealth is barely affected by Tesla going bankrupt
minus-squarejackeryjoo@lemmy.worldlinkfedilinkEnglisharrow-up16·8 days agoYes, but that 13% is massively leveraged. So it would significantly impact his ability to pay his loans that use those shares as collateral.
minus-squareExcessShiv@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·edit-27 days agoThat’s true, everything helps I guess. But tanking Tesla isn’t the silver bullet that many seem to think it is.
minus-squareKlear@lemmy.worldlinkfedilinkEnglisharrow-up3·7 days agoYeah, we don’t need a silver bullet.
minus-squareExcessShiv@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2arrow-down1·edit-28 days agoYeah I’m just shilling over here pointing out facts that it takes more than bankrupting Tesla to financially hurt that psycho…
minus-squareNOT_RICK@lemmy.worldlinkfedilinkEnglisharrow-up1·8 days ago Having been first listed on the Forbes Billionaires List in 2012,[4] around 75% of Musk’s wealth was derived from Tesla stock in November 2020.
minus-squareExcessShiv@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·edit-28 days agoKey thing here is it’s in 2020… it isn’t anymore since the whole xitter debacle which forced him to sell most of his stocks in it. Tanking Tesla now unfortunately doesn’t have even close to the same impact as it would have if it happened 5 years ago.
Hopefully, this amounts to a fraud investigation and shareholders dump their stocks and cause Musk to fall below the margin call and then he liquidates and Tesla goes to rock bottom.
Doesn’t he only own like 13% of the stock in Tesla? His wealth is barely affected by Tesla going bankrupt
Yes, but that 13% is massively leveraged. So it would significantly impact his ability to pay his loans that use those shares as collateral.
That’s true, everything helps I guess. But tanking Tesla isn’t the silver bullet that many seem to think it is.
Yeah, we don’t need a silver bullet.
deleted by creator
Yeah I’m just shilling over here pointing out facts that it takes more than bankrupting Tesla to financially hurt that psycho…
Key thing here is it’s in 2020… it isn’t anymore since the whole xitter debacle which forced him to sell most of his stocks in it.
Tanking Tesla now unfortunately doesn’t have even close to the same impact as it would have if it happened 5 years ago.