I mean, the Al Jazeera piece is from October 2022, while the Barron's piece is from December 2022.
The Barron's piece says that Elon was originally going to put up Tesla stock for collateral as described but decided not to, which would track with both articles
I'm not sure if the Barron's piece is behind a paywall (I have an extension that auto-bypasses paywalls), but just in case this is some of the relevant portion
deally, we get a bound to 315-320 area first. That would set the stage for a powerful route of TSLA. Potentially pushing it to lows that would facilitate margin calls for Musk.
His "empire" is mostly build on leveraged borrowing and hype.
That particular factory might be in serious trouble for skirting german labour regulations since they've apparently been withholding paychecks when "doubting" workers: sick leave according to the largest german industrial labour union IG Metall
yes but German Tesla sales are down 75% while EV car sales are up 25% … so go figure - do NoT raise your right arm and pretend u we’re waving at people 😉
I seem to recall there being an issue where if it got to a certain low point his whole house of cards would collapse because so much was balanced on tesla value? Is that a thing? Can it happen...please?
Yeah, its true. The last time it dropped below where it's estimated Musk has to cover the margin (~$240) they started selling teslas on the white house lawn.
If it stays this low for a while, he's gunna get really silly
No joke, this is why I look at it all the time. I have no clue what any of it means but I know it's not good for them. "Oh look, Elon lost a lot of money today!" or "Damn, stop doing good for Elon!"
the gamification of causing Tesla stock to crash by being able to see it on our phones at all times has probably been an amazing method of mass mobilization
Explain this to me , if the top 1% own 90% of the stock , why are everyday americans panicking about the Stock Market
Do they own any stock?
#Markets
#Tarriffs
#Trump
Amidst this nightmare there are reasons for optimism. But success requires continuing to ratchet up the pressure on Congress and the Administration. Turn fear into courage, because "courage is also contagious". Keep fighting. Read this to help fuel you: https://www.alternet.org/an-ever-stro...
Hackers and the open source software community will have to step in and further reverse engineer things.
The basics are already around in terms of what folks are doing to enable re-using Tesla parts to electrify old cars, and fooling those parts to believe they are still in a Tesla.
unfortunately economic justice is about the only kind of justice left that can still slow the criminals in charge. keep up the great reporting, Erin❣️😊
The stock market & tariffs are just a distraction. Right now in the House, they are deciding if they should give him unchecked powers (NORRA). The courts would no longer be able to block Trump’s illegal actions.
🎊🎉🥳🎉🎊LOUD CHEERS!🎊🎉🎊🎉🎊🎉🎊🎉🎊🎉🎊🎉🎊🎉LOUD CHEERS!🎉🎊🎉🥳🎊🎉🎊🎉🥳🎊🎉🎊🎉🥳LOUD CHEERS!🎊🎉🎊🎉🥳🎊🎉🎊🎉🎊🎊🎉🎊🎉LOUD CHEERS!🎊🎉🥳🎊🎉🎊🎉🎊🎉🥳🎊🎉🎊🎉🎊🎉PUNCH A NAZI LIKE MUSK IN THE FACE TODAY!
and wtf would you want to buy a Tesla. They still have some of the industries' worst fit n finish. Their technology is behind their competitors (BYD), their resale value is horrible, etc.
It's still hugely overvalued, basically a pyramid scheme based on hype that Tesla is going to dominate world car markets. Not going to happen. Realistic value is 20-30% of current stock value. Less, if sales keep falling.
YUP. Here's their Quarterlies. 70% drop in income and profit. This company is held together with hype and hope that is about to dissolve. Once it's gone, his Twitter loan will come knocking, forcing him to sell, removing one more state-sponsored media outlet. 🖕Musk
The majority of his net worth is tied up in Tesla and spaceX shares and stock options. He's described himself as cash poor before. He's worth a lot of money but he doesn't have a lot of money (relatively speaking obviously, he's still extremely wealthy) but if his businesses crash so can his worth
Yes, that’s how all rich business owners operate. Loans against equity. That’s normal, it’s a credit line from the banks who lend them your money that you deposit.
Yes thanks. We’re aware. He used Tesla to leverage his twitter buyout. If Tesla goes down, those investors will be looking for him to cover the shortfall, but he’s very nonliquid. This will hurt him, and even temporarily it helps us.
Teslas' only marketable value was that they had the only electric cars on the market. The second ford, dodge, and gm started putting out their own contenders, tesla had no value other than musk owns the company.
Tesla's still up compared to a year ago,
but it's down 36% for the year (and a bit more from its peak in January, when Elon and his buddy got control.)
What if all of this is just an egomaniacal attempt to level the playing field for tesla because the richest man on earth and his purchased president are bigly mad about it being rightfully targeted?
93% of the stock market is owned by the wealthy oligarch class. They are performing what will be known as the great reset. Less than 7% of the stock market is owned by retirement savings and 401k’s and most of us who have them continually have to dip into them for medical emergencies and stuff.
I'm far away of being an expert in the stock market. But it seems Teslas stock is so much overvalued. I try to compare it to other car companies and Tesla is still by far the most "valued" one.
Comments
"Let's get the guy who will destroy our economy elected" sure is some 4D chess from Musk.
https://cleantechnica.com/2025/04/01/tesla-board-asks-elon-musk-to-step-down/
No BoD are basically his organs. They're tied at the hips and inseparable.
tank tank tank tank
Self-drive mode in action.
https://www.barrons.com/articles/tesla-elon-musk-margin-call-twitter-loan-51672328580
(Screenshot of the important part below)
https://www.firstpost.com/explainers/explained-how-elon-musk-got-44-billion-to-buy-twitter-11525831.html
Non-paywalled sites.
So not 100% sure who is accurate here but can't find anything else to dispute it.
The Barron's piece says that Elon was originally going to put up Tesla stock for collateral as described but decided not to, which would track with both articles
His "empire" is mostly build on leveraged borrowing and hype.
But, then again, it may crash and burn first.
Parts though...
If it stays this low for a while, he's gunna get really silly
COULD NOT SHOULD TOS
#TrashTesla
#DestroyMusk
Musk is still up on the share price.
Hopefully that will change.
Does that make me a domestic terrorist?
Do they own any stock?
#Markets
#Tarriffs
#Trump
https://www.alternet.org/an-ever-stro...
The basics are already around in terms of what folks are doing to enable re-using Tesla parts to electrify old cars, and fooling those parts to believe they are still in a Tesla.
Come on $114!
Even I can’t go down that fast
Down with the king.
SHARE THIS INFO and 3 things we can do:
−27.85 (10.42%)today
Closed: Apr 4, 4:08 PM EDT • Disclaimer
After hours 238.20 −1.23 (0.51%)
to blow up⏳
and wtf would you want to buy a Tesla. They still have some of the industries' worst fit n finish. Their technology is behind their competitors (BYD), their resale value is horrible, etc.
And the board wants Leon to go. Hopefully if he steps down people will still make the connection that he OWNS this firetrap company!
Dude has 100s billions, you could wipe 99.5% of his wealth out and he would still be a billionaire.
P.S. stating facts does not make him less of a dick
To himself with another company yes, but sold.
but it's down 36% for the year (and a bit more from its peak in January, when Elon and his buddy got control.)
Keep going!
And, in the opinion of analysts, is still over-priced in case you want to sell short.
😉
The company is under delivering.
Their CEO is taken away your rights and livelihood.
FAFO!!
He's obviously taken actions in the public that have damaged the company stock and has taken no further actions to repair that damage.
That's the fiduciary duty of a CEO, ...
Don't tank your stock. That's it!
It's proper valuation has to be below $50, and once second quarter revenue numbers are published it may very well go bust.
#NaziCar
#ElonMusk
#HitlerSalute