Tesla backlash continues as the stock nosedives and Musk pushes conspiracy theories about protests and arsons at dealerships.
  • gasgiant@lemmy.ml
    0·
    2 days ago

    Didn’t he buy twitter with a loan backed by his Tesla stock?

    If that’s the case and the price is falling enough then the bank could/have called that in. Resulting in the forced sale of his stock.

    Which would be very funny.

    • NutWrench@lemmy.mlEnglish
      0·
      1 day ago

      If self-preservation is an instinct these banks possess, they should all be calling in Musks loans right now.

      • piccolo@sh.itjust.works
        0·
        1 day ago

        The banks bankrolled twitter to create a controlled propaganda outlet and enabled their boy to directly influence the federal government. I think their investment turn out very well for them.

        • h6pw5@sh.itjust.worksEnglish
          0·
          1 day ago

          And they’re undoubtably confident a taxpayer bailout would fill any loss that might occur. And it’s unfortunately a solid bet.