Quote:
Originally Posted by Icantwhisper
Unfortunately, Tesla can go bankrupt and Musk will be fine, he owns 12% of Tesla but 42% of SpaceX. Even though Tesla has the higher market value the majority of his wealth comes from SpaceX.
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Musk has leveraged his Tesla shares to fund SpaceX and the Twitter purchase. Twitter is worth #### all, so as Tesla stock drops, creditors are going to get antsy. If Tesla goes bankrupt(not likely) Musk is absolutely ####ed(barring, obviously his position as king consort).
But it doesn't need to go bankrupt, it just has to drop below his leveraged price, which is suspected to be higher that $120 or so. And if reality sets in that FSD is not anywhere near good enoguh to run a robotaxi business, let alone justify the sales of FSD for the past decade, it could easily drop below that.
https://www.splinter.com/tesla-is-cr...ose-his-riches