azgreg Posted March 12 Posted March 12 There's some talk that with Tesla's stock dropping like it is it might cause a problem with the loan to buy Twitter since he used Tesla stock for collateral. Quote
SharkTanked Posted March 12 Posted March 12 On 3/12/2025 at 3:00 PM, azgreg said: There's some talk that with Tesla's stock dropping like it is it might cause a problem with the loan to by Twitter since it used Tesla stock for collateral. Quote
Fowl Posted March 13 Posted March 13 On 3/12/2025 at 3:00 PM, azgreg said: There's some talk that with Tesla's stock dropping like it is it might cause a problem with the loan to buy Twitter since he used Tesla stock for collateral. That's all BS. You should stop following whoever said that - they are liars out to propagandize - not dissimilar to Musk or Trump. There's no cross-collateralization with loans to Twitter - in fact most of them were refi-ed recently courtesy of the true believers secured only by the 'assets' of "X"... 2 Quote
azgreg Posted March 13 Posted March 13 On 3/12/2025 at 9:39 PM, Fowl said: That's all BS. You should stop following whoever said that - they are liars out to propagandize - not dissimilar to Musk or Trump. There's no cross-collateralization with loans to Twitter - in fact most of them were refi-ed recently courtesy of the true believers secured only by the 'assets' of "X"... OK, thanks. Did a little more digging and found this. https://www.theverge.com/2022/5/25/23141940/elon-musk-tesla-twitter-margin-loan-buyout-deal In a filing with the US Securities and Exchange Commission, Musk announced the expiration of a series of margin loans against Tesla stock, which had been included as part of his original financing plan to acquire Twitter. As part of the announcement, Musk committed to providing an additional $6.25 billion in equity financing, bringing his total commitment to $33.5 billion. Musk’s initial plan to acquire Twitter involved a combination of $21 billion in personal equity and $25.5 billion in loans. $12.5 billion of those loans was secured against Tesla shares owned by Musk. Musk cut that number in half with an earlier round of equity financing and has now restructured the deal to remove them entirely. 1 Quote
InnZoneU Posted March 13 Posted March 13 Tesla paid $0 in taxes in 2024. Pretty sweet gig to be rich and avoid paying taxes. https://itep.org/tesla-reported-zero-federal-income-tax-in-2024/ Quote
azgreg Posted March 13 Posted March 13 On 3/13/2025 at 11:51 AM, InnZoneU said: LMFAO Apparently a lot of the contracts they "cancelled" have already been paid out and closed. Quote
InnZoneU Posted March 13 Posted March 13 On 3/13/2025 at 11:56 AM, azgreg said: Apparently a lot of the contracts they "cancelled" have already been paid out and closed. I like the small print "grants are unlabeled and cannot be verified' part. Quote
AlpineSummer Posted March 14 Posted March 14 On 3/13/2025 at 11:37 AM, SharkTanked said: That song hit me when I was kid. 1 Quote
Cowboy Up Posted March 18 Posted March 18 On 3/13/2025 at 12:32 PM, azgreg said: What a horse faced thunder cunt! 🤮 Quote
renoskier Posted March 18 Posted March 18 On 3/17/2025 at 7:19 PM, Cowboy Up said: What a horse faced thunder cunt! 🤮 has she fully transitioned? glad she's not trying to play women's sports 1 Quote
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