this post was submitted on 18 Mar 2025
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The Tesla protests are working. (www.youtube.com)
submitted 1 day ago by [email protected] to c/[email protected]
10 comments fedilink hide all child comments
 

Elon’s not invincible, and now we have proof.

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[–] [email protected] 33 points 1 day ago (1 children)

Nice watch. The super rich like fElon are seemingly not paying with their stocks as claimed in the video but with loans they get from banks for very good conditions using their stock as guarantees. So when the stock price drops it might be worth less than the loan being granted. In that case the bank can demand the sum immediately causing the whole card house to collapse.

It's being described here (German).

[–] [email protected] 1 points 18 hours ago

Surely aren’t taking out loans for an amount so large it would destroy them. It would still be a loss on top of a loss. And maybe force them to sell some shares unexpectedly.