News for hackers. Stuff that matters.

A comment on Musk announces funding secured for Twitter buy. Parent comment

Re:Musk announces funding secured for Twitter buy by kjksf on Thursday April 21, 2022 @02:22PM (#31113293)
Tesla is not the lender, Musk's broker is.

Therefore Tesla has zero input into margin rate broker decides to give Musk.

[ Parent | on HN ]
Re:Musk announces funding secured for Twitter buy by colinmhayes on Thursday April 21, 2022 @03:44PM (#31114305)
No, Musk has an agreement with tesla that he can only borrow against a quarter of his shares. He's already borrowed against quite a few too. Musk could go to the board to get that number bumped up, but until then he can't just borrow the full $21 billion against his shares.
[ Parent | on HN ]