Re:Twitter Sued for Nonpayment of Rent on San Francisco Office
by Zigurd on Sunday January 01, 2023 @12:08PM
(#34208163)
There are good reasons to believe that Musk is running low on liquidity. If Musk took any margin debt at all when TSLA was above $200, that's at risk of margin calls. Published reports say Musk is among the most prolific margin borrowers, with a very high percentage of TSLA shares pledged to margin debt.
On top of that, Tesla's board is at risk of a shareholder suit if it does not enforce its own margin debt policy for board members and top management. Elon's brother is also a big margin borrower, and is subject to a 25% limit.
On top of that, Tesla's board is at risk of a shareholder suit if it does not enforce its own margin debt policy for board members and top management. Elon's brother is also a big margin borrower, and is subject to a 25% limit.