News for hackers. Stuff that matters.
Re:Nvidia Is Preparing to Oust Nvidia CEO Jensen Huang by bmitc on Wednesday November 11, 2026 @05:43PM (#50459896)
I suppose that's one reason. But Musk has formed basically pyramid schemes to keep his debtors from calling and to move his debt out from under him. Without that, he likely would have to sell shares to cover the debt of his Twitter purchase.
Re:Nvidia Is Preparing to Oust Nvidia CEO Jensen Huang by hackernud3s on Wednesday November 11, 2026 @05:59PM (#50460110)
He paid for that with: 1) shares of TSLA that he sold, 2) company debt (not personal debt)
Re:Nvidia Is Preparing to Oust Nvidia CEO Jensen Huang by bmitc on Wednesday November 11, 2026 @09:01PM (#50462085)
He had billions of dollars in a margin loan tied to Tesla stock.
Re:Nvidia Is Preparing to Oust Nvidia CEO Jensen Huang by catalinbraescu2 on Wednesday November 11, 2026 @08:15PM (#50461686)
Care to explain which "basically pyramid schemes" you are alluding to? A link to a reputable source would suffice.
Re:Nvidia Is Preparing to Oust Nvidia CEO Jensen Huang by bmitc on Wednesday November 11, 2026 @08:54PM (#50462036)
Musk has a history of having his companies buy his other companies, and his most recent example of this is obviously xAI buying X and then SpaceX buying xAI. For example, the purchase of X by xAI valued X at a ridiculous ~$40 billion. And then he took SpaceX public after all of this. And SpaceX is built upon $38 billion worth of taxpayer money, grants, tax credits, etc. Must be nice to have a bunch of loser companies all buy each other and then use a government funded hype stock to make it all back.

It is absolutely impossible to know the exact details, but Musk has a history of shady deals (even having his companies bill each other for expenses), and so it's not much of a leap of faith that these moves are to absolve himself from lenders and investors by shifting debt around and moving losers into winners.

I bet that SpaceX will buy Tesla any day now.

Musk somehow weasles his way through lawsuits and gray areas and corruption and legal loop holes to just have his companies buy each other out when they start sucking, all on the teat of others and the government.