I kinda wonder about this in regards to the weird way these people structure their money/finances against their wealth. While I’m sure Elon’s bank account shows not figures then mine ever will, it’s my understanding is a lot of the “wealth” is tied up in assets like stock etc, and they then borrow against the stock for actual liquid cash-flow, such Elon did in order to buy X.
So my hope is still that at some point, Tesla takes enough of a dive that the bank makes a call and if he doesn’t have enough liquid capital to pay back the loans he might get outsted. Having Tesla survive sans-Elon would be great IMO
It’s also one of those things (I Imagine) that cliche… if you owe the bank 100$ that’s your problem if you owe the bank $100 million that’s the bank’s problem lol
I kinda wonder about this in regards to the weird way these people structure their money/finances against their wealth. While I’m sure Elon’s bank account shows not figures then mine ever will, it’s my understanding is a lot of the “wealth” is tied up in assets like stock etc, and they then borrow against the stock for actual liquid cash-flow, such Elon did in order to buy X.
So my hope is still that at some point, Tesla takes enough of a dive that the bank makes a call and if he doesn’t have enough liquid capital to pay back the loans he might get outsted. Having Tesla survive sans-Elon would be great IMO
It’s also one of those things (I Imagine) that cliche… if you owe the bank 100$ that’s your problem if you owe the bank $100 million that’s the bank’s problem lol