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#collateral

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The Hilarious Reason Why Elon Musk Is Panicking Over Tesla Stock Value...
newrepublic.com/post/192687/el

"In a 2024 #SEC filing, #Musk was listed as holding... shares of #Tesla stock that were “pledged as collateral to secure certain personal indebtedness.”...

It’s unclear exactly how much of Musk’s shares are held in #collateral now...

If the #stock price goes low enough, the banks Musk borrowed from could force him to sell his shares"