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this post was submitted on 11 Mar 2025
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It's now down 18.5% on the day! I wouldn't be surprised if Elon has used a lot of his shares to guarantee loans that will now come due.
I'm searching for a source, but I have read that most of his loans, especially a big part of his twitter loan is secured through Tesla. If TSLA falls far enough the banks will order payments and that will make him effectively bankrupt. No matter what his other stocks may be worth.
Tesla insiders are notably dumping a lot of shares right now
https://electrek.co/2025/03/10/tesla-tsla-insider-trading-elons-friend-james-murdoch-just-unloaded-13-million/
He said he's fucked if Trump doesn't win.
Turns out he maybe fucked either way!