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Jane Woodside's avatar

I do understand financial stuff. Wrote and reviewed loan documents for multi-million dollar projects (mostly in the municipal and nonprofit arenas). We aren’t privy to the actual terms of the loans Musk took to buy Twitter but I guess it’s known that they are secured by Tesla stock. That acquisition was finalized in October 2022. The value of Tesla today has dropped a lot from its recent highs but is still above its value at that time-but not by much. It is pretty likely that Musk will be asked to provide additional collateral if the value of the shares dips under 200 - right now it’s about 250. They have the “power” to call the loans but that won’t happen. When you owe the banks a little they own you, when you owe the banks a lot, you own them. He’s got cash streams from government contacts to play with too. But campaigning for the position of “most hated man in the universe” could take Tesla much lower. That plus an unchecked Ketamine addiction could take him out. One can only hope.

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Jessica Weingarten's avatar

Thanks, Jane for the context. Yes, we can only hope that the Tesla stock completely craters.

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Richard Weingarten's avatar

Still don't know how you can read all that stuff and still have time to write about it, have to do your job, and have a few minutes to breathe. Boggles the mind. But however you do it please keep doing it.

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Jessica Weingarten's avatar

I no longer sleep.

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am rasmussen's avatar

Fascinating articles within your email...thank you🌸

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Jessica Weingarten's avatar

So glad you enjoyed it. I really enjoyed it, too.

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Libby's avatar

Am delighted that Tesla stock is cratering; but it’s affecting markets along with tariffs info. Thus market is way DOWN from highs when Biden in office which is affecting IRAs & 401ks.

Many thanks to judges who have reversed DJT’s firing orders. But whoever said. djt had a brain.

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Jessica Weingarten's avatar

Yup. And it's going to crash even more.

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Sharon Bennett's avatar

Did you know that Vanguard, headquartered in the Malvern, PA area is the second largest Shareholder of Tesla????

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Jessica Weingarten's avatar

Not exactly. Vanguard doesn't really "own" anything -- they package various stocks, bonds and other vehicles into mutual funds and ETFs. These vehicles are passively managed, for example, any "total stock market" fund from any provider, just gets a bit of everything, similar for the 500 index funds. The people who actually OWN the shares are those individuals who invest in the funds and ETFs. While I detest Vanguard for a host of other reasons -- it's NOT like the company just directly bought the 7.2% of Tesla that shows on their books. Vanguard, the company, owns nothing. They fund their operation through various fees charged to their investors.

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