• phoenixz@lemmy.ca
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    7 months ago

    Small reminder that Elon Musk doesn’t have that money in his bank account.

    The only reason why his net worth is that high is because he has stock in the stupidly overinflated (and now quickly deflating) Tesla.

    He had to pull loads of stock from tesla to buy twitter (after he was forced to do so by courts because he said he would) and still had to borrow money because he simply doesn’t have 44 billion. Quick side note: payments with interest for those loans are due, good luck paying those billions from a company that lost.over half its value, asshole!

    If he pulls all his tesla stock then telsa would completely crash, he’ll never get access to anything near 166 billion.

    I’m sure he has a few millions in liquid assets, but he is VERY far from making millions per day. The way he’s going right now, his ex wife better hurry because he’ll be bankrupt within a few years.

    • Teritz@feddit.de
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      7 months ago

      His Money in the Bank Account and his Net Worth are 2 different Pairs of Shoe but Elon takes a Credit for Multiple Millions (cheaper than having a Wage) and then giving them Stocks as Security.

      He totally can afford to have his Child getting more than 33k in a Year.