Elon Musk may want to sell Tesla stock to cover his personal debts?
Michael Burry suggested Elon Musk might want to sell some Tesla stock to cover his personal debts. ![]()
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Musk recently offered to sell $6 billion worth of Tesla stock if UN bosses could explain to him how the sum would solve world hunger. The Tesla CEO also launched a Twitter poll asking whether he should sell 10% of his holdings, citing pressure from US lawmakers who are pushing for a "billionaire tax" that would target the ultra-wealthy's unrealized stock gains.
Burry's tweet implies those might just be excuses. The investor of "The Big Short" fame and head of Scion Asset Management posted a link to a SEC filing in August, which noted that Musk has pledged about 88 million shares, or 36% of his total stake, as collateral for personal loans as of June 30. ![]()
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Soulstalker : must have owe alot money .. whale debt..
edwinkx : finance analyst seems to like to akin many boosted stock tickers (and crypto) as the tuilip bubble.. its not a surprise that it has to come to this that he sells off to repay some debts. if anyone is in for the short term then yes price is a tad high now.. otherwise tbh might as well hold for the long run
karimson : i suggest 50 to 75% cash reserve to prepare for market crash neg 80% ssp500 in 2021 season finale end.
GonnaRain : Burry is a hack. His advice sucks too
知道賣股票的才是師傅 : Will Burry short the ?$#@$ out of it
Silverbat : Gossip!
102540679 : Nothing has changed.. Just shorts trying to stir shit. Time to be objective
xela888 :
xremy : Tax.. Paid, Stop World Hunger..
101842143 Faye : Latest