TZUTC: -0700   
   MSGID: 952.consprcy@1:218/1 2c4fd6b3   
   REPLY: 769.consprcy@1:2320/105 2c4e87a2   
   PID: Synchronet 3.20e-Win32 master/f99713f33 Mar 06 2025 MSC 1942   
   TID: SBBSecho 3.23-Win32 master/f99713f33 Mar 06 2025 MSC 1942   
   BBSID: REALITY   
   CHRS: CP437 2   
   -=> Mike Powell wrote to KURT WEISKE <=-   
      
    MP> It does sound fishy, and like bad business, but I am not seeing the   
    MP> connection between buying X/Twitter outright and preventing the chance   
    MP> of a Tesla margin call.  How does Musk buying X/Twitter solve Tesla's   
    MP> woes?   
      
   It solves Musk's woes. If Tesla stock had dropped too much lower, the   
   bankers who financed the X deal could have done a margin call - told   
   Musk he needed to provide more collateral because the original   
   collateral's value had dropped too low.   
      
   Doesn't help Tesla, specifically. I'd be curious if I was an xAI   
   investor and saw a significant part of our company stock go to buying X.   
      
   But, this way, Musk can pay off the loans for X with funding that xAI   
   was provided, taking the dependency on the Tesla stock price. Maybe now   
   he'll get out of Tesla, since he can dump his stock without concern for   
   the price? Naw, he doesn't need the money now.   
      
      
      
      
      
       
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