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Tesla Stock Price Reaches 'Death Cross' Status
(gizmodo.com)
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this post was submitted on 16 Apr 2025
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He doesn't care. He wants it to tank because then he can buy it out and go fully private again.
That's not how any of this works.
If the stock really tanks (I've heard the magic number is $114) his loans get called & he likely has to sell xAI or SpaceX to cover.
wouldn't surprise me if he gets bailed out with tax money
Except, to buy it out, he has to first pay the creditors for the value, because he used that as collateral to buy Twitter.
If I'm not mistaken the overwhelming majority of elons wealth is in company stock (including his other companies, not just Tesla)
It might need to fall pretty damn low for him to be able to afford all outstanding shares.