• skozzii@lemmy.ca
    201·
    2 days ago

    Tesla is losing a pile of cash, anyone know how low it needs to go until Musk is going to get a margin call and the whole thing comes crumbling down? He has leveraged himself to the max.

    • P03 Locke@lemmy.dbzer0.comEnglish
      6·
      2 days ago

      Tesla isn’t really losing anything except a bunch of fake market value. It was incredibly overvalued, and now this market correction is sorting itself out.

      • YarHarSuperstar@lemmy.worldEnglish
        1·
        1 day ago

        Idk man friend. I’m kind of worried that this is the start of a big economic recession due to isolationist, regressive, accelerationist etc policies by far right govts.

    • TronBronson@lemmy.world
      1·
      2 days ago

      Im pretty sure it was $167. He had crossed the margin threshold once before in 2022. I’m guessing Morgan Stanley picked up some shares and dumped them. 140-167 if memory serves. Im snagging 100p for next year