Birdwatch Note Rating
2022-08-10 14:07:00 UTC - SOMEWHAT_HELPFUL
Rated by Participant: A85F927C9E2230CA97A16F2D42A0863AE8F865C26076FFD7493E49F75D5CC756
Participant Details
Original Note:
Elon Musk exchanged billions of dollars of his Tesla shares on margin for a loan in his bid to buy Twitter. This means if he cannot pay back to the loan, or Tesla shares drop to under $740, the bank will start selling his shares for him, not Musk himself. https://finance.yahoo.com/news/heres-much-tesla-stock-fall-164620550.html https://www.bloomberg.com/news/articles/2022-04-26/musk-loses-32-billion-in-tesla-wealth-underscoring-margin-risk
All Note Details