Birdwatch Note Rating
2022-08-10 20:49:16 UTC - SOMEWHAT_HELPFUL
Rated by Participant: B9EA54680B5F3D6538FD4EC49D92D3A749677AC19D5DF3A7BDEA26D2D4DA31D1
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