Birdwatch Note Rating
2022-08-10 02:21:14 UTC - HELPFUL
Rated by Participant: C857FC20B706FB751DB1DC85E3BB622DC28F8A058EDE04D26FB9BD832C1F48FF
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
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