this post was submitted on 13 Jul 2023
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Elon, like Trump, has no money. He has credit and idiots willing to give it to him.
Oh yeah, definitely doesn't have literal billions in Tesla/SpaceX stock that he could liquidate.
I'm so sick of people who clearly don't understand how money works giving their opinions. I don't like Elon any more than the next guy but the internet has truly shown me how hatred of someone leads to the smoothest brain takes imaginable.
For which they usually use their stocks as collateral, right?
Read the first sentence "Elon, like trump, has no money."
That's objectively untrue, he has money tied up in non liquid assets that he can sell at whatever their retained value is.
What he's using that for in terms of collateral is irrelevant when he absolutely has plenty of money waiting to be returned to his bank the moment he gets tired of running businesses.