Enough Musk Spam
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It'd be in the banks' best interest to not sell the debt then, right? Unless they think they can get more for it than the shares are worth.
This is will beyond my knowledge. I imagine if they seized his shares that would have a huge negative impact on TSLA stock price, potentially making them worth less that they could have sold the debt for. I think if he doesn't pay, the banks are in for hurt no matter what.
That's a good point, it's strange they accepted shares as collateral at all then if just claiming them can cause them to tank in value.