Quote:
Originally Posted by Ammi
…so if the platform isn’t in good financial shape, does it sponge up some of that loss as well by absorbing it into his other company and at a greatly reduced cost of its full worth…?…
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It wasn't bought outright for the $44 billion, it was bought with a $44billion loan leveraged against Tesla stock. Tesla stock prices have been plummeting, if they fall much further the lenders could have called in the loan (reposessed X, essentially). By outright buying it "from himself" but via another company, and not leveraging against Tesla stock, he removes that possibility.