Gregory's Server
@parismarx American financial regulators prefer not to do anything against hucksters like #Musk, as long as he's making money for the people.
Guess, what will happen when he has to sell a huge volume of his #Tesla shares to pay for the interest on his #Twitter loan. Once people start lose money in their investments with Musk, he'll go the way of Elizabeth Holmes or Trevor Milton.
@nicemicro @parismarx He already did that. Last year. Had to sell off nearly half his Tesla stake due to Twitter. Used to own a quarter of the company, had to sell down to 13,6%. Everything went wrong for him with that buy, and it cost him dearly. ;)
Note that he also owns over half of SpaceX. But that's a private company, and so is much harder to sell a stake in. He also doesn't want to go under 50%, or he'll lose absolute control over it.