Mikko AlasaarelaDec 31, 2022

That's a lot of money to lose by tweeting.

#twitter #elon

Show threadJos Schuurmans (EN)Dec 31, 2022
@alasaarela https://www.bloomberg.com/news/articles/2022-12-30/elon-musk-becomes-first-person-ever-to-lose-200-billion (gated)
Show threadMartin Vermeer FCDDec 31, 2022
@josschuurmans @alasaarela 'Wealth' does a lot of work here. Those were never real dollars that could be spent. It's the exchange value of stock he owns, aka 'power'. That power hasn't diminished much (yet; though he has been forced to sell some).
Show threadMikko AlasaarelaDec 31, 2022
@martinvermeer @josschuurmans He does run a real risk of being margin called for his Twitter bullet loans because the value of the collateral stock has plummeted.
Show threadMartin Vermeer FCD
@alasaarela @josschuurmans Didn't he already sell some of his Tesla stock?
Dec 31, 2022 at 12:50pmWeb
Show threadMikko AlasaarelaDec 31, 2022
@martinvermeer @josschuurmans Yes, but he also has 13 billion in bullet loans that are collateralized with his Tesla stock.