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Comment on Tesla is banned from Canada EV rebate program, gov freezes suspicous $43 million in rebates
ExcessShiv@lemmy.dbzer0.com 2 weeks agoDoesn’t he only own like 13% of the stock in Tesla? His wealth is barely affected by Tesla going bankrupt
sndmn@lemmy.ca 2 weeks ago
ExcessShiv@lemmy.dbzer0.com 2 weeks ago
Yeah I’m just chilling over here pointing out facts that it takes more than bankrupting Tesla to financially hurt that psycho…
NOT_RICK@lemmy.world 2 weeks ago
Having been first listed on the Forbes Billionaires List in 2012,[4] around 75% of Musk’s wealth was derived from Tesla stock in November 2020.
ExcessShiv@lemmy.dbzer0.com 2 weeks ago
Key thing here is WAS…past tense, it isn’t anymore since the whole xitter debacle which forced him to sell most of his stocks in it.
Tyfud@lemmy.world 2 weeks ago
Yes, but that 13% is massively leveraged. So it would significantly impact his ability to pay his loans that use those shares as collateral.
ExcessShiv@lemmy.dbzer0.com 2 weeks ago
That’s true, everything helps I guess
Klear@lemmy.world 2 weeks ago
Yeah, we don’t need a silver bullet.