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Musk's financing is secured in part by his Tesla stock. Rumor had it that $740 was the share price where the lenders had the contractual right to withdraw their financing. As I write this, TSLA is $716. (Don't remember where I read that; but whether or not it's the actual price, I'm sure such a clause exists.)


The margin loan required less than 40% drop in price

https://www.nytimes.com/2022/05/06/business/elon-musk-tesla-...

He's currently trying to ditch the margin loan: https://www.bloomberg.com/news/articles/2022-05-12/musk-seek...




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