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An interesting analysis about how Elon Musk could go bankrupt. (Original Post) Beakybird Dec 2022 OP
Can't See That Happening SoCalDavidS Dec 2022 #1
Yes, most people would have a certain amount of shame about going bankrupt Walleye Dec 2022 #2
While I Agree With Much Of The Author's Points... ProfessorGAC Dec 2022 #3
I would love to see him go personally broke and then deported back to South Africa. LiberalFighter Dec 2022 #4
Not much left before Elon gets margin called & the stock goes into a death spiral LetMyPeopleVote Dec 2022 #5

SoCalDavidS

(9,998 posts)
1. Can't See That Happening
Tue Dec 27, 2022, 01:54 PM
Dec 2022

Even if he lost everything he put into Twitter, and the value of Tesla collapsed, he could still sell the company for a tidy sum.

Filing for Bankruptcy means little, as rich people like Teflon Man do it all the time, and still have plenty of money.

Walleye

(31,028 posts)
2. Yes, most people would have a certain amount of shame about going bankrupt
Tue Dec 27, 2022, 02:04 PM
Dec 2022

And stiffing their creditors. These obscenely rich guys don’t have any shame,and no amount of money will buy it. Of course we can’t possibly forgive student loans because we have to teach them not to take out loans they can’t repay. Our normal middle-class morality is just for little people, like paying taxes

ProfessorGAC

(65,076 posts)
3. While I Agree With Much Of The Author's Points...
Tue Dec 27, 2022, 02:13 PM
Dec 2022

...I can't buy the conclusion the seems reductio ad absurdum.
I think the probability of all these events coalescing to the point of personal bankruptcy are so close to zero, I'll just call it zero.
But, the article makes strong cases.
Of course, I'm going to buy in to his starting premise. I've been railing against absurdly high market cap values for 10 years.

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