r/facepalm • u/GlitterMackenzie • Sep 02 '24

🇲​🇮​🇸​🇨​ Smarts. He has it.

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91

u/[deleted] Sep 02 '24

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114

u/CathedralChorizo Sep 02 '24

The same amount he demanded from Tesla as an annual remuneration and bonus package.

9

u/NSFWies Sep 02 '24

Oh well shit. I didn't even think of that a few weeks back when that was going on.

17

u/Gingevere Sep 02 '24

The loan is collateralized with Tesla stock. Then juuuuust when the value of the stock he owned was about to dip below the minimum collateral on the loan, the board gave him a bonus with a dollar value higher than the profit the company has made in its lifetime from selling cars.

21

u/DisputabIe_ Sep 02 '24 edited Sep 02 '24

the OP GlitterMackenzie

Corny_PandaHeart

and Nola_Glitter

are bots in the same network

Comment copied from: https://imgur.com/gallery/6jPkMLE/comment/2414836295

2

u/garnaches Sep 02 '24

Good shout

2

u/NSFWies Sep 02 '24

I think he only put up like half of his own money. So like 26 billion.

However, the yearly interest payments on the debt are like 1 or 2 billion.

So after putting up all those stock and what not as the collateral, I think he will still have to sell some, or twitter will become insolvent.

Because I don't think their yearly revenue will be covering those interest payments.

1

u/Edelgul Sep 02 '24

Now we also know whose money were wasted.

1

u/-robert- Sep 03 '24

not wasted, stole... and used to make a worst world.