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Comment by layer8 | Hacker News Reader

He’d have no trouble borrowing money against his assets though. As far as I know, that’s what most billionaires do.

There are limits to how much he can borrow against his assets, both due to banking risk models and Tesla bylaws. He's too close to those limits already to borrow another $20B.

>He's too close to those limits already to borrow another $20B.

What are the limits and where is he now? Please tell us.

You have no idea how much money he has, how much connections he has, how many VC's, bankers, nationstates are willing to put money behind him. you hve no idea how much Eth, BTC and DOGE he has. He's up at least %14,000 on Doge from when he started tweeting about it.

You have no idea how rich this man is, people need to stop acting like they do.

How wrong you were. https://www.reuters.com/business/musk-tears-up-buyout-playbo...

"Musk himself has committed to put up $33.5 billion, which will include $21 billion of equity and $12.5 billion of margin loans against some of his Tesla Inc (TSLA.O) shares to finance the transaction"

Even billionaires don't just borrow $21 billion.

'Just' is doing a lot of work in this assertion.

He just borrowed $25.5 billion[0]. So your assertion is false. The issue is coming up with $21 billion worth of equity which is contingent upon TSLA stock price.

>[0]https://twitter.com/exec_sum/status/1517137710699458560?s=21...

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