American who snatched baby wombat from its mother being reviewed for Australian visa breach
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The Hilarious Reason Why Elon Musk Is Panicking Over Tesla Stock Value
Donald Trump even bought a Tesla to try to help bolster sales.
Donald Trump transformed the White House into a car dealership to save Elon Musk’s floundering Tesla stock—to keep him from defaulting on his massive loans.
Trump took a shot at being a shady car salesman Tuesday during a press event for Tesla at the White House. The president posed for photos behind the wheel of a Tesla he apparently can’t drive with a grinning Musk, remarked with astonishment that “everything’s computer” in the futuristic vehicles, and even read from what appeared to be a sales pitch sheet listing prices for different Tesla models.
Trump’s desperate show of fealty toward the bouncing billionaire came after Tesla stock plummeted 15 percent Monday, drying up the very last drops of Musk’s postelection gains and costing him a whopping $29 billion.
But it seems Trump’s rather unpresidential measures to boost Tesla’s floundering stock could serve a greater purpose: keeping the not-so liquid Musk from defaulting on his loans.
The Washington Post reported in April 2022 that Musk had already used more than half of his more than 170 million Tesla shares as collateral to acquire loans, and planned to do so again to borrow more money to buy Twitter, now X.
Musk acquired X for $44 billion in October 2022, borrowing roughly $13 billion from several banks, including Morgan Stanley, Barclays, and Bank of America. Musk’s loans had been “hung” on those banks’ balance sheets for nearly two years, longer than some unsold deals from the 2008 financial crisis.
Reuters reported last month that interest in acquiring Musk’s debt increased after Trump secured the White House and Musk emerged as his number two. At the time, only $1.3 billion remained on the banks’ sheets.
In a 2024 SEC filing, Musk was listed as holding a whopping 238,441,261 shares of Tesla stock that were “pledged as collateral to secure certain personal indebtedness.” At the time, he held 715,022,706 shares in total, according to the filing, meaning that roughly one third of Musk’s shares were serving as collateral for his loans.
It’s unclear exactly how much of Musk’s shares are held in collateral now. Musk currently owns 410 million shares of Tesla stock, a roughly 12.8 percent stake in the company, according to Investopedia. The value of those shares, including those held as collateral, appears to be dropping every day he plays pretend as the unelected bureaucrat leading the Department of Government Efficiency.
Here’s where Musk’s problem emerges: If the stock price goes low enough, the banks Musk borrowed from could force him to sell his shares.
Tesla warned that this could happen in its annual filing in 2022, according to The Washington Post. That, in turn, could make things even more dire for the car company.
“If Elon Musk were forced to sell shares of our common stock that he has pledged to secure certain personal loan obligations, such sales could cause our stock price to decline,” Tesla wrote.
“We are not a party to these loans,” the company added.
It already seemed like Musk was going to have trouble paying back his loans for X. Last year, the social media company reported that its value had plummeted by more than half, to around $19 billion. When the banks formulated a plan to restructure the loan, X didn’t follow through, The Wall Street Journal reported at the time.
Tesla stock was doing slightly better on Wednesday, as a result of an uptick in the wider market caused by a report that inflation had eased slightly in February.
This story has been updated.
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"It's meeting someone's family and you're like, "Oh. I see why you're crazy!"
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Stephen Graham reunites with Boiling Point director Philip Barantini for British crime drama Adolescence on Netflix.
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Jack Quaid has chops that could take him much further than this violent live-action cartoon marked by cringeworthy misfortune and a distinct lack of consequence.
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“It’s coming, let’s face it.”
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Kim Kardashian reveals she had to return her engagement ring to Kris Humphries in their 2011 divorce, despite paying for it herself. The reality star, who’s been married three times, shares the status of her engagement rings on the latest episode of ‘The Kardashians,’ as she and Khloe fly to India for the wedding of billionaire heir, Anant Ambani. Kim shares that her diamond from Kanye West's 2013 proposal will be passed down to their eldest daughter, North West. 'The Kardashians' streams Thursdays on Hulu.
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Dakota Johnson was splattered with blood while filming 'Verity' in New York City on March 12, 2025. See photos here.
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Twitter (X), Inc. was an American social media company based in San Francisco, California, which operated and was named for its flagship social media network prior to its rebrand as X. In addition to Twitter, the company previously operated the Vine short video app and Periscope livestreaming service
Twitter (X) is one of the most popular social media platforms, with over 619 million monthly active users worldwide. One of the most exciting features of Twitter (X) is the ability to see what topics are trending in real-time. Twitter trends are a fascinating way to stay up to date on what people are talking about on the platform, and they can also be a valuable tool for businesses and individuals to stay relevant and informed. In this article, we will discuss Twitter (X) trends, how they work, and how you can use them to your advantage.
What are Twitter (X) Worldwide Trends?
Twitter (X) Worldwide trends are a list of topics that are currently being talked about on the platform and also world. The topics on this list change in real-time and are based on the volume of tweets using a particular hashtag or keyword. Twitter (X) Worldwide trends can be localized to a Worldwide country or region or can be global, depending on the topic's popularity.
How Do Twitter (X) Worldwide Trends Work?
Twitter (X) Worldwide trends are generated by an algorithm that analyzes the volume of tweets using a particular hashtag or keyword. When the algorithm detects a sudden increase in tweets using a specific hashtag or keyword, it considers that topic to be trending.
Once a topic is identified as trending, it is added to the list of Twitter (X) Worldwide trends. The topics on this list are ranked based on their popularity, with the most popular topics appearing at the top of the list.
Twitter (X) Worldwide trends can be filtered by location or category, allowing users to see what topics are trending in their area or in a particular industry. Additionally, users can click on a trending topic to see all of the tweets using that hashtag or keyword.