He doesn't even need to repay the loan. He can just let it default and let the bank take the stock he used as collateral and then just let them sell to cover his loan.
The worst part? He can do this, make billions every year, and not a fucking penny of it is taxable because it's in loans.
The companies aren't "really" worth $1 Trillion+ each. Today's IPO only had $75 billion in stock available. Musk essentially owns the rest.
But here's the shitty thing: He never needs to sell his stock to get cash for it. He just needs to take a loan against it.
The people saying Musk is a "trillionaire" are missing one small fact: He's only a trillionaire as long as he doesn't sell his stock. The moment he starts divesting, he will devalue all the stock he owns.
That's how large a percentage he owns in Tesla and SpaceX.
There are 23,000 people watching a live stream of them putting up the scaffolding to take Trump's name off the Kennedy Center.
There are hundreds of people braving 96 degree heat in DC just to watch the name come down.
Maybe they should have just painted the reflecting pool green. 🤔
www.politico.com/news/2026/06...
Say it with me: I never thought...
www.nbcnews.com/news/us-news...
To put into perspective how much money $1 trillion is.
If you earned $1 million per hour, it would take you more than 114 years to earn $1 trillion.
If you earn $100 an hour, it would take you more than 1.1 million years.
Trillionaires should have their assets taxed and seized.