this post was submitted on 24 Aug 2023
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Late Stage Capitalism
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Okay let’s say this is true. He’s colossally stupid then because he’s using his Tesla stock as collateral. Which is the bulk of his wealth.
44 billion isn't just fuck you money, he didn't want this to fail. If it does he'll be fucked.
Maybe, but there's also that small problem of entrenched white capitalists with 'fuck you' money never feel the fallout of bankruptcy proceedings or the like; not in the west. He'd shell-corp his way around all of that, and not a single motherfucker with the power to stroke a pencil in that situation would stop him.