r/politics • u/Quirkie The Netherlands • Mar 06 '25

Soft Paywall Elon Musk Suddenly Doesn’t Want Credit for Disastrous DOGE Cuts - Musk is warning Republicans to stop blaming DOGE for the cuts.

https://newrepublic.com/post/192415/elon-musk-warns-republicans-doge-job-cuts
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u/Kiromaru Wisconsin Mar 06 '25

Tack on the fact that part of the loan he got to buy Twitter had a bunch of his Tesla stock as collateral means the banks will be on his ass once Tesla stock gets low enough that they want either more collateral or bigger payments on the loan.

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u/johannthegoatman Mar 07 '25

Banks won't be on his ass as long as he's first lady, just like Trump gets away with everything. Otherwise they'll make some new executive order to fuck them

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u/Narrow-Chef-4341 Mar 07 '25

It’s a possibility, but banks really, really like money - don’t underestimate that.

If they end up forcing him to sell Tesla stock because of a margin call, that’s not good for him. If the Fanta Fascist stops thinking he’s a magician and realizes he’s a loser, he’s on the curb faster than Tiffany Trump.

The question isn’t if the banks will demand more, the question is which bank demands the least ‘more’