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Financial risks involved in Elon Musk's interconnected holdings in Space X, Tesla and Solar City, with large personal loans using his shares as collateral to support companies in difficulty
04/28/2016
Following the problems of Valeant Pharmaceuticals with shares dropping 14% in one day, this report in the WSJ looks at the risks Elon Musk is taking with personal loans using collateral in Tesla to support Solar City. Musk says its not a house of cards because he is only doing this because he feels he should take some of the risk when shareholders are taking risk. Yet the shareholders are closely connected with venture capital companies in which Elon Musk has connections and relatives all interconnected in this arrangement, creating an unusual and risky arrangement, says WSJ
Grouped Articles
Elon Musk Supports His Business Empire With Unusual Financial Moves
Wall Street Journal 04.28.2016
Elon Musk Faces Cash Squeeze at Tesla, SolarCity
WSJ 09.01.2016
Tesla Bonds Tumble in Sign of Concern Over Finances
WSJ 08.21.2017
Cash Gets More Precious at Tesla
WSJ 08.02.2017
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