• Kethal@lemmy.world
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    11 months ago

    This is will beyond my knowledge. I imagine if they seized his shares that would have a huge negative impact on TSLA stock price, potentially making them worth less that they could have sold the debt for. I think if he doesn’t pay, the banks are in for hurt no matter what.

    • atocci@kbin.social
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      11 months ago

      That’s a good point, it’s strange they accepted shares as collateral at all then if just claiming them can cause them to tank in value.