In today’s briefing:
- Elon Sold More Falling Tesla Stock. Margin Calls? Twitter Failing? Bank Demands? Likely All Three.
- Morning Views Asia: Central China Securities
Elon Sold More Falling Tesla Stock. Margin Calls? Twitter Failing? Bank Demands? Likely All Three.
- Elon Musk sold billions more of Tesla near 2-yr lows, signaling he & Twitter need serious cash NOW.
- His banks know why—they hold Elon’s margin loans and they get Twitter’s financial info every month.
- And the banks want Elon to buy back from them Twitter’s riskiest LBO debt, which they can’t sell because of how fast he is destroying Twitter’s business and prospects.
Morning Views Asia: Central China Securities
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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