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Billionaire Elon Musk personally owes $507 million to banks
short by Krishna Veera Vanamali / on Friday, 3 May, 2019
Tesla's billionaire CEO Elon Musk personally owes $507 million to three banks involved in the carmaker's stock and debt sale, a company filing showed. Musk has pledged about 13 million of his Tesla shares, which represent about 40% of his holdings, as collateral for personal debts. Those pledged shares have a value of about $4 billion at today's share price.
read more at Reuters