Musk deposited almost 236 million Tesla shares for loans

Austin (dpa-AfX)-Tech billionaire Elon Musk has deposited a large part of his Tesla shares as security for personal loans. As from the updated annual report of the Electric car-Musk used manufacturers for 2024 to use almost 236 million shares.

For the current course, so many shares would be worth around $ 66 billion (around 58.3 billion euros). The loans that Musk secured with it must be drastically lower. Because the annual report also shows that he can use Tesla shares for a maximum of $ 3.5 billion – and that he complied with this limit.

Musk was attributed to a total of 714.75 million Tesla shares in the annual report on the date of December 31, 2024. He already kept almost 410.8 million of them, around 304 million were led as he was entitled but not yet redeemed. After an investor lawsuit, Musk has to worry about a large stock package promised in 2018.

$ 300,000 for Musk-Bruder company

The information provides at least a small insight into the finance Musk, which is considered by far the richest person in the world with an estimated assets of more than $ 300 billion. In principle, it was already known that he picks up secured loans for personal expenses with stocks. Musk also has a high level of participation in the space company SpaceX and the AI ​​company Xai belongs.

The annual report also lists business between different musk companies. Xai bought battery storage from Tesla for a good 198 million dollars in 2024 and for another almost $ 37 million until February of this year. The drone company Nova Sky Stories, led by Musk’s brother Kimbal, again paid Tesla around $ 300,000 for the organization of an air show.

Selected leverage products on Tesla

With knock-outs, speculative investors can participate disproportionately in price movements. Simply choose the desired lever and we will show you suitable open-end products on Tesla

The lever must be between 2 and 20

Advertising