Musk uses 236 million Tesla shares to secure his loans

Musk uses 236 million Tesla shares to secure his loans

USA - Elon Musk recently deposited a large part of his Tesla shares as security for personal loans. According to Tesla's updated annual report for 2024, Musk used around 236 million of his shares, which reach a value of around $ 66 billion (approx. 58.3 billion euros) at the current course. The loan volume that Musk can secure through these collateral is a maximum of $ 3.5 billion. As of December 31, 2024, Musk held a total of 714.75 million Tesla shares, of which almost 410.8 million were already in his possession, while around 304 million were led as he was entitled to.

While he is the richest person in the world with an estimated assets of more than $ 300 billion, Musk also sees challenges. He recently received a lawsuit from investors who relate to a large stock package that he prospect in 2018. In addition to Tesla, Musk has significant participations in the space Company SpaceX and the AI company Xai. His companies have also suffered from financial pressure in recent years, especially with regard to the purchase of Twitter, which now operates as X.

financial challenges and protection

according to reports, Musk is faced with a cash problem that was significantly caused by buying Twitter for $ 44 billion. Since its takeover, the value of X has decreased by almost 80 percent to around $ 9.4 billion. To finance the purchase price, Musk sold almost 60 percent of his Tesla shares and secured loans from seven banks.

The loans of the banking consortium, which X also took up $ 13 billion, are due by 2027 and 2029. The banks rely on the fact that Musk will be able to make these repayments. This is also supported by the fact that experts appreciate that Musk could receive up to $ 15 billion from the US government for SpaceX, the value of which is currently estimated at $ 350 billion, which corresponds to a doubling in just one year.

shops between Musks companies

The Tesla annual report also lists several shops that took place between Musk's companies. Xai 2024 Battery storage from Tesla bought a good 198 million dollars and another $ 37 million by February 2025. Furthermore, Tesla paid around $ 300,000 for the organization of an air show. These transactions show the internal financial interdependencies between Musks.

Despite its immense financial resources, Musk remains exposed to increased economic pressure, while at the same time making strategic decisions to navigate his business in an increasingly volatile market.