I hadn’t paid much attention to Elon’s margin loan for a long time because he was so far from a margin call, but someone nudged me to take a look. Here is a quick analysis. Musk could be pretty close to a margin call. https://t.co/8aQp9t6UIQ

Notes: March 31, 2022 numbers are from the most recent proxy. I adjusted share quantity for stock split. Max loan value is based on Tesla’s 25% max LTV policy for officers.

To consider possible number of shares pledged currently, I simply divided the value pledged a/o March 31 by yesterday’s closing price. Obviously, Musk can pledge more shares than he owns, so this number is too high, but demonstrates the problem Elon faces.

Oops: obviously Musk CAN’T pledge more shares than he owns.