Yep.

And it is a lot of Tesla stock he had to put to cover that much.

The banks won’t hold it or even accept it directly tho.

Musk would have to sell all that stock, which would crash the stock price. Meaning he has to come up with the money from somewhere else.

The whole thing is a house of cards and has a chance to completely wipe him out. He’s over leveraged, it’s not that complicated.