Today Musk Discloses That The "Margin Loans" Are Terminated. He Is Looking For Other Ways To Do The Twitter Deal, Formally Now...

Not a surprise, by any stretch. After Tesla stock nosedived, his prior margin-call commitments were set to become quite onerous. In fact, the Twitter deal has been widely seen as dragging down Tesla's stock, since the two were stapled at the hip by his foolish margin loan structure.

So this evening, he discloses that the margin commitment is no more, and he is working on other ways to satisfy his purchaser obligations.

To be fair, while this can be read as good news for long suffering Tesla shareholders. . . it also makes it increasingly easy to pay his $1 billion kill-fee and walk away. He may do so, by simply saying he did not find acceptable other means of financing the offer he's made.

We shall see -- but with Twitter trading at around $37/share today, the market plainly now has a view that it is 60-40 against, on probabilities of a deal closing.

You heard it here, first.

Out, grinning. What a feckless tool this guy has turned out to be.

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