business

Elon Musk owes $507 million to banks helping Tesla raise capital

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By Noel Randewich

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Rich Dad Poor Dad would call this good debt; that is, it's not like student loans that you're stuck with. Musk could always declare bankruptcy. This is debt that you use to make money, and will likely be paid off or written off.

After all, if I owe the bank $100,000 and can't pay it back, I'm in trouble. If I owe the bank $100 million and can't pay it back, the bank is in trouble.

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Had battery operated car as child. Batteries kept dying.

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