Musk Has Heavily Leveraged His Holdings Of Tesla While Tesla's Financial Leverage Has Risen

As of year-end 2017 Musk was using more than 40% of his Tesla shares as collateral for loans. The 13.8 million shares Musk pledged as collateral amounted to a staggering $4.29 billion worth of Tesla stock

from Forbes Real Time https://www.forbes.com/sites/jimcollins/2018/05/18/musk-has-heavily-leveraged-his-holdings-of-tesla-while-teslas-financial-leverage-has-jumped/
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