Can someone explain why would he take out loans to buy up shares in the first place? Just to increase his personal holdings for a hopefully larger return? To ensure he is the largest single stockholder? I'm not that knowledgeable about investing, but when I was reading up on margin trading just now I learned you cannot do it on an IPO. That means the money from his purchase wouldn't have gone to Solar City/Tesla but just whoever happened to own the stock he bought. So am I correct in concluding that his purchase would not directly benefit the companies?
I believe his original, public statement on this was to show how confident he was in Tesla as a company. Because outsiders were knocking him left and right and commenting on his unimpressive share holdings at the time.
