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If I recall correctly he could have backed out but he would have had to pay I think 1billion as a penalty and worse admit things didnt go his way
300 Billion dollar portfolio, 34 Billion dollar loss (~22 Billion after he writes it off in “taxes”) and he has his own right-wing media company chocked full of nutters.
I don’t think he cares much about the individual Billions much these days. Half his Tesla stock is securing his debt.