### Comment:
You're absolutely right. No way is a bank going to only take a 50% haircut on such a volatile equity. Likely in the 20%-40% range

### REPLY:
Most banks won’t lend on single lines of stock and those that do will give way more than a 50% haircut. Most generous I ever saw was a 10%LTV, though to be fair, I don’t bank Elon Musk.

### END.