Elon Musk may have to sell billions in Tesla stock to rescue X
Elon Musk may have to sell billions in Tesla stock to rescue X
Plunging U.S. revenue at X risks opening up a "massive hole" on its balance sheet that Musk needs to plug to stave off its financial collapse.
I have a spare pair of bootstraps if anyone needs
Point and laugh.
This super-genius real-life-Tony-Stark has revealed himself to be a chaotic doofus incapable of running a successful company when he's not insulated by more capable people.
I thought the Tesla board approved a massive bonus for him. Where did that money go?
The bonus was in stock. It was pretty much just replenishing the stock he dumped when he was buying twitter.
wouldn’t life be easy if you could just use everyone else’s money for whatever you want
Why tho? He doesn’t need it to be profitable, he already has it as his own echo chamber. Any more money in is just sunk cost fallacy to bring back people he’s happy to see gone in the first place.
“It’s my house and I’ll shoot out the windows if I want to,” Musk was heard screaming, yesterday.
Because his shareholders will sue the shit out of him if he doesn't turn it around.
This, and if he doesn't keep burning money, What-Was-Once-Twitter's ebbing audience will ebb faster.
Tee hee.
