This is why using Tesla stock to source cash all the time gets hairy. If Tesla shares fall below a certain level, the banks can call in those personal loans — leaving Musk on the hook. And the quickest way for Tesla’s stock to drop off a cliff is for investors to get wind of a big Musk sale. And of course, he needs to make sure that he still holds on to all the Tesla stock he’s pledged as collateral to the banks. Unfortunately, though, the easiest way for Musk to fill the gaping hole in Twitter’s balance sheet is to sell Tesla shares. You see how this could be a problem.
Yeah I don’t buy it. First of all, Business Insider is trash. Written by 20 year olds making minimum wage + bonus based off of impressions. Until Musk’s bottom line actually takes a hit, he’s not going anywhere. Also, can we drop the pretense already that he bought Twitter because he thought he could make it better?
Who owns business insider btw?
Edit: looked it up, it’s Axel Springer SE
Axel Springer. Those guys used to publish a good gaming magazine I used to read in my youth. Sadly, that went away.
Axel Fucking Springer is of German trash newspaper BILD of ‘WE ARE POPE’ title fame.
There is no large online journalism that I would still read without so many grains of salt that everything tastes like shit. Still hope the muskrat goes down and some of his billionaire bros with him. There will be banks going down, as usual, and then governments will ask us people to pay for all the shit that went down. I hope this time we tell them to pack it.
The gaming magazine was good though, but it deteriorated over time. And the publication ceased 2019. I stopped reading well before then.
Aw, man. Those toilet paper publishers are international now?
Why would he invest even more of his money in Twitter? If Twitter goes insolvent he loses all of his money he has invested in Twitter, but not a dime more. Currently Twitter looses so much in value that every dollar he invests is just lost money. No reason to increase his investment.
If Twitter goes insolvent he looses all of his money he has invested in Twitter
He has also lost the money other people invested with him, like the Saudi Royal family.
Money comes and money goes but bone saws are forever…
They don’t give a shit about that money.
Investors like the Saudi care about the influence.
Exactly. Money for influence, except without twitter there is no influence or money and the Saudis are used to getting what they paid for.
Elon Musk’s luck has finally run out
LMFAO, you can keep telling yourself that if it makes you feel any better, but he could lose both tesla and twitter and still be one of the richest and most powerful people to have ever lived, who wouldn’t have to ever work again even if he lived a thousand years more…
This article 100% a distraction that serves to make the oblivious and/or wilfully ignorant feel sorry for him and/or look at others while he keeps finding more ways to fund and grow fascism wherever he goes…
Honestly… 🤦♀️
No one cares how rich he is. Only that the illusion of “wealth = ability” has been debunked. And it will continued to be debunked until people learn to realize that all of these ultra-wealthy people are total crooks.
Stephanie Sterling once said that he could be considered a god with all the power our society lets him have.
He has absolutely no frame of reference of what it is like to be an actual human with bills to pay and chores to do.
Which is what make dunking on him so satisfying. I can’t hurt Bill Gates’ feelings by making mean memes about him. But Musk reacts to people being mean to him.
But this isn’t “dunking on him” it’s bullshit designed to give people a false sense of security and a dopamine hit, while he goes on to do whatever the fuck he likes which is already costing millions of lives (via him hoarding hundreds of billions alone, as foes Gates, who is just as dangerous, if not more, because people like you have been convinced that he’s benign, never mind the direct results of his operations).
You’re being just as childish as him, except he has all the power of the world to fall back on, and you have probably fuck all in the grand scheme of things and are fighting to survive along with the rest of us. Getting him to react to this bullshit achieves nothing, you’ve been given bread and a circus, and it’s working exactly as intended to keep you paying any real attention.
I agree that it doesn’t achieve anything… But jeez, let people have their fun. It’s not like anybody confuses this shit with actual activism.
II wanted people to discuss if they felt it was true or not and see if anyone had insight as to whether Saudi Arabia factors in to his finances or not. Normally, I think you would have a point, but they brought experts to the table to discuss it even though the tone is flippant. He has to dance with the money and loans and he’s running out of options. I do not have sympathy for him at all, he’s a POS
