News • 7 months ago

Elon Musk may have to sell billions in Tesla stock to rescue X

cross-posted to:
[email protected]

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Elon Musk may have to sell billions in Tesla stock to rescue X

News • 7 months ago

cross-posted to:
[email protected]

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.

Musk’s repeated outbursts against advertisers have dried up the main source of revenue for the loss-making company formerly known as Twitter. A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped. At some point, he will have to provide a fresh infusion of cash to salvage his $44 billion takeover.

Chat

@Protoknuckles
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168•7 months ago
If he sells enough Tesla stock, he may save both companies!
- @Wooki
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  13•7 months ago
  Under rated comment
  - @RestrictedAccount
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    3•7 months ago
    Except I’m not sure what he is planning will save Twitter
    - @Wooki
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      4•7 months ago
      Agreed, I just cant tell if extreme ineptitude for a tech bro ceo or intentional.

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