News • 3 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 • 3 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

@[email protected]
link
fedilink
10•3 months ago
He’s so close…sell everything, buy a private island. Retire in style, never be heard from again. Bliss for him and everyone.
- @dellish
  link
  9•3 months ago
  Rich guys and private islands… I’m sure nothing bad has ever come of that.
  - @Aceticon
    link
    4•3 months ago
    They don’t call the Evil Lairs for nothing …

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