News • 1 month 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 • 1 month 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

@tacosplease
link
2•29 days ago
Having worked with Tesla I can tell you not all their problems would leave with Elon, but it would certainly be a great start.
- @auzy
  link
  1•29 days ago
  From my understanding he overworks people. Is that correct?

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