Twitter is it’s own entity. Musk is not in debt, Twitter is. And if their coffers are empty they can take more debt, in Twitter’s name. I’m sure a Saudi bank would oblige as long as it’s useful. However Twitter could go bankrupt and Musk would just lose his initial investment, which was a couple of billions max. Saudis, Russians and the Peter Thiels of the world would lose their investments as well, which I’m sure they would see as a small price to pay to kill a platform so inconvenient for them as Twitter was.
Tesla? Last year all tech stocks took a dive. Tesla’s price is based on unicorns and rainbows, so it tracks the tech bubble more than real companies like Ford. Same like OpenAI and others.
Twitter is it’s own entity. Musk is not in debt, Twitter is. And if their coffers are empty they can take more debt, in Twitter’s name. I’m sure a Saudi bank would oblige as long as it’s useful. However Twitter could go bankrupt and Musk would just lose his initial investment, which was a couple of billions max. Saudis, Russians and the Peter Thiels of the world would lose their investments as well, which I’m sure they would see as a small price to pay to kill a platform so inconvenient for them as Twitter was.
Tesla? Last year all tech stocks took a dive. Tesla’s price is based on unicorns and rainbows, so it tracks the tech bubble more than real companies like Ford. Same like OpenAI and others.
Then why did he sell a significant amount of Tesla stock to service that debt?
/r/iamverysmart