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@btaf45@lemmy.world to United States | News & Politics@midwest.social • 11 months ago

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

fortune.com

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  • cross-posted to:
  • news@lemmy.world
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Elon Musk may have to sell billions in Tesla stock to rescue X

fortune.com

@btaf45@lemmy.world to United States | News & Politics@midwest.social • 11 months ago
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10
  • cross-posted to:
  • news@lemmy.world
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.
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  • @LEDZeppelin@lemmy.world
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    31•11 months ago

    I have a spare pair of bootstraps if anyone needs

  • @T00l_shed@lemmy.world
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    24•11 months ago

    Point and laugh.

    • ME5SENGER_24
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      20•11 months ago

  • @Jondar@lemmy.world
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    19•11 months ago

  • @some_guy@lemmy.sdf.org
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    18•11 months ago

    This super-genius real-life-Tony-Stark has revealed himself to be a chaotic doofus incapable of running a successful company when he’s not insulated by more capable people.

  • @ramble81@lemm.ee
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    7•11 months ago

    I thought the Tesla board approved a massive bonus for him. Where did that money go?

    • @anachronist@midwest.social
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      8•11 months ago

      The bonus was in stock. It was pretty much just replenishing the stock he dumped when he was buying twitter.

      • Pup Biru
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        5•11 months ago

        wouldn’t life be easy if you could just use everyone else’s money for whatever you want

  • @blusterydayve26@midwest.social
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    11 months ago

    Why tho? He doesn’t need it to be profitable, he already has it as his own echo chamber. Any more money in is just sunk cost fallacy to bring back people he’s happy to see gone in the first place.

    “It’s my house and I’ll shoot out the windows if I want to,” Musk was heard screaming, yesterday.

    • @Illuminostro@lemmy.world
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      1•11 months ago

      deleted by creator

      • @PyroNeurosis@lemmy.blahaj.zone
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        2•11 months ago

        This, and if he doesn’t keep burning money, What-Was-Once-Twitter’s ebbing audience will ebb faster.

  • @Illuminostro@lemmy.world
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    2•11 months ago

    deleted by creator

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