@[email protected]M to

[email protected] • 1 month ago

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

cross-posted to:
[email protected]

757

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

@[email protected]M to

[email protected] • 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.

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@[email protected]
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16•1 month ago

Last I’d heard other options either didn’t have infrastructure to charge vehicles on long trips

Literally isn’t an issue going forward. Other EVs can use Tesla chargers.
- @[email protected]
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  fedilink
  1•1 month ago
  “Going forward” is actually “not quite yet” for most non-Te sla manufacturers, unfortunately.

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