Elon Musk may have to sell billions in Tesla stock to rescue X
Elon Musk may have to sell billions in Tesla stock to rescue X
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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Could he sell all of it? And then completely fuck off? br, tesla (car) owner
Who would buy it now, though? It can't have much value left. (Edit: Twitter. Not talking about Tesla, that's a whole different arc.)
Judging by the used car online sites, it has about as much value left as any other car with similar age and kilometers. If I had to buy a car right now, I'd probably take a hard look at the alternatives. But they'd have to actually be better, I usually make car purchase decisions based on the qualities of the car.
Although Musk is certainly trying to make such principles difficult.
Good thing my car is new enough that I don't have to make this choice for several years. Perhaps the competition will have caught up by the time I need to get a new one.
Competition has exceeded tesla. I recently got BYD Seal, and it is better than the equivalent priced tesla
I'm glad it worked for you. Things will have to change a bit globally that I would consider a BYD.
Oh right, perhaps already I don't make purchase decisions purely based on the qualities of the car :)
I figures it was a simple calculus, especially since BYD is the OEM that supplies parts for many of the other brands, especially the batteries.
I'd rather benefit from that status than support a egotist like Musk. Besides anywhere outside America the Teslas are made in China, just like the BYDs 😆
Berlin disagrees.
I’d rather benefit from that status than support a egotist like Musk
Have you looked at what your money would support, buying from BYD? If part of your decision is who profits, both choices are horrible and you could argue Musk I less horrible. This is one of the reasons I try to keep that out of my decisions.
I'm in the very very early stages of ecar research. Mind helping me and share what features or data make the BYD Seal better than a Tesla?
The price of used Teslas has nothing to do with the value of Tesla stock.
Intel's stock dropped from $50 to $20 over the last year, but their processors still cost the same.
Yeah. I'm more worried about repairability etc.
It's still a car company with factories in multiple countries and pretty much the best battery tech and the best charging network. If they get bought by an established car company, they keep building the model 3 and Y cars while fixing the production issues there's still a lot of value there. You just need someone in charge that doesn't spend their days shit posting.
I .. uh.. was talking about Twitter..
Oh yeah, Twitter probably has a negative value with all the debt Musk loaded onto it to buy the company (it's crazy that that's legal).