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

I believe the appropriate thing to say to Elon here is, "go fuck yourself."

Free market capitalism will say to let it fail.

If he sells enough Tesla stock, he may save both companies!

I have to give Musk credit. At least he help narrow my car buying decision to know at least one brand that I'll never buy.

Let that sink in.

That’s because it is almost exclusively tied up in his various corporate holdings that include everything from rocket builder SpaceX and brain chip company Neuralink to his latest startup, xAI.

None of these investments are easily fungible. Only Tesla is a publicly traded company. So the easiest solution at his fingertips is to liquidate a portion of his remaining 12% stake.

Let it fucking burn.

Stop buying Teslas! Many other great or better EV choices out there.

He'll probably just get tesla shareholders to gift him the money. They've shown they'll sign off on pretty much anything he asks for.

2 4 1 deal, how to trash 2 companies at once. Good job space karen!

Maybe if he was smart, he'd just give up on the social network and sell it off to someone else. But he's not smart, so he'll keep sinking money into it until cooler heads in the company prevail. The era of social media dominance, I'm sorry to say, is over.

Could he sell all of it? And then completely fuck off? br, tesla (car) owner

"A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped."

Gotta love it. He told advertisers to fuck off, they fucked off, now he's even more mad at them.

Why is this news...

Some rich guy might do something that doesn't really change anything for anyone.

Permanently Deleted

Let both burn

Whats interesting is the NRA spent billions in TV propaganda running a news channel and that venture ended up bankrupting the whole organization. It looks like musk is falling in the same trap

Why do you think he strongarmed Teslas shareholders into that big pay day? He's known this was coming, y'all. Tesla's just paying for his misadventure.

He won't. He bought the company using leverage so he wouldn't have any personal financial investment in it.

My personal theory is that he bought it to destroy it to lash out at Grimes but, honestly, who the fuck even knows.

Maybe the Saudis and Qataris will chip in some more cash to help him out.

I don't understand how you can sue a company that doesn't want to advertise on your platform

Aww, poor rich asshole.

Or maybe he'll just have to sell Twitter.

Or maybe Twitter's debtors can place a lien and sell it right out from under him.

Kinda curious about what if Twitter were nationalized...? Like, make it a service of the USPS or something? Force it to become accountable to its users?

Notice he isn't going to put his SpaceX shares up for sale.

Big if true

Is this why he’s kissing trump’s ass? Does he think the orange sandwich has the ability to help him if orange shit stain becomes president?

Let's all buy it from him and just set it to redirect to joinmastodon.org

Does anyone remember when musk said he’d buy twitter just so he could delete it?

Oh nooo 😂

How close is this market manipulation?

why would anybody save twitter

He's so close...sell everything, buy a private island. Retire in style, never be heard from again. Bliss for him and everyone.

Anything short of Elon Musk distancing himself as far from Tesla as possible is breaking his fidicuary duty.

Womp womp

If teitter went away tomorrow......wed all get on with our lives.

Or, or, hear me out: just close that cesspool right down to make the world a better place.

I'll give him a 1099A and two Fox Stamps for it.

Please sell interest in Starlink.

That’s the part of owning a business, Elon. Making numerous mistakes costs money.

You get what you pay for.

Alternatively, he could sell Twitter stock.

Archive

Oh no think of all the journalists that will have to work instead of quoting twitter for 3 scrolls straight!

https://youtu.be/mrEKpzRCkz0

lol

Why is he since he maybe going to jail soon

What he is trying to do is to remove tweeter. He bought it so he could kill it.

lol cuck

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