I am struggling to think how Elon is going to pay the interest on the loan he took for buying Twitter. On other hand his collateral , tsla stock, is crashing. He got carried away to make this purchase during the rising tide of covid bull market. I suspect this is going to severely affect both tsla and twtr
Apparently he’s looking to replace some of the expensive debt with new margin loans backed by his TSLA shares: https://www.bloomberg.com/news/articles/2022-12-08/musk-bank... IMO this Twitter deal has been nothing but bad news for Tesla shareholders. The CEO is completely distracted and forced to sell his shares, and the company has been dragged into stupid culture wars. Tesla brand perception has crashed among Democ…
Can they do anything about it? Or is he protected like that Facebook Zucker?