Earlier quoted context omitted.
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…
That’s actually good news for Tesla in the long run. It’s a company that sells cars mostly to yuppies and woke buerguesie who drive the cars as a statement. Now it’s time to let this bird fly and see if it survives, for that it needs to appeal to the mass market and not just the ones who “move to Canada” every 4 years. Tesla stock like every stock is (over)valued based on the future, and at this point de-Musking Tesl…
You’re bringing a lot of emotional baggage to this mischaracterization. Tesla’s buyers are affluent because they didn’t sell anything cheap but that doesn’t make them woke - the dedicated environmentalists bike or take the bus to work - and the smartest move Tesla ever did was making the first one a sports car. That got all of the “car guys” interested because it changed the thought of an EV from something bland but virtuous to a fun, premium experience. Even knowing that “woke” is how right-wingers describe anyone who isn’t, it’s really not accurate – I know more libertarians who bought them until the quality control problems started catching up with them.