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United States | News & Politics @midwest.social btaf45 @lemmy.world 4mo ago

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

fortune.com 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.

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

News @lemmy.world gedaliyah @lemmy.world 4mo ago

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

fortune.com /2024/08/15/elon-musk-tesla-stock-sale-twitter-x-advertiser-boycott-finances-bradford-ferguson/

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10 comments

Why tho? He doesn’t need it to be profitable, he already has it as his own echo chamber. Any more money in is just sunk cost fallacy to bring back people he’s happy to see gone in the first place.

“It’s my house and I’ll shoot out the windows if I want to,” Musk was heard screaming, yesterday.

10 comments