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this post was submitted on 06 Oct 2024
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Twitter is it's own entity. Musk is not in debt, Twitter is. And if their coffers are empty they can take more debt, in Twitter's name. I'm sure a Saudi bank would oblige as long as it's useful. However Twitter could go bankrupt and Musk would just lose his initial investment, which was a couple of billions max. Saudis, Russians and the Peter Thiels of the world would lose their investments as well, which I'm sure they would see as a small price to pay to kill a platform so inconvenient for them as Twitter was.
Tesla? Last year all tech stocks took a dive. Tesla's price is based on unicorns and rainbows, so it tracks the tech bubble more than real companies like Ford. Same like OpenAI and others.
Edit: I wrote a different response here, but there's no point. You refuse to acknowledge basic facts that undercut your whole argument. You don't understand this situation a fraction as well you think you do. I'm not going to sit here and argue with you about your fantasy version of reality.
/r/iamverysmart