Elon Musk acquires Twitter

This is for topical issues effecting our fair world... you can quit snickering anytime. Note: It is the desire of the leadership of SFDebris Conglomerate that all posters maintain a civil and polite bearing in this forum, regardless of how you feel about any particular issue. Violators will be turned over to Captain Janeway for experimentation.
Post Reply
Draco Dracul
Captain
Posts: 1211
Joined: Thu Apr 06, 2017 3:32 am

Re: Elon Musk acquires Twitter

Post by Draco Dracul »

CmdrKing wrote: ↑Wed May 11, 2022 8:23 pm Particularly important if, for example, the collateral against which he took the loan had a sharp decrease in value that threatened his ability to repay the loan.

Oh would you look at that.
Especially if it looks more and more like the vast majority of the company's value is purely speculative and only driven by the cheap debt that's been sloshing around for the last decade and a half. Because at its peak Tesla had a valuation on par with Amazon, Apple, and Google despite being a mid sized luxury car company. It produces half the cars per year as Mercedes-Benz, and yet has a market cap more than every other car manufacturer combined.
Top
User avatar
clearspira
Overlord
Posts: 5657
Joined: Sat Apr 01, 2017 12:51 pm

Re: Elon Musk acquires Twitter

Post by clearspira »

Musk is more than just Tesla though. I'm sure he can raid SpaceX for a few bob if need be.
Top
Draco Dracul
Captain
Posts: 1211
Joined: Thu Apr 06, 2017 3:32 am

Re: Elon Musk acquires Twitter

Post by Draco Dracul »

clearspira wrote: ↑Wed May 11, 2022 9:51 pm Musk is more than just Tesla though. I'm sure he can raid SpaceX for a few bob if need be.
While he owns more of Space X, it only has a market cap of 100 billion. He would need to almost completely divest himself from Space X to make up for the losses to Tesla I. The past week.
Top
Post Reply

Return to “News”