My understanding is that WeWork's customers are on short term, easily cancelled leases, while WeWork's own leases are long term. In a downturn for office space,

My understanding is that WeWork's customers are on short term, easily cancelled leases, while WeWork's own leases are long term. In a downturn for office space, that is a recipe for disaster, and it's not like WeWork was particularly stable before the current crisis. As opposed to Tesla, WeWork's product is fairly fungible, so if general price levels for office space collapse, they don't have much of a moat to lock in customers.