3 ms·
That's not what the contract says. The $1B breakup was only if bank financing fell through, which it did and has not. The banks are still bound by their commitm
by dahdum 4y ago
That's not what the contract says. The $1B breakup was only if bank financing fell through, which it did and has not. The banks are still bound by their commitment letters to provide the required financing, and it doesn't look too plausible they could back out of those contracts.
Levine covered it well here:
https://www.bloomberg.com/opinion/articles/2022-07-09/elon-s-out https://www.bloomberg.com/opinion/articles/2022-07-09/elon-s...