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"Once he got access to the company’s finances, the Tesla boss realized it was losing millions of dollars every day, and that many of its employees weren’t doing
by cafard 4y ago
"Once he got access to the company’s finances, the Tesla boss realized it was losing millions of dollars every day, and that many of its employees weren’t doing much work at all."
Once he took possession of the company, he had to demonstrate that it was somebody else's fault that the finances make no sense.
- TheLoafOfBread 4y agoIt was publicly traded company, with publicly available and known finances. How this can be an excuse?
- jklinger410 4y agoTwitter was not profitable and had no clear path to profitability. Regardless of your opinion of Musk.
- yamtaddle 4y agoThe debt from the acquisition has made that situation much worse, however, not better. It's like he bought a car with a flat tire and promptly drove nails into the other three. [EDIT] Better version: it's like he bought a car with a flat tire and financed the purchase by selling the other three tires.
- Taniwha 4y agoYeah he obviously knew all this by the time he took over it was why he was trying to get out of the stupid deal he'd done without full due diligence - and besides that - 3/4 of the $4M a day Twitter is losing is the $1B a year interest from Musk's bad deal
- bilbo0s 4y agoand besides that - 3/4 of the $4M a day Twitter is losing is the $1B a year interest from Musk's bad deal To be honest, that's what seems so disingenuous about this article. Why, on Earth, would you fail to mention the fact that the boss is, for the most part, trying to fix losses that he, himself, incurred?