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I was more than half expecting Musk's financiers to smell the bullshit and run screaming. He's already talking bankruptcy so I'm still wondering why they went
by klyrs 4y ago
I was more than half expecting Musk's financiers to smell the bullshit and run screaming. He's already talking bankruptcy so I'm still wondering why they went forward.
- hef19898 4y agoWell, depends on the backing they got from Musk, doesn't it? And honestly, who would have believed someone would burn 44 billion, including 13 billion in dept, so fast to a complete pile of ash? I do wonder so, with a lot of Tesla's success depending on Musks reputation and ability to raise money, what the fallout of this will be. Until the Twitter desaster, Musk was a sure bet for investors. Now? Well, his financing banks wanted 60 cent per dollar when selling the debt on to investors. And they were only offered 50 cent. That alone tells you a lot.