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Tesla Stock Plunges to Two-Year Low After Musk Bans Journalists from Twitter
- jqpabc123 4y agoMusk may be forced to choose if he wants to be a businessman or a political operative. It is hard to be both at once.
- oddballdensity 4y agoThe choice has already been made. The Saudis helped with the purchase of twitter and Musk's actions have illustrated his intentions. Tesla will rebound either way, whether Musk is on the other side is the question.
- jacquesm 4y agoThe brand damage to Tesla is incalculable and the longer this shite continues the bigger it will be.
- Zigurd 4y agoIt should happen. A shareholder suit will probably happen because Tesla's board is toothless. But nothing must happen that forces that choice. A likely short term outcome is that Musk runs out of easy borrowing capacity, and that snowballs into worse terms on debts where Tesla shares have been pledged as collateral. Separately, since the LBO debt is backed by Twitter equity, the banks could end up owning Twitter.
- ggm 4y agoIs there really a nexus? Frankly, I'd pay more for Tesla on an expectation of an upside with less of his shenanigans if his eye is on other targets.
- mhoad 4y agoWhat makes you think he is capable of stopping the shenanigans? Surely for so time now everyone around him who might have had his actual interests in mind has begged him repeatedly to stop making such a mess.
- ggm 4y agoA very good point. Not even the FTC could stop his 420 madness. On the basis he can only move fast and break things at human scale doing it to four companies (Tesla, spacex, starlink and twitter) dilutes his maximum fuckuppery across all of them.
- jacquesm 4y agoMusk is about as out of control as it gets and he has enough money to be able evade all of the normal checks and balances that society places on an individual.