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"There's just no way Musk is going to want to stick around the way things are trending." He does like attention and with controlling twitter, he can control qu
by hutzlibu 3y ago
"There's just no way Musk is going to want to stick around the way things are trending."
He does like attention and with controlling twitter, he can control quite some attention. I don't think he can easily give that up, as long as it stays somewhat relevant and as long as he already burned so much money with it.
- threeseed 3y agoBut he's not in control of the company. Banks are. Without them agreeing to a restructure of the debt or committing to ongoing bridge loans X will be bankrupt. The banks have already tried to sell off the debt to reduce their risk but declined as they were only getting offers valuing the company at < $8b. We are reaching the cross-roads where big decisions will be made. And one is whether Musk leaves with some dignity e.g. he hands over day-day work to someone else or is simply forced out.