3 ms·

I doubt he ever sells. He made the purchase because of his ego. As long as he still owns it, he can pretend that there is some future in which the company has v

by slg 3y ago

I doubt he ever sells. He made the purchase because of his ego. As long as he still owns it, he can pretend that there is some future in which the company has value. Selling it for $1b locks in the valuation and confirms the deal was a huge mistake. I don't think he needs that $1b enough for him to be willing to take that hit to his ego.

ncallaway 3y ago
Unless he's willing to continue covering the interest payments on the loans indefinitely, it may not be his decision to make. The interest payments to the banks on the loans will continue to come due. I doubt Twitter is pulling in anywhere near enough revenue to satisfy those loans. The decision to sell it may not be his.
- skizm 3y ago
  I'm not saying he'll do this, but theoretically he could just pay them out of pocket. The banks only hold around $13B in Twitter debt and Musk owns ~$170B of tesla stock with around 42% of that available for him to access immediately (the other 58% is pledged to secure personal loans).
  - slg 3y ago
    Exactly. It will get gradually more expensive, but I don't buy the idea that one of the richest people on the planet will be unable to find anyone to lend him money. That is especially true for Musk who has shown a willingness to deal with anyone with money including people that have questionable ethics and morals.
  - cco 3y ago
    > I'm not saying he'll do this, but theoretically he could just pay them out of pocket. To be honest, I've never understood why we allow the purchased company to buy itself. It makes no logical sense and I've never heard a good argument as to why this is beneficial to our economy in general.
  - hindsightbias 3y ago
    He could just short Tesla stock and go on an unhinged nonstop rampage for a week or two and collect $13B. Then go quiet again and let the stock recover. And he’d probably get away with it.
JohnFen 3y ago
> He made the purchase because of his ego. He made the purchase because he was forced to. He didn't want to buy it at all. He was doing his usual trolling thing and got trapped by his own nonsense.
- Kye 3y ago
  He was preparing to fight, but embarrassing ass-kissing texts from his friends started rolling out in discovery.

by slg 3y ago

ncallaway 3y ago

Unless he's willing to continue covering the interest payments on the loans indefinitely, it may not be his decision to make. The interest payments to the banks on the loans will continue to come due. I doubt Twitter is pulling in anywhere near enough revenue to satisfy those loans. The decision to sell it may not be his.

skizm 3y ago
I'm not saying he'll do this, but theoretically he could just pay them out of pocket. The banks only hold around $13B in Twitter debt and Musk owns ~$170B of tesla stock with around 42% of that available for him to access immediately (the other 58% is pledged to secure personal loans).
- slg 3y ago
  Exactly. It will get gradually more expensive, but I don't buy the idea that one of the richest people on the planet will be unable to find anyone to lend him money. That is especially true for Musk who has shown a willingness to deal with anyone with money including people that have questionable ethics and morals.
- cco 3y ago
  > I'm not saying he'll do this, but theoretically he could just pay them out of pocket. To be honest, I've never understood why we allow the purchased company to buy itself. It makes no logical sense and I've never heard a good argument as to why this is beneficial to our economy in general.
- hindsightbias 3y ago
  He could just short Tesla stock and go on an unhinged nonstop rampage for a week or two and collect $13B. Then go quiet again and let the stock recover. And he’d probably get away with it.

JohnFen 3y ago

> He made the purchase because of his ego. He made the purchase because he was forced to. He didn't want to buy it at all. He was doing his usual trolling thing and got trapped by his own nonsense.

Kye 3y ago
He was preparing to fight, but embarrassing ass-kissing texts from his friends started rolling out in discovery.