But 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.

But 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.