As a reminder, the people who held X's debt had written down the company's value to less than $10 billion. So selling your company to yourself for $45 billion d

As a reminder, the people who held X's debt had written down the company's value to less than $10 billion. So selling your company to yourself for $45 billion dollars is hilarious chicanery. Musk used his extremely overvalued company to bail out his other way overvalued company that he ran into the ground. It's a thinly-veiled, self dealing ponzi scheme. (It also echos the final fate of Solar City).