Happy anniversary to the banks who saddled themselves with Musk's debt.
https://archive.ph/w4Shz
@OutOnTheMoors he's not an alpha male, he's a sub-prime male.
@Loukas Little junkbond balls.
The WSJ readers' comments are hilarious. They show why this guy gets away with it. They STILL believe he is liquid, when he's mortgaged to the hilt.
Musk is the guy with the car and the house - both he's still paying off - who can't afford groceries.
@OutOnTheMoors it feels like as soon as anyone actually asks for their money back it'll all come tumbling down and he'll be revealed as another Bernie Madoff. This is what happened to a Swedish billionaire called Ivar Kreuger in 1932 and the entire country's economy was shaken. He was also an extremely persuasive bullshitter who was mortgaged to the hilt.
@Loukas Fervently hope so.
The recent awful results are seeing pressure from Tesla shareholders (and lenders who hold his paper there) to stop the Twitter shenanigans and focus on core businesses.
It might be the nudge that starts the dominoes tumbling.
@OutOnTheMoors a strike has just started at Tesla workshops in Sweden. Local management don't seem to understand how powerful Sweden's unions are, and they're talking about organising scabs. If Elon doesn't let them back down it could easily turn into a general strike in Sweden, against Tesla.
@Loukas It would be perfect if unions led the way.
@OutOnTheMoors whatever causes X/Tesla to fall, it'll involve Musk colliding with something he doesn't understand and which is more powerful than he realises. Nordic unions fit that description - although a lot of things do :)