Tesla CEO Elon Musk, aka the new owner of Twitter, deleted on Sunday his tweet boosting a far-right conspiracy theory about the attack on House Speaker Nancy Pelosi’s (D-CA) husband, Paul Pelosi — but instead of issuing a correction to his 112.4 million followers, the billionaire is attacking the media for reporting on his tweet.
I am really quite curious if this fiasco will start eating into Tesla… should I sell my shares now?
Here’s to hoping his $40B investment, or whatever it is, goes up in smoke. Then he can borrow from Deutsche Bank and the Russians.
You should sell your shares a few months ago.
I would. I used to aspire to buying a Tesla. Now, I would look for another brand.
Musk just wanting to be like his idol, the TFG. What a piece if scum he’s become. Unfortunately for us, rich scum like this can make our news reading experiences more miserable and influence the dumb to violence and conspiracy. Hoping for some rich hero like people to catapult this POS into deep space.
Musk is starting to smell.
A hack coward narcissist gazillionaire refuses to admit he’s done wrong, lies about it instead, and hides in Twitter? It all checks out.
I’m going to sell my Tesla.
It’s a wonder of innovation and engineering but it’s actually very poorly made for a $100k car.
I’m probably going back to a German car, electric of course.
There have been a couple interesting (and entertaining) posts over the weekend from finance pundits pointing out that the banks currently holding the debt part ($13 bil) of the purchase price will likely look to unload it from their books in the first half of 2023, and that it would highly behoove musk to buy up that debt. Otherwise vulture creditors would buy it and look to take over twitter on a technical loan default, and wipe out his $21 bil equity. If this scenario comes to pass, he will need to come up with the cash to buy up the debt, at some discount to $13 bil because the debt has a lower than market interest rate compared with today’s rates.
Of course, the market did absorb his prior two dumps of TSLA shares without all that much weakness in the share price.
What is wrong with this man’s brain? He’s the head of these multibillion dollar corporations yet he behaves in such a juvenile and irresponsible way.
Toxic.
Marketplace Morning Report noted in passing this morning that General Motors is “suspending” its advertising on Twitter.
There is one thing I don’t get here. Articles I have read suggest that Mr. Musk reluctantly brought Twitter because he feared he would lose his court case. However, even if he paid a billion or two for defaulting on the deal, wouldn’t that be cheaper than being stuck with a perpetual money loser? Did he face non-monetary penalties?
He and Mark Zuckerberg are in a race to the bottom to see who can destroy their wealth faster and more completely. I have some funds which have shares of both, and I’m considering selling them because those two are gonna continue to drag down the value. Both Twitter and Tesla are doomed, in my opinion.
That’s probably unrelated to any lunacy Musk wants to engage in. I suspect they would cancel contracts with say YouTube if Ford purchased it.
Musk isn’t backtracking. He’s offering platitudes while people are paying attention, and setting up a ‘study group’ so he can say the actions he takes were pre-scrutinized. And then, when he thinks people have stopped watching, he’ll do whatever the hell he wanted to do originally, anyway.
Not a good sign when the CEO starts making business decisions while stoned, and wastes his time twitting… besides price-to-equity rate of Tesla is ridiculous…
It almost seems inevitable that twitter will crash and burn with this troll controlling it.
THC lots of it.
