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If Twitter ends up going bankrupt or sees some other horrible fate, Elon is going to take the blame. In a vacuum, there's nothing unusual about that; the problem is that he also owns a number of other companies, one of which has a p/e ratio that's off the charts and is responsible for a great deal of his wealth. Most of his companies are sci-fi dream companies that can fail without being a reflection of Elon's business acumen. Not so much Twitter, which was existing and, if not consistently profitable, then at least relatively stable. Now Elon comes in and buys it and all of the sudden it's doing miserably. Is this a reflection of Elon's business acumen? No! It's a reflection of how the haters sought to destroy him because he dared to stand up for principle, dammit. No need to worry about the management of Tesla or any of his other companies; those aren't ideological, so keep the money flowing in. Tesla is the car company of the future and its stock price should be every bit of what it was back in April. This little dip is just a consequence of a general tech slowdown and backlash against political concerns involving one of his other companies. So don't worry, investor. Management is just fine. The fundamentals are the same. Buy buy buy.
It's more like the media is trying to create a self-fulfilling prophecy . The only way to know would be if Elon tried to rise money again, what price would he get per share of tesla? Likely less than $54.
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Barron's either has an inside scoop or is irresponsibly wrong.
As per my recollection, and as Matt Levine said today on Twitter, Musk at one point considered borrowing against Tesla shares, but instead borrowed against Twitter and funded the rest from stock sales (+investors +large shareholders who rolled over their shares).
Barron's is flat out wrong and should feel bad.
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Elon is trying to avoid having to pay full price. this is smart of him. Loading twitter with debt and then going bankrupt is a common private equity move. This is tiny relative to Tesla's value, so the extra shares should not have too much of an impact.
You keep saying this but there are virtually no examples of this occurring. It’s not a common tactic. The equity is in the vast majority of cases wiped out. He would need a very friendly judge and the owners of the debt would need to play ball.
The debt owners could also tell him to fuck off. And if he decides to try and permemently blow up the company while control is transferring to debt holders he would face legal liability.
A more likely scenerio is someone like Elliot Management snaps up key debt tranches and gains control. Tells Musks to fuck off. Purchased say the debt stack from 12-18 billion for 3 billion. Owns twitter at around 15 billion EV. Brings back Parag as CEO.
Him pulling that off would require a corrupt deal with a friendly government, is what you’re saying.
Which means it’s unlikely that he can do it while headquartered in California.
Except that bankruptcy is Federal so what state he's in doesn't really matter.
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