X is dying. Every day more people, institutions and media outlets that were the lifeblood of Twitter are leaving. Musk can sustain his dirty scheme for a while, but the loss of money, coupled with the boycott of Tesla, will affect him. The banks have clever analysts.
The only way they'll get that price is if they sell off more to Saudi Arabia or other enemies of democracy. Then the price may be worth it, otherwise forget it.
That's actually a lucrative rate for bad debt; banks usually offload truly bad debt at half or less. They're selling so it can be owned by someone who genuinely wants Musk to owe them money. In other words, this is the banks firing their customer.
Good old Elon - want your business to go down the crapper? Let him buy it for billions more than it’s worth, wait a few years, and boom - the business is dead.
The amount of good people looking for loans/investors for good, ethical businesses and hear only "no" from every direction, but this guy gets everything....
One thing rich guys are right about… if you borrow 500k for a house that’s a you problem… if they let a rich guy borrow 20 billion that’s the banks problem
They have no confidence that he's going to repay the money. If they sell the debt off, they can get what someone else will pay for it. If Musk declares bankruptcy, then they only get some of what the company is liquidated for... which is almost certainly less than what's owed.
Business bankruptcy, not personal bankruptcy. If he declares Twitter bankrupt then that protects his personal assets from being forfeit. Or at least it can depending on how the debt was structured.
As it happens, I'm listening my way through Tom Clancy's Jack Ryan series.
I'm currently on Debt of Honour, set in the early 90s, and it is hilarious how much credence Clancy puts in the infallibility of the 3 arms of government. It sounds surreal to hear, given what we now know and are seeing live
So how much of Elons net worth is real (able to be liquidated) and how much exists in speculative market? Is it possible to completely eviscerate his wealth from his poor public opinion tanking his stocks? I live in a sewer like a ninja turtle so me no know how monee work.
I'm pretty sure his wealth is all speculative. He takes out loans from banks, and pays them back with more loans, and more loans, and so on and so forth, so that when he dies, the loans will default, meaning that his half-trillion dollars will just disappear. Which is great for the future economy.
RIGHT?!? Like I’ve heard lot of teslas value exists as speculative bc of its training data potential for navigational ai, and I think twitters only value is as a place for advertising and astroturfing. So if the AI bubble pops and twitter loses too many users…
Again, I live in a hole and eat rocks, so idk if anything im saying is right or even makes sense. If someone with financial literacy could explain any of this to me, that’d be great :3
If the numbers mean anything, Elon could give each of the more than 771,000 people who are homeless in America $500,000 each and still have more than $40,000,000,000. How much more fucked up does the “dream” of America need to be?
This is missing the point though. He can’t do that. He doesn’t have that money in liquid wealth (think cash). His value is tied to stocks that he can’t just outright sell in quantity because there’s public shareholders involved.
That’s why I said “if the numbers mean anything.” Likely any person who is homeless would be thrilled to receive $5,000 and surely Elon could hand that out this second if he gave a fuck.
I feel like this has become a popular discussion lately, but the guy bought Twitter for 40 something billion dollars, and donated $150 million to the Trump campaign, so his money seems pretty real! They only want to argue it isn't when the topic of actually helping people arises.
He had to leverage himself to the teeth to buy Twitter. He didn't write them a 40B check. But your point stands that they can get their hands on money when they want to.
He also got a massive pile of funding from the dictators of Saud, other corrupt oligarchs and other illegitimate governments, all to buy themselves an influence pipeline.
It was a lot of money but ultimately a bargain price for what they bought: the end of the United States.
In 2023 Ford sold more than 2x the vehicles Tesla sold.
In that same year Tesla was 'worth' more than 16x as much as Ford.
Tesla is massively overinflated and he can't touch the bulk of what he has invested because he'd burst the bubble and the Tesla board probably wouldn't let him anyway.
It made me so sad to see according to Tesla stock elons gamble on Twitter and getting Trump elected seems to have worked. Hopefully the terrible news about Twitter is just a well kept secret and more stuff like the above will come out.
As a buyer of debt, I'm in at 20 cents on the dollar..
Not a Penny more and then I quickly unload the Whole package.. Risk is measured in.. I'm not losing a penny..👍
For the generation that was too young to understand the mortgage crisis of 2008, pay close attention, you get a chance to understand how it happened. Don't buy it, just watch. The only concern is that when this goes south, a case is made to bail out these geniuses with taxpayer dollars.
Why sell off the debt when you know the debtor has a net worth of $300 billion? I invest in banks and that’s my fucking money you’re throwing away. Get Musk to cough up. Send the bailiffs and start confiscating his factories and shit.
Death knell. Confidence was all that was holding the share price up. He’ll be shorted. Stock price will drop significantly. May crash if they can’t syndicate or sell debt quickly. Unlikely Russian & Saudi shareholders will be happy or bail out. I’d be worried if I was Elon.
Musk is an apartheid nazi, misogynist, and conscienceless sociopath. He was made the world's richest man with your tax dollars and mine given to him in subsidies, government contracts, bailouts and more. He builds rockets and cars that explode and burn. America should stop funding Elon Musk.
Aww, you hate to see it... Banks lose money, Elon loses money, just all the 1% getting a bit fucked... Wonder if any Saudis will be wanting to meet with Elon in a hotel...
Normally I’d think “hey, I bet they mean 8¢ and just don’t know how to use decimal points and units properly” but I might actually believe .08 cents in this case.
90 cents on the dollar?! Are they smoking crack? I wouldn't give them 9 cents on the dollar for that neonazi trash fire that is president Elon's Twitter.
Musk never had a plan to make Twitter profitable. Banks gave Musk the money to help him destroy the public square (to help put a Republican in the White House). Musk being a racist Nazi was probably plus for some or all the banks that gave him $13 billion.
😂 Any investor that thinks X is on an upward trajectory is only seeing musk angle his head upwards to suck Trumps….. by all accounts users are still fleeing so I fail to see why advertisers would be upping their game on there. But sure-I’d sell it too if I could
It’s not as if everyone warned lenders that this would be an insane move, to finance a horrifically overvalued company (Musk just threw out that number, and then had to go through with the purchase). They’d be lucky to get 50 cents on the dollar.
Why would they think it’s worth that much is it even making money? I would buy a price after the Hitler salute, most likely why they are dumping it, for 40 cents on the dollar seems more appropriate.
The buyers of that debt should be investigated. The debt is worth substantially less than 90-95 cents on the dollar, so the buyer is necessarily taking a financial hit for Elon’s benefit. Meaning, they are buying something else. INFLUENCE. Put simply, it’s a bribe!!
Comments
"...90 to 95 cents on the dollar"
🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣🤣😂🤣😂
They fall, so does his ‘value’
"Bulls, Bears & Pigs" & the "Greater Fool Theory"
Istitutional Investors will dump it on the little guys.
Phineas Taylor Barnum sells worthless "meme coins"
These are under $2 from China.
This is all while Elon / Linda were touting all time high user seconds or some BS metric no one even uses
My God, it’s like some Cold War era near future sci fi novel.
I'm currently on Debt of Honour, set in the early 90s, and it is hilarious how much credence Clancy puts in the infallibility of the 3 arms of government. It sounds surreal to hear, given what we now know and are seeing live
Did the govt not bail out the banks?
Does the taxpayer not get the shares and dividends?
There’s
A
Con
That’s why he had to get a loan for Twitter.
It was a lot of money but ultimately a bargain price for what they bought: the end of the United States.
In that same year Tesla was 'worth' more than 16x as much as Ford.
Tesla is massively overinflated and he can't touch the bulk of what he has invested because he'd burst the bubble and the Tesla board probably wouldn't let him anyway.
musky chodelet won't be able to take any of his wealth or power with him.
Not a Penny more and then I quickly unload the Whole package.. Risk is measured in.. I'm not losing a penny..👍
I'll give you a nickel.
They should try for about 40-50 cents on the dollar.
"... Morgan Stanley, Bank of America and Barclays — have lent Musk more than a quarter of the funding, or $13 billion." https://www.washingtonpost.com/technology/2022/12/24/elon-musk-twitter-funders/
"... JP Morgan Jr, ... had secured a $100m loan to Mussolini’s government." https://www.theguardian.com/commentisfree/2022/jan/11/trump-fdr-roosevelt-coup-attempt-1930s
Take out the 9.
0 to 5 cents a dollar.
https://www.youtube.com/watch?v=k8npNhhlOi8
I want to frame his debt and hang it on my wall.
It's a shell of it's former self, and Trump is staying at truth social because of his stock.
90-95 cents on the dollar???
This debt will soon be worthless. You’d have to be a sucker to buy now, even at 90 cents on the dollar.
P.T. Barnum: “There’s a sucker born every minute.”
no wonder Elon’s entire business model is begging for government contracts (handouts)