News

I believe the appropriate thing to say to Elon here is, "go fuck yourself."

Free market capitalism will say to let it fail.

If he sells enough Tesla stock, he may save both companies!

I have to give Musk credit. At least he help narrow my car buying decision to know at least one brand that I'll never buy.

Let that sink in.

That’s because it is almost exclusively tied up in his various corporate holdings that include everything from rocket builder SpaceX and brain chip company Neuralink to his latest startup, xAI.

None of these investments are easily fungible. Only Tesla is a publicly traded company. So the easiest solution at his fingertips is to liquidate a portion of his remaining 12% stake.

Let it fucking burn.

Stop buying Teslas! Many other great or better EV choices out there.

He'll probably just get tesla shareholders to gift him the money. They've shown they'll sign off on pretty much anything he asks for.

2 4 1 deal, how to trash 2 companies at once. Good job space karen!

"A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped."

Gotta love it. He told advertisers to fuck off, they fucked off, now he's even more mad at them.

Could he sell all of it? And then completely fuck off? br, tesla (car) owner

Maybe if he was smart, he'd just give up on the social network and sell it off to someone else. But he's not smart, so he'll keep sinking money into it until cooler heads in the company prevail. The era of social media dominance, I'm sorry to say, is over.

Why is this news...

Some rich guy might do something that doesn't really change anything for anyone.

From this article:

Ferguson based his assessment on internal second-quarter figures recently obtained by the New York Times. According to this report, X booked $114 million worth of revenue in the U.S., its largest market by far. This represented a 25% drop over the preceding three months and a 53% drop over the year-ago period.

From when he bought twitter:

Mr. Musk has set some ambitious goals for Twitter, which he has said he will transform into an “everything app” called X. In presentations to investors about the deal this spring, he said he anticipated that Twitter would reach annual revenue of $26.4 billion and have 931 million users by 2028.

Uhh, not even close Musk. I guess he still has 3 years and 4 months to turn it around though. lol. I was told this man was a business genius.

Let both burn

Whats interesting is the NRA spent billions in TV propaganda running a news channel and that venture ended up bankrupting the whole organization. It looks like musk is falling in the same trap

Why do you think he strongarmed Teslas shareholders into that big pay day? He's known this was coming, y'all. Tesla's just paying for his misadventure.

He won't. He bought the company using leverage so he wouldn't have any personal financial investment in it.

My personal theory is that he bought it to destroy it to lash out at Grimes but, honestly, who the fuck even knows.

Maybe the Saudis and Qataris will chip in some more cash to help him out.

I don't understand how you can sue a company that doesn't want to advertise on your platform

Or maybe he'll just have to sell Twitter.

Or maybe Twitter's debtors can place a lien and sell it right out from under him.

Kinda curious about what if Twitter were nationalized...? Like, make it a service of the USPS or something? Force it to become accountable to its users?

Aww, poor rich asshole.

Big if true

Notice he isn't going to put his SpaceX shares up for sale.