Comment on Advertiser exodus expected to deeply impact X ad revenue, analysis indicates
dragontamer@lemmy.world 1 year ago$13 Billion debt means $1.3 Billion/year interest payments.
I’m pretty sure Elon can pay that btw. But I’ll be watching from the sidelines for that shitshow.
I’m pretty sure Elon can pay that btw.
But that will involve more TSLA stock fire sales (as that’s literally what he did the last time he needed to pay Twitter’s bills, his “net worth” is mostly unrealized gains from his shares) and he will face more backlash for that from Tesla investors. His house of cards will collapse quicker the more he resorts to that.
While true, we are only talking about $2 to $3 Billion in losses a year.
How long do you think it’d take before Elon truly felt that burn? Maybe 5+ years, right? Maybe longer.
Now SpaceX is also losing money and Tesla also looks like it’s lost a ton of reputation. So that’s what’s gonna hurt Elon. But Twitter nonsense is unfortunately a rounding error in all of this.
Ilovethebomb@lemm.ee 1 year ago
Do you really think a company like that would be paying 10% interest?
dragontamer@lemmy.world 1 year ago
My 10% estimate is assuming April 2021 market, when the deal was signed.
It could be as high as 15% depending on circumstances. But yeah, consider the 10% number an underestimate.