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by GW150914
2817 days ago
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Their cases were already incredibly strong, given the nature of the tweet and his Twitter account’s status as an official corporate mouthpiece for five years. From a purely legal perspective the no contest nature of this settlement doesn’t do much to weaken or strengthen their case, but It also doesn’t matter because their cases are already ridiculously strong. Musk is still in trouble, but a death spiral is too strong a word (unless the DOJ brings charges), he could still pull up. If he backs off the Twitter and keeps his head down, he’ll recover. Tesla though, is in a real death spiral with their debt. https://www.investopedia.com/terms/d/deathspiral.asp That’s going to be muuuuuch harder to correct, given that they’re going to have sell a load of discounted stock just to keep afloat in 2019. |
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