Hacker News new | ask | show | jobs
by kemayo 1322 days ago
I've seen it claimed that the $4M/day figure is mostly because of the debt servicing cost that Musk's acquisition added to the company's books.

The new debts apparently add over $1 billion / year in interest payments alone. https://www.nytimes.com/2022/11/03/technology/elon-musk-twit...

(Being able to do this as part of a buyout sounds ridiculous, I know. And yet.)