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by SilverBirch 1306 days ago
I think that's probably a naive hope, if we carry on down the current path the only way that Musk can save face and avoid being washed out of twitter is to buy up the debt that he secured to buy Twitter. Ignoring the technical issues, the debt is the thing that really threatens twitter - if the business can't generate the revenue to service the debt the creditors might step in and take Musk's equity. So the logical move if you're all-in on fixing twitter (as Musk seems to be) would be to buy the debt, he can probably get it at 60 cents on the dollar, so that means he needs to come up with somewhere around $8Bn, and we all know where Musk will look for that kind of cash. That would be a very significant head wind for Tesla stock.