August 27, 2024

Lending Elon Musk Money Was A Very Bad Bet

by The Journal

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When Elon Musk bought Twitter in 2022, he borrowed $13 billion dollars from several banks to complete the deal. Now, it looks like the banks may not get all their money back. WSJ’s Alexander Saeedy on what the banks didn’t take into account when they made those loans.


Further Reading:

-Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis 

-Elon Musk’s Hard Turn to Politics, in 300,000 of His Own Words 


Further Listening:

-Elon Musk and Silicon Valley Turn Towards Trump
-Tesla’s Multibillion-Dollar Pay Package for Elon Musk
-Why Elon Musk’s Twitter Is Losing Advertisers 

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