Post
Topic
Board Bitcoin Discussion
Re: Elon musk is for crypto or just for attention to boost Tesla, SpaceX?
by
8rch7
on 19/01/2023, 08:46:38 UTC
Twitter was an expensive deal for Musk to take over the media platform. The first set of interest payments on the loans he took to acquire twitter was from I heard $1billion to his lenders.
https://fortune.com/2023/01/18/elon-musk-twitter-sales-revenue-interest-payment-loans-debt

My guess will be him selling more stock of his other companies or possibly his holdings in bitcoin to offset the next set of interest payments in a couple of months down the road.
Elon Musk's purchase of Twitter could possibly be the biggest mistake from a business standpoint, and this failure might threaten Elon Musk's wealth, because Elon Musk is risking his shares in other owned companies to convey Twitter transactions, according to information Elon Musk obtained funds to admit the Twitter through several sources,
$20 billion of private funds
$13 billion of collateralized loans using Twitter shares generated collateral, while $4 billion of Elon Musk's stake from Twitter.