Elon Musk may have to sell billions in Tesla stock to rescue X

gedaliyah@lemmy.worldmod to News@lemmy.world – 741 points –
Elon Musk may have to sell billions in Tesla stock to rescue X
fortune.com

Musk’s repeated outbursts against advertisers have dried up the main source of revenue for the loss-making company formerly known as Twitter. A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped. At some point, he will have to provide a fresh infusion of cash to salvage his $44 billion takeover.

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I have to give Musk credit. At least he help narrow my car buying decision to know at least one brand that I'll never buy.

There are many reasons to avoid Tesla, regardless of Musk. The complete lack of independent repair was my deal breaker, but you'll find your own. Their competition is looking pretty good these days, too.

He also removed an option for home battery storage solutions for me.

I was talking with a solar company about a solar install with battery storage last year, and they only offered the Powerwall as an option. I literally laughed at them and said there was no way I was tying an enormously expensive piece of home infrastructure to Tesla, because they couldn’t guarantee it’d keep working if Tesla decided to shift direction.

I have rejected every one of the endless stream of door to door solar panel sellers primarily because not ONE would leave me substantial documentation of any kind to decide if I wanted to talk to them - the only thing they wanted was a full "consultation." My view is that if you can't give me something that illustrates genearlly what you are about to pitch to me, then you probably just want the chance to apply some shady sales tactics.

Were these door to door guys? Did you go with them? Do you have any opinions on the door to door guys? 🙂

No, this was part of a group buy program in my area, which was designed to reduce prices. I ended up turning them down because it was still more expensive than it seemed like it should be, and they were going with an older single inverter system instead of a newer and more efficient micro inverter system.

I’ve heard the door to door guys tend to massively upcharge. I haven’t had any come through here, though, so I don’t have any direct experience.

Thanks! (Sorry for the late reply.) Any particular resources you'd recommend for research? Everything I find googling is either immediately clearly an advertisement, or becomes clearly an advertisement as I continue reading.