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 was told this man was a business genius.

Was the person who told you that Elon Musk?

Not just Elon, also people paid by Elon. And lots of people on the internet!