The X social media site isn't worth what he paid for it, but the AI stuff could be worth a lot in the future.
Quote:
Originally Posted by Quantum Boy
It wasn't bought outright for the $44 billion, it was bought with a $44billion loan leveraged against Tesla stock. Tesla stock prices have been plummeting, if they fall much further the lenders could have called in the loan (reposessed X, essentially). By outright buying it "from himself" but via another company, and not leveraging against Tesla stock, he removes that possibility.
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Where does the money come from to pay for X this time? Is that not secured against Tesla?
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