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In reply to the discussion: 'They won't call me back': Rudy Giuliani being frozen out after 'dramatic U-turn' on Trump [View all]paleotn
(20,254 posts)Tesla was already under intense pressure from the big names in the auto industry. Now the brand is destroyed and much of it's prior success was dependent on tax policy that's been shit canned. While it's stock price, Elmo's only real asset, is down, it's still doing a Wil E. Coyote imitation and will crash even further when the full impact of brand destruction becomes public.
Starlink has lost tons of money. Damn expensive developing and then maintaining a bunch orbital infrastructure. But that market is also fierce, and the brand irreparably damaged. The rest of his toys rely on US government spend that's drying up. The fascist regime really isn't going to blow a bunch of cash on his little rockets and dreams of Mars. Unless it serves them directly, they couldn't care less.
And his Twitter takeover creditors are going to want their money, while available resources to service the debt is shrinking fast. X is a shell of what Twitter was and makes no money. Interestingly, Morgan Stanley and others are selling their exposure to the Twitter takeover debt. Getting out while the getting is good perhaps, like abandoning mortgage backed securities before the 2008 collapse.
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