this post was submitted on 21 Jun 2023
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The rumor I read was that he wants to be as poor at business as possible for the small things, so that when he has to refinance billions of dollars re: his loan w/ the banks, creditors will see how he's been operating as of late and are more likely to negotiate with him or reframe how much they think they can recoup.
So, stiff people for hundreds of thousands here and there in the hopes that you can shave a few billion off of the more important debt
That doesn't make any sense. He's lost 10's of billions on Twitter. Nor do banks operate in that way This is just who he is.
Imagine thinking Musk is some 5d chess expert and not just a fucking dumbarse with too much money.
Why would being an idiot incline the bank to lend at more favorable terms? If anything this kind of behavior is a red flag for lenders.