this post was submitted on 20 Nov 2023
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Technology
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I won't believe this thing can ever die until I see it rotting in the ground.
$13 Billion debt means $1.3 Billion/year interest payments.
I'm pretty sure Elon can pay that btw. But I'll be watching from the sidelines for that shitshow.
Do you really think a company like that would be paying 10% interest?
But that will involve more TSLA stock fire sales (as that's literally what he did the last time he needed to pay Twitter's bills, his "net worth" is mostly unrealized gains from his shares) and he will face more backlash for that from Tesla investors. His house of cards will collapse quicker the more he resorts to that as there's a limit to how long Tesla investors can stay patient with him treating them as his personal ATM.