It’s rare for corporate brands to become so intertwined with everyday conversation that they become verbs. It’s rarer still for the owner of such a brand to announce plans to intentionally destroy it.
An estimated $4 to $20 billion in value, what is he thinking?
I might not have all the details right, it isn’t 100% clear if Musk sold his Tesla shares or underwrote the purchase with them. There is a Reuters article that breaks it down, however I have seen some conflicting reports. The article claims he raised $20bn by selling stocks, then had to raise $2-3bn elsewhere (his existing Twitter stock was worth $4bn).
I might not have all the details right, it isn’t 100% clear if Musk sold his Tesla shares or underwrote the purchase with them. There is a Reuters article that breaks it down, however I have seen some conflicting reports. The article claims he raised $20bn by selling stocks, then had to raise $2-3bn elsewhere (his existing Twitter stock was worth $4bn).