| Twitter is being flayed alive.
That’s according to Vicki Bryan, the founder of bond research firm Bond Angle.
With so many layoffs and resignations following Musk’s “hardcore” ultimatum, Bryan says she has never seen new management blow up a company as fast as Musk is destroying Twitter.
So now the question becomes “how does Musk keep his new purchase afloat?” After years of tracking Musk and his companies, Bryan came up with a troubling possibility: raid Tesla.
After cobbling together funds for Twitter by selling off a major chunk of his stock in Tesla and taking out huge loans, Twitter has little, if any, cash cushion. Musk could, however, siphon money from Tesla to help keep his new investment afloat — a controversial strategy that would degrade the EV-maker’s financial condition. The trouble is, the move could come right as Tesla’s future is looking a lot less rosy.
How Tesla could pay the price. |