Clickbait title, I apologize but its Rule5 to keep the original titles.
This article performs a business analysis on Elon Musk, and where the money seems to have been going with regards to Tesla, SpaceX, and of course Twitter this year. With $1.3+ Billion interest payments coming up, Twitter is likely low on cash soon.
It seems premature to call Elon out (ie: the clickbait title is too clickbait), but this article makes a good case why Elon’s financial situation across these companies is in trouble.
With regards to Tesla itself: Cybertruck is a dud that is only there to hype the stock price at this juncture. With only 10 deliveries from the delivery event, “2024” for the start of the limited production $80,000 model and an unknown “2025” date for the cheaper mass production model, there’s no hope for Cybertruck to be financially relevant any time soon.
With Rockets exploding at SpaceX, with Tesla ramping up production (ie: $$$$$$ spent), and Twitter losing $Billions/year on interest alone (let alone all the other costs going on), the article suggests that a Twitter bankruptcy is in Elon’s best interest to keep things moving.
An interesting argument, we will see how it plays out over the next year.
What I meant is that all manufacturers are facing demand issues right now.
I read one article trying to put this in perspective, stated EVs growth was 25% over the last year, the fastest growing car segment. However manufacturers had planned for 100% growth. Who does that? Also different brands had different demand, and finished that it might be affected by who developed compelling h vehicles and effectively marketed them, with dealers that sell them. There’s way too many problems with this picture to simplify it to “there’s no demand”