And if Musk is a rival for the 2024 Republican nomination
PS the fact he's willing to risk $45B of other peoples money on this, likely via mix of lenders & to saddle the whole enterprise (on the existing shareholders who get suckered to staying in!) with commensurate leveraged debt - should tell you how high the stakes are. No, of course Musk himself isn't paying for it all ... don't be silly...
Bad form to quote oneself, but I've just looked this angle up:
Deal is Musk pays £21B; the rest is leveraged debt (i.e. piled on the existing company/ perceived market value)
Since Elon is about to receive the improbably-vast Performance Bonus of £23Bn for his mostly- vapourware company (seriously, there is no way Tesla is worth more than all the other top-6 car manufacturers combined) .. even if this deal bombs, Musk is still £2Bn up, himself.*
I mean - WTF!
*... providing he doesn't get his ass sued off for some gross indiscretion, non-declaration, misleading of shareholders or similar. Yet even then, he'd be ..up himself - IYSWIM.
Rubbish!rather than parroting whoever they're following in silly one liners, or even useless one word retorts/insults.
Except that's just the Constitution. Why should he care about such limitations?Musk is South African, he can’t run for the US Presidency.