this post was submitted on 24 Jan 2025
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Hard to say right now. The article suggests that the banks are just trying to free up cash on their balance sheets. However, this could instead be an indication that they are looking for a "bigger fool" to take the losses. I personally think the bottom won't fall out of Xitter until the tesla share price crashes. Elon bought some time with credulous fools with the ridiculous cybercab demo, but that can't last forever. At that point I think the only question is whether SpaceX gets pulled down with all the rest of the musk ventures
If he has a falling out with Trump, he's toast.
Trump is greedy it'll take a lot for him to fall out with his main cash cow.