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Lending Elon Musk Money Was A Very Bad Bet

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Manage episode 436530843 series 3208963
Content provided by The Wall Street Journal. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Wall Street Journal or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

When Elon Musk bought Twitter in 2022, he borrowed $13 billion dollars from several banks to complete the deal. Now, it looks like the banks may not get all their money back. WSJ’s Alexander Saeedy on what the banks didn’t take into account when they made those loans.

Further Reading:

-Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis

-Elon Musk’s Hard Turn to Politics, in 300,000 of His Own Words

Further Listening:

-Elon Musk and Silicon Valley Turn Towards Trump
-Tesla’s Multibillion-Dollar Pay Package for Elon Musk
-Why Elon Musk’s Twitter Is Losing Advertisers

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1286 episodes

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Lending Elon Musk Money Was A Very Bad Bet

The Journal.

1,501 subscribers

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Manage episode 436530843 series 3208963
Content provided by The Wall Street Journal. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Wall Street Journal or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

When Elon Musk bought Twitter in 2022, he borrowed $13 billion dollars from several banks to complete the deal. Now, it looks like the banks may not get all their money back. WSJ’s Alexander Saeedy on what the banks didn’t take into account when they made those loans.

Further Reading:

-Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis

-Elon Musk’s Hard Turn to Politics, in 300,000 of His Own Words

Further Listening:

-Elon Musk and Silicon Valley Turn Towards Trump
-Tesla’s Multibillion-Dollar Pay Package for Elon Musk
-Why Elon Musk’s Twitter Is Losing Advertisers

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1286 episodes

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