Plunging U.S. revenue at X risks opening up a "massive hole" on its balance sheet that Musk needs to plug to stave off its financial collapse.

Musk’s repeated outbursts against advertisers have dried up the main source of revenue for the loss-making company formerly known as Twitter. A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped. At some point, he will have to provide a fresh infusion of cash to salvage his $44 billion takeover.

  • gnuplusmatt@reddthat.com
    7·
    3 months ago

    I figures it was a simple calculus, especially since BYD is the OEM that supplies parts for many of the other brands, especially the batteries.

    I’d rather benefit from that status than support a egotist like Musk. Besides anywhere outside America the Teslas are made in China, just like the BYDs 😆

    • AA5B@lemmy.world
      1·
      3 months ago

      I’d rather benefit from that status than support a egotist like Musk

      Have you looked at what your money would support, buying from BYD? If part of your decision is who profits, both choices are horrible and you could argue Musk I less horrible. This is one of the reasons I try to keep that out of my decisions.