this post was submitted on 17 Mar 2025
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Technology

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[–] Banzai51@midwest.social 13 points 23 hours ago* (last edited 23 hours ago)

Tesla was overinflated because it was run as a software startup, where they had money pouring in from venture capital. They had money coming in, but it wasn't simply from sales. Let's see if that stalls too.

But wasn't his Tesla shares used as collateral for the Twitter financing? If Tesla tanks enough, won't his Saudi banking backers raise hell?