This is why using Tesla stock to source cash all the time gets hairy. If Tesla shares fall below a certain level, the banks can call in those personal loans — leaving Musk on the hook. And the quickest way for Tesla’s stock to drop off a cliff is for investors to get wind of a big Musk sale. And of course, he needs to make sure that he still holds on to all the Tesla stock he’s pledged as collateral to the banks. Unfortunately, though, the easiest way for Musk to fill the gaping hole in Twitter’s balance sheet is to sell Tesla shares. You see how this could be a problem.
On top of this- he will always be rich. He will die rich. There is no way he will never not be rich barring some very unforeseen circumstances. The only way to hit him is by humiliating him. And he really wants everyone to think he’s awesome, so that will really hurt.
On top of that, the reason why he renamed Twitter to X is because he has had this years-long dream of an everything app/site with even more options than Weibo. He thinks people want that. He thinks people want Twitter to be a bank. He thinks people want Twitter to be a dating site. He thinks people want Twitter to be a place to order pizza. He really doesn’t understand that most people don’t want a single app for everything. Especially when it’s really not a challenge to have 150 apps on your phone and find the one you need.
That’s why he’s clawing on to Twitter for dear life. It was his one and only chance to make his X idea work ever since PayPal said that X was a stupid name.