Elon Musk got a serious financial headache when, in 2022, he promised to buy "X" – the former Twitter – and subsequently did so. Now it can go beyond Tesla.
Elon Musk may be forced to give up some of the power he has otherwise just secured with a gigantic salary package at Tesla.
The reason? The rich man's purchase of the social media Twitter – which today is called X – for DKK 305 billion in 2022.
This is because Elon Musk is not really very wealthy. At least not when you look at what he has in free funds right now and here. Instead, the rich man's wealth is mostly tied up in stock values.
And now the media Fortune believes that Musk is at a point where he may have to sell all or part of Tesla to get rid of the economic headache X has proven to be.
READ ALSO: We are at least seven years ahead of Tesla, says competitor
Suing the advertisers – including the Danish energy company Ørsted – has not borne the fruit that Musk had otherwise hoped for.
To make matters worse, no one really knows the economics of social media. That is, other than the X-top itself. So Elon Musk. The company behind the social media does not publish its finances.
The last time Elon Musk had to raise funds for X was in December 2022. Here he sold off his Tesla holdings to keep the media alive for 18 to 24 months. Now, however, 2025 is fast approaching, and no one outside "X" really knows if there is even a viable economy in the project.
Read more exciting news from and about the world of cars right here!
