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Would Elon Musk sell X as losses mount? Experts weigh in
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CEO Elon Musk attends the Atreju political meeting organised by the young militants of Italian right wing party Brothers of Italy - CREDIT: Future Publishing/Getty Images (NEW YORK) Days after Elon Musk bought X for $44 billion last year, he strolled through the glass doors at company headquarters carrying a kitchen sink.
"Let that sink in," he said.
Now, Musk faces a difficult reality of his own: A sharp decline in the value of X totaling tens of billions of dollars in losses.
The mutual fund Fidelity values the company at less than a third of its worth at the time of the acquisition, Axios recently reported.
That revelation adds urgency to a lingering question among some observers: Would Musk sell?
An ongoing advertiser boycott and continued payments on the company s debt pose challenges that could make a sale attractive, experts told ABC News.
Musk, however, is unlikely to sell because economic incentives appear secondary in his approach to the company and such a m
Would Elon Musk sell X as losses mount? Experts weigh in
go.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from go.com Daily Mail and Mail on Sunday newspapers.
CEO Elon Musk attends the Atreju political meeting organised by the young militants of Italian right wing party Brothers of Italy - CREDIT: Future Publishing/Getty Images (NEW YORK) Days after Elon Musk bought X for $44 billion last year, he strolled through the glass doors at company headquarters carrying a kitchen sink.
"Let that sink in," he said.
Now, Musk faces a difficult reality of his own: A sharp decline in the value of X totaling tens of billions of dollars in losses.
The mutual fund Fidelity values the company at less than a third of its worth at the time of the acquisition, Axios recently reported.
That revelation adds urgency to a lingering question among some observers: Would Musk sell?
An ongoing advertiser boycott and continued payments on the company s debt pose challenges that could make a sale attractive, experts told ABC News.
Musk, however, is unlikely to sell because economic incentives appear secondary in his approach to the company and such a m
CEO Elon Musk attends the Atreju political meeting organised by the young militants of Italian right wing party Brothers of Italy - CREDIT: Future Publishing/Getty Images (NEW YORK) Days after Elon Musk bought X for $44 billion last year, he strolled through the glass doors at company headquarters carrying a kitchen sink.
"Let that sink in," he said.
Now, Musk faces a difficult reality of his own: A sharp decline in the value of X totaling tens of billions of dollars in losses.
The mutual fund Fidelity values the company at less than a third of its worth at the time of the acquisition, Axios recently reported.
That revelation adds urgency to a lingering question among some observers: Would Musk sell?
An ongoing advertiser boycott and continued payments on the company s debt pose challenges that could make a sale attractive, experts told ABC News.
Musk, however, is unlikely to sell because economic incentives appear secondary in his approach to the company and such a m
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