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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
Columbia-university
New-york
United-states
Italy
New-york-university
America
Italian
Paul-barrett
Elon-musk
Eric-talley
Ann-lipton
Comcast
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
Columbia-university
New-york
United-states
Italy
New-york-university
Italian
America
Paul-barrett
Elon-musk
Ann-lipton
Eric-talley
Barclays