• Ashyr@sh.itjust.works
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    11 months ago

    I’m not a financial expert, but let me give my take:

    Its value as a company is largely an imaginary idea. It was never worth what Musk paid for it, but it still had a remarkably high valuation based on its actual expenses and revenue.

    I don’t know what the real numbers are, the revenue, expenses, assets and liabilities.

    I would be shocked if a $75m loss of revenue was something they could easily shrug off.