Wait till Congress lobbyists read this
If they're loans, what do they hold from Musk as collateral?
It's unclear what exactly their plan is to secure a return on their investment given that every time Musk's been asked to present a path to profitability he's sent an AI-generated image of himself as the chad and the banks as the soy wojak.
Time to dust off the "I'll Do It Again" meme
tbf nobody could've predicted this outcome except umm...everyone
Bummer for them
Put your trust in idiotic racist nepo fascists and you get screwed! Incredible.
Why on earth did banks lend him billions to buy something every experts said was way over valued?
“The banks that agreed to underwrite a deal that even Musk said was overvalued did so largely because the allure of banking the world’s richest person was too attractive to pass up, according to people involved in the deal.” - WSJ