I am loathe to admit I was a fan (though not really a boy about it) in the early days of Tesla and SpaceX. I don’t even necessarily think I was wrong at the time, mind you — whether or not he deserved the credit for their achievements, his companies were pushing electric cars and rocketry in the right direction IMO — it’s just sad to see that once the curtain was pulled back, there was nothing but a narcissistic and delusional huckster behind it all.
I would say that a lot of people (myself included) fall into this boat. We were fooled a decade+ ago, but the truth is clear now
I didnt fan over him, but I definitely respected some of “his” earlier ventures, especially SpaceX. Now I just laugh when I hear his name
I’ll admit I was a minor fan of him. He seemed to have his ego pointed in a good direction. It was around the time those kids got stuck in a cave that I realised something was off.
I was never a hyper fan, but I’ll admit I was completely taken in by his PR machine, for a time.
Oh man, you nailed the turning point. Literally everyone with eyes could look at the cross section map of the cave and immediately see that a rigid vessel was not going to get even half way through. And then the tweet calling the lead rescuer a paedo? I never liked the guy but that’s when I began to really dislike him. What an utter twat.
It’s even more astonishing that the actual consequences are, almost nil.
He’s simply not paying anyone. He’s a massive fraudster and he’s getting away with it. That’s baffling. And sad.
Any normal business would have been completely disassembled by debt collectors, but that idiot somehow deflects every legal consequence.
The reason he’s able to skip so much stuff, is what he skipped on first had escrow accounts to cover missed payments.
Those are pretty much all drained now, so consequences are coming since he was obligated to refund the escrows in x days/months. That’s why it seems like he’s “getting away with it” for so long.
He’s not paying these because the other option is not paying his loans.
If he doesn’t pay them, they force him to sell a bunch of Tesla stock, doing so would drop the price and it’s already way lower than when he got the loans.
What’s an escrow account? Your comment is very clear and I understand the gist of it but I don’t actually know what escrow means.
Edit: stupid spelling mistake
I think he knew Twitter was a turd and wanted to use it as an excuse to dump Tesla stock without killing Tesla share value. The plan went awry when he couldn’t weasel out of the deal as planned and was forced to actually buy a company that was dead weight.
Pretty sure he took out loans using his Tesla stock as collateral, rather than dumping the stock outright.
