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this post was submitted on 30 Aug 2023
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No Stupid Questions
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No such thing. Ask away!
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Musk is the richest man on Earth, give or take a few billion here or there. He can keep it running as long as he wants. It's nothing but a toy to him. The problem will start when he finally gets bored of it, because he has already broken it to the point that nobody else will want it. He has killed it, it's just not dead yet as long as he keeps swinging it around and paying its bills. But one day he'll stop doing that, maybe once he finds a new, shinier toy. We just don't know when.
I don't think Musk is too happy with this purchase. The price was a significant premium and he knows it. I am not sure if he is cash positive or profitable yet. But if not, putting even more money into an expensive purchase is a hard pill to swallow. Even for someone of his wealth.
Most of his wealth is on paper. This was a pretty large purchase even by his standard.