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this post was submitted on 21 Jan 2024
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They're only liable for the debt so long as the business is operational, though. If the business folds, all the debt goes with it.
The point I'm making is that, while the decisions Musk has made since buying it have only made the business worse, ultimately the reason it's going to fail is the huge amount of debt, which is primarily from the leveraged buyout. If anything, Musk's antics are nothing but those of a clown trying to distract from and give plausible deniability against the real evil that's happening.
They're only liable for the debt from the buyout. The other stuff? We'll see what the courts rule. But on the other hand, that assumes the banks were in on it.