He borrowed heavily using Tesla shares as collateral. $55 billion to buy Twitter/X. This was why he was fighting so desperately to push through the "bonus" of $44 billion, which was rejected by the courts.
I can see his game plan in backing Trump. He was hoping Trump will do something to get the courts to reverse the judgement during Musk's appeal. But now, Trump and Musk relationship is showing signs of cracks.
Clearly, Musk gambled wrongly here.
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