How Elon Musk is Using His Political Influence to Secure the Future of X [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
Make no mistake, Elon Musk's X project is a failure, and was on a solidifying path to bankruptcy, before Elon “saved” the platform by utilizing the political clout that he gained through the app to set his broader “X Corp” body of projects up for ongoing success. Though the tactics that he's used in doing so are highly questionable, and there's still no guarantee that X will survive, long-term, as a general social media utility. And that's before we get into his “everything app” expansion, but right now, X is indeed both solvent and safe due to a new injection of funding, as a result of Musk's political wheeling and dealing. Here's a look at how Elon has used his government role to directly prop up his business, and the various conflicts of interest in such efforts. And before
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