The lying, spin and misdirection Musk has attached to his Twitter bid might have been fun when he first hatched the offer, but a judge is looking now.
Yes, he’s the world’s richest person, but his sagging Tesla shares, among his most liquid holdings, lost 16% of their value last week after the company’s car sales didn’t meet expectations. He may have to fork over more cash or sell assets such as part of his stake in SpaceX to fully fund the takeover. Reality is catching up to Musk, and it’s all very Trumpy.
Both men are thin-skinned and unpredictable; they both revel in lashing out at their critics on social media; they both use social media to foster cults of personality; and they both seem to think they possess a universal intelligence. But saying you have a mega-app called “X” in mind, without putting any clothing on the idea, sends out just the right amount of guru-ness to the fanbase. When one Musk follower told him on Twitter that it “would have been easier to just start X from scratch”, Musk hit that softball out of the park with this reply: “Twitter probably accelerates X by 3 to 5 years, but I could be wrong.”
Musk — who has amazing, outsize accomplishments under his belt at Tesla and SpaceX — isn’t anywhere close to the kinds of existential legal problems Trump is enduring. Still, for someone who routinely thumbed his nose at the SEC, his experience going against Twitter in the Delaware chancery court to try to extricate himself from the buyout has to have been a sobering experience.
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