Wall Street Dumps Elon Musk

This one deal has completely ruined him

To me, this is what happens when you let power get to your head, personally I do not like Elon Musk’s personality, he isn’t the kind of individual I would ever aspire to be.

There are a lot of factors at play with the destruction of Wall Street and Elon Musk’s teenage relationship

All my articles are free to read, read this one here — Shubhransh’s Substack

First and foremost

Banks like Morgan Stanley, Bank of America, and Barclays are selling off billions in loans tied to Elon Musk’s acquisition of X (formerly Twitter).

Significant changes to the revenue models of X made it almost impossible for these banks to keep any faith in Musk’s new X “administration”

In fact, some people literally refer to is as the worst deal to have happened since the Financial crisis of 2008, ouch.

In recent times, due to increased confidence in X since Musk became a member of the US government, these banks are now starting to sell off their loans

Which suggests that while they’re happy about these short term successes for X, they have lost all confidence for its future and…