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on Twitter — which is exactly what he told them to do — the company is entering some of its worst financial straits yet: in the second quarter, it only made $114 million in revenue in the US, according to internal figures, this is so dire that even longtime Tesla investors predict that Musk might have to sell some of his own shares in the automaker to prop up his failing website.
"I would be expecting something between $1 and $2 billion in stock," said Bradford Ferguson, president and chief investment officer of asset manager Halter Ferguson Financial in aBail-Out ButtonThe point being: Musk is willing to dupe his own investors to dig himself out of a huge financial hole — a hole that, according to, is looking like an astounding 84 percent decline in revenue from the second quarter of 2022, before he bought out Twitter and took it private.
And it's not just the advertising crisis contributing to the site's decline. The number of active daily users isWith all that in mind, Musk will have to see the writing on the wall at some point, and that means he may fall back on selling stock yet again. "The bleeding of X will continue and at some point Elon will have to sell more Tesla shares to plug the $1-2 billion per year hole at X,"However Musk decides to worm himself out of this one, Twitter's current trajectory on the business end of things looks far from sustainable, and it seems like it's just a matter of time before its owner's reckless decision-making comes home to roost.
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