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Musk's tweet comes a day after he raised the possibility of
Twitter going bankrupt. Earlier in the day, in his first
company-wide email, Musk warned that Twitter would not be able
to "survive the upcoming economic downturn" if it fails to boost
subscription revenue to offset falling advertising income, three
people who have seen the message told Reuters.
Twitter currently has $13 billion in debt and faces interest
payments totaling close to $1.2 billion in the next 12 months.
The payments exceed the company's most recently disclosed cash
flow, which amounted to $1.1 billion as of the end of June.
Meanwhile, electric carmaker Tesla added to its inventory in
Shanghai, China, at its fastest pace ever in October.
Tesla, which counts China as a key market and production base
operates a factory in Shanghai that accounted for about half of
its global deliveries last year.
In October, Tesla produced 87,706 Model 3s and Model Ys in
Shanghai but delivered 71,704 vehicles, leaving a gap of 16,002
China-made cars in inventory, according to data from China
Merchants Bank International (CMBI).
In a bid to boost sales, Tesla reduced prices for its Model 3
and Model Y cars in China and also offered an additional rebate
for buyers who take delivery in November and buy insurance from
one of its partners.
Musk told analysts last month that demand was strong in the
quarter and he expected Tesla to be "recession-resilient".
Musk is also the CEO of satellite internet company SpaceX,
brain-chip startup Neuralink and tunneling enterprise The Boring
Company.
(Reporting by Shivani Tanna in Bengaluru; Editing by Dhanya Ann
Thoppil)
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