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The car industry execs should be laughing their heads off at naive bank execs assuming they know more about it than the car execs. Don’t they think the car execs already know what the risk and competitive nature of their own business.
Guess what bankers, this is how you produce positive growth in a real productive industry, and its risky business. Instead the bankers prescription assumes managed decline.
It’s like that new guy at work who constantly tells everyone about ‘hacks’ only they’ve discovered, when everybody already knows about them.
He bought it because he was going to be forced to https://finance.yahoo.com/news/why-did-elon-musk-agree-080448660.html
I really dislike how this fact is being forgotten. There is no ‘big brain’ conspiracy going on here he got caught out making an offer that he didn’t actually mean to be taken seriously. The rest has been making the best, for himself, of a bad situation.
Also this article only gets to the really interesting question in the last twenty words or so. ‘Why are people still on there?’ Thats the analyses good journalists could be focusing on.