Elon Musk Has Broken Even On X? Why Tesla Investors Can Breathe Easier.

Elon Musk’s social-media platform has apparently made an incredible comeback. That’s a positive for Tesla  investors in one crucial way.

Musk’s X, which was called Twitter when he bought it in Oct. 2022, is close to raising money at a valuation of $44 billion, Bloomberg reported Wednesday, citing sources familiar with the deal.

X didn’t immediately respond to a request for comment.

The number represents a remarkable recovery. Musk bought the money-losing platform for about $44 billion. After slashing staff and losing advertisers, that valuation fell to less than $10 billion, based on estimates from Musk’s X co-investors…Read Full Article