As he was offloading almost $3.6 billion of Tesla Inc. shares this week, Elon Musk took to Twitter, his newest business, to offer some financial advice.
“At risk of stating obvious, beware of debt in turbulent macroeconomic conditions, especially when Fed keeps raising rates,” he wrote on Tuesday, the day before the US central bank boosted its policy rate by another 50 basis points.
Elon Musk
Photographer: Scott Olson/Getty Images
Among those who have reason to be concerned about such things: Musk himself.
His Twitter Inc. buyout piled about $13 billion of high-interest debt onto the social media platform. The riskiest portion, with a painful …
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