This is Solar City all over again, but at least this time it's not with public investors money.
He can now use the money raised by xAI, to pay off the debt of X, which was bleeding money.
So today in corporate America we have:
- Trump pardoning one of the most obvious scammer of the past 10 years - Trevor Milton
- Trump pardoning some obvious crypto scammers
- Musk using investors money from one of his companies, to bail out his another company, at the valuation he himself set
Unprecedented times. The damage to the rule of law will be hard repair - it will take decades.