If you want to know who the world’s richest man has on speed dial, then a regulatory filing on Thursday provided an insight. Elon Musk announced a score of new backers for his $44bn (£35.6bn) Twitter takeover, including Oracle tycoon Larry Ellison, the crypto market’s leading trading platform, the Qatari sovereign wealth fund and a Saudi prince.
If this was Tesla’s boss displaying his power network, it was also an admission that – despite recent words to the contrary – the numbers behind his audacious bid do matter. Discussing his offer last month, Musk said: “I don’t care about the economics at all.” For some of Wall Street’s biggest banks, Tesla’s shareholders and even Twitter users, the economics are very important indeed.
