"In a January email to staff, Musk pointed to the company's growing influence and power, but said the finances remain problematic.
"Our user growth is stagnant, revenue is unimpressive, and we're barely breaking even," he said in the email, which was reviewed by The Wall Street Journal.
Note the term “want to”. Obviously they want to. The question is, does anyone want to buy it at that.
This is also senior debt (they’re holding onto the junior debt); if when a company is bankrupted there’s a billion in assets, 900 million in senior debt, and 10 billion in junior debt, then the holders of the senior debt are paid off in full, and the holders of the junior debt get one cent on the dollar.
Well, that’s the theory; in practice what happens is that everyone goes to court, forever.
"Our user growth is stagnant, revenue is unimpressive, and we're barely breaking even," he said in the email, which was reviewed by The Wall Street Journal.