In this episode of the Money Stuff Podcast, Matt Levine and Katie Greifeld discuss Elon Musk's role at Tesla, including the possibility of him stepping down as CEO and the impact on the company's stock. They explore alternative roles for Musk, such as "Technoking," and compare Tesla's situation to MicroStrategy. The conversation shifts to X's debt, examining how banks initially faced losses but ultimately profited by holding onto the debt. They analyze the rise of private credit, linking it to the X debt deal and the pullback of traditional banks. Finally, they discuss the trend of private equity firms partnering with larger asset managers to tap into retail investor money, questioning whether this shift is a step backward in investment progress due to the higher fees and less efficient nature of private markets compared to indexed public markets.
