By Hari Haran
Intro
Elon Musk is no stranger to controversy, and now he’s embroiled in yet another.
According to a recent report, the CEO of Twitter has made the bold declaration that he will refuse to pay rent for the company’s headquarters.
Musk’s startling statement, “Over my dead body,” has been met with widespread criticism and shock. It remains to be seen what consequences this decision may have for the tech mogul and his business.
Elon Musk thought on it
As if Twitter’s business wasn’t already facing enough challenges, news reports suggest that Elon Musk is adding to their troubles.
Apparently, four different companies are suing Twitter for breach of rental contracts, claiming that the social media giant owes them tens of thousands of dollars in unpaid rent. Twitter’s bills range from around $40,000 to $140,000 per month, depending on the property in question.
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Interestingly, when asked about these lawsuits, one venture capitalist claims that Elon Musk had a very strong reaction to the idea of paying rent. “Elon told me he would only pay rent over his dead body,” says Pablo Mendoza.
While it’s unclear if Musk was being literal or figurative, it’s clear that he’s not interested in helping Twitter out with their rent.
Of course, Musk isn’t the only person making controversial statements about San Francisco’s rental market. According to reports, Alex Spiro (one of Musk’s attorneys) argued that it was unreasonable for Twitter’s landlords to expect the company to pay rent.
Spiro reportedly claimed that San Francisco was a “s**thole” and that “it’s impossible to run a business in this city anymore.”
In response to Spiro’s comments, Musk himself tweeted that downtown San Francisco was “a derelict zombie apocalypse.” Clearly, the CEO of Tesla and SpaceX isn’t afraid to speak his mind, even if it means creating more controversy. While it’s unclear what impact Musk’s refusal to pay rent will have on Twitter’s business, it’s clear that the situation is far from resolved.