arstechnica.com

From that article...

... If Twitter did not make its first interest payment, it would join a small but notorious club of companies dubbed "NCAA" by debt traders"short for "no coupon at all""that includes US car rental company Hertz and German payments group Wirecard.

Such a default on its debt would probably result in Twitter's management filing for bankruptcy, at which point the US courts would begin an expensive and bureaucratic debt restructuring process.

Musk could avoid this fate by settling the interest from Twitter's dwindling cash reserves or selling more equity in the company to fund the payments"both painful options. The business has a cash position of about $1 billion, Musk has said. He has also warned that its net cash outflow could be about $6 billion next year without additional cost-saving measures.

Rising interest rates mean the debt will become more and more expensive, at the same time as Twitter's enterprise value has been damaged.

Bankers and experts observing the deal said Musk was unlikely to file for bankruptcy, which would risk him losing control of the business.

Instead, his options include cutting a new deal with lenders, such as a debt-for-equity exchange at a discount to the debt's face value, or finding alternative ways to fund its interest payments as he plays for time to turn around the business. "It is more likely [Musk] would ask Twitter's creditors for a forbearance and try and work something out," said one restructuring banker....

"Talented but crazy": Potential jurors give court their opinions on Elon Musk
arstechnica.com

...Jury selection in a class-action lawsuit against Tesla CEO Elon Musk began today in a federal courthouse in San Francisco. Not surprisingly, potential jurors already knew who Musk is, and some expressed strong, negative opinions about him.

One woman called Musk "talented but crazy" in a questionnaire distributed to potential jurors. Other potential jurors described Musk as arrogant, narcissistic, unpredictable, and irrational. One said Musk has a mercenary personality.

That doesn't mean Musk won't get a fair trial. The jury selection process, while imperfect, is designed to exclude jurors who cannot make impartial judgments based on the evidence....

Lead plaintiff Glen Littleton is seeking billions of dollars in damages for a class of investors who bought Tesla shares at inflated prices and sold at a loss after Musk's false claim in 2018 that he had secured funding to take Tesla private at $420 per share. Chen, a judge at US District Court for the Northern District of California, already ruled that Musk recklessly made false statements on Twitter....

Here's what's at stake in Elon Musk's Tesla tweet trial
www.npr.org

...In 2018, before Elon Musk was making headlines for his role in running Twitter, he was making headlines for another Twitter-related controversy: allegedly using the platform to commit fraud.

Back then, a series of tweets about a possible $72-billion Tesla buyout that never materialized got Musk, the electric vehicle maker's CEO, in trouble with the U.S. Securities and Exchange Commission. The SEC said the billionaire knew a deal wasn't on the horizon.

Now, a civil trial stemming from those tweets is being watched as a window into Musk's behavior, past and present, which means the trial could produce new controversies of its own.

The trial starts Tuesday in San Francisco with jury selection. Here's what else you need to know.

First, a quick refresher on what happened with the buyout tweets...

A good article to read if you need to get up to speed on the trial...