Elon Musk Considering Purchase of Silicon Valley Bank Following Financial Struggles
In recent news, tech mogul Elon Musk has been considering the purchase of Silicon Valley Bank (SVB) following his company’s financial struggles. SVB is a financial services company that provides banking and other financial services to technology and life science companies. It is one of the largest banks in the United States and is headquartered in Santa Clara, California. Musk’s company, Tesla, has been struggling financially for some time now. The company has been burning through cash and has been unable to turn a profit. In an effort to shore