Elizabeth Holmes, Softbank’s China Woes, and More Tesla Inanity

elizabeth holmes and joe biden
Photo by Anda Chu via Getty Images
William D. Cohan
November 21, 2021

Each week, I receive feedback from readers and sources about Wall Street’s biggest characters and concerns. I’ll be engaging with some of those questions here—in addition to a few observations of my own.

Softbank’s C.F.O. recently conveyed to the Journal some dispiriting news about its investments in crypto and China, among other sectors. Does Wall Street have a revised view of the fund?

Wall Street will always view Softbank as the gravy train, the place to turn to if a startup company you are working with needs a lot of capital fast. There is, after all, no bigger venture capital fund on the planet, and if the WeWork saga made anything clear, it is that Masayoshi Son, Softbank’s founder, has a lot of money at his disposal and a nearly insatiable appetite to spend it. It can be the one-stop shop for all your outlandish funding needs and desires.