Shmoop Finance
Make Moolah, Not War
Word of the day: Breaking The Syndicate
The destruction of one of the most powerful forces in the universe: a group of investment bankers.
Elon wants to raise money to build and sell combustible, disposable cars, but he can’t do it all by himself. So, he gathers a bunch of bankers, known as a “syndicate,” to underwrite a securities offering to be sold to the public.
Once that sale is completed, much like his customers, the syndicate is no longer of value to Elon...so he has it disbanded within a month.