mostly borrowing. and the financing was set up months ago. that's also why the banks who financed it are getting screwed: they wrote high yield debt at a SOFR + Xpts spread that is way smaller than the HY market is currently demanding so uhh good luck selling that at par lmao

(p.s. before anybody goes off about elon screwing them or whatever this is not the only case, same thing is happening with citrix rn)