$TSLA

This TSLA deal reminds me of the Greespan saying 'do you believe in your crazy old theory or your lying eyes?'. How can funding be secured if we are talking about twice the size of the largest LBO ever at twice the EV/EBITDA multiple of recent deals? On the other hand, how can he go out in public so strongly without having something to back it up? He must have something, but what
 
m22au said:
and now the SEC is getting involved:

"SEC Launches Inquiry Into Musk "Going Private" Tweet, Examining If Statement "Truthful""
https://www.zerohedge.com/news/2018...usk-lbo-tweet-examining-if-statement-truthful

article mentions $359.8676 conversion price of the $920 million of convertible bond due March 2019.

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Tesla is constantly losing money and maybe Musk added an additional risk by overplaying his hand. He should be forced to show the signed funding agreement for taking Tesla private.
No proof? Musk in jail, billion claims for fraude. And Tesla probably bankrupt.


Meanwhile, Tom Farley, the former President of the NYSE, had some advice for the SEC:
Dear @SEC_News, this is an easy one: ask TSLA to show you the agreement(s) signed by their funding source(s) by 5pm EST that demonstrates the funding is “secured” and “certain.” If there is no such agreement, require a statement by 5:30pm. Inspire market confidence.
 
schweiz said:
Tesla is constantly losing money and maybe Musk added an additional risk by overplaying his hand. He should be forced to show the signed funding agreement for taking Tesla private.
No proof? Musk in jail, billion claims for fraude. And Tesla probably bankrupt.


Meanwhile, Tom Farley, the former President of the NYSE, had some advice for the SEC:
Dear @SEC_News, this is an easy one: ask TSLA to show you the agreement(s) signed by their funding source(s) by 5pm EST that demonstrates the funding is “secured” and “certain.” If there is no such agreement, require a statement by 5:30pm. Inspire market confidence.
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lock_him_up_anti_trump_bumper_sticker-r7138eb2d58d14fcca75b65c17b860d66_v9wht_8byvr_512.jpg
 
vanzandt said:
He's right. 100%
I bet a lot of CEO's would agree that this Q to Q performance game thats played out with so much sensationalism in the media hinders (and is ultimately detrimental) to what a company can actually become.

I bet it takes out $420.... and keeps going. There are several large stake holders out there that had their sights set north of $500; they've had to endure a lot of BS while sticking with their positions. They're gonna feel slighted.

Elon is doing the right thing. How can anyone here bash him? Say what you want, call him what you want.... but he has executed as a CEO.... the shareholders have been well rewarded. And as he pointed out, this will ultimately be in the best interest of the 37K+ team members that comprise Tesla's workforce. That matters, and I think its been lost by Wall Street in their unquenchable thirst for an unending steam of quarterly beats.

There will be more battery fires, and more runaway auto-pilots... its inevitable really as more and more vehicles hit the streets...and I'm sure Elon knows this. Lawsuits will abound. Its just the nature of the beast. But its one thing to have your legal team in the court system battling whatever, and a completely different thing to be on CNBC weekly defending your share price and every move you make in the court of public opinion that is the 24 hour news cycle we seem to so much enjoy. Its a brilliant move. Everybody wins. Except the shorts I guess. Oh well.

Somewhere deep in one of these TSLA threads I remember writing "I would never bet against Elon Musk". That still stands. Not a culty, not a fan-boy... just an impartial observer. The guy's more than a genius... he's smart.
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O'leary agree's. He too said it's a "brilliant move".

https://www.cnbc.com/video/2018/08/08/kevin-oleary-short-sellers-tesla-elon-musk-tweet.html
 
vanzandt said:
O'leary agree's. He too said it's a "brilliant move".
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It is too early to speak of a "brilliant move". Future will tell if it was brilliant or plain stupid.
Stock should have gone directly to $420, but apparently that did not happen.
In fact price is now where it was before the Musk's announcement...
 
vanzandt said:
The guy's more than a genius... he's smart.
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I dunno. If you have at least a billion bucks and you still have to sleep in the factory office and work like 80 hours a week, something is wrong with your smartness.

I think what he has is balls. One needs giant balls to be able to lie so obviously but without hesitation.

Here is a kid a few years younger than Elon, who is a bitcoin billionaire and living large. He isn't working in production hell nor is he sweating earning calls.

https://www.rollingstone.com/cultur...-pierce-hippie-king-of-cryptocurrency-700213/
 
vanzandt said:
O'leary agrees.
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I am a big Shark Tank fan. O'leary likes to refer to his billion dollar company sell out to Mattel except he forgets to mention he "only" made 20 million on the deal. The only billionaire on the show is my fav, Cuban.

Best part of the deal was:

"O'Leary was soon fired by Mattel after the acquisition resulted in significant losses and multiple shareholder lawsuits."

So I guess Kevin and Elon are alike. :)
 
Pekelo said:
I dunno. If you have at least a billion bucks and you still have to sleep in the factory office and work like 80 hours a week, something is wrong with your smartness.

I think what he has is balls. One needs giant balls to be able to lie so obviously but without hesitation.

Here is a kid a few years younger than Elon, who is a bitcoin billionaire and living large. He isn't working in production hell nor is he sweating earning calls.

https://www.rollingstone.com/cultur...-pierce-hippie-king-of-cryptocurrency-700213/
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He was a lucky geek and thats pretty much it.
Like I said Pek... people can say what they want... but lies didn't manifest this. Elon is special. He is.


 
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