Could you start SpaceX?![]()
I would probably start something that benefits humanity. Going to Mars isn't...
Could you start SpaceX?![]()
He has quotes about Mars too... let me find one.I would probably start something that benefits humanity. Going to Mars isn't...
Well actually, it was at $357 when the Tweet came out. I was there lol... or my #3 chart was I should say.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...
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.
The funding is the Saudi soverign wealth fund and maybe another fund. in my mind he was talking about equity funding not debt fundingI have a bet to offer. They are NOT going to file an 8K proving the funding by the end of Friday's close.
He was a lucky geek and thats pretty much it.

The funding is the Saudi soverign wealth fund
What about TSLA's behavior? Musk tweeted that funding was secured right after a $250B fund (more like $700B when you consider the other fund of the same country) put their money where their mouth was. Thats the funding, he considered it secured when they followed through with the investment. And the disclosure on twitter has been ruled legal since 2013 when NFLX CEO did it on FacebookThe nature of the bet is really not about who actually is providing the funding but about Tesla's behavior