Commissar SFLUFAN Posted August 7, 2018 Share Posted August 7, 2018 The company has also allegedly received a major investment from Saudi Arabia's sovereign wealth fund. Quote Link to comment Share on other sites More sharing options...
Greatoneshere Posted August 7, 2018 Share Posted August 7, 2018 53 minutes ago, SFLUFAN said: The company has also allegedly received a major investment from Saudi Arabia's sovereign wealth fund. Is it to play 12D chess like he allegedly was by financing Republicans? So Saudis take his calls so he can influence pro-America policies on them (presumably)? Quote Link to comment Share on other sites More sharing options...
RedSoxFan9 Posted August 7, 2018 Share Posted August 7, 2018 The genocide in Yemen will be eco friendly Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted August 7, 2018 Share Posted August 7, 2018 Did Musk just fuck himself, theres no way this is true right? Quote Link to comment Share on other sites More sharing options...
Jason Posted August 7, 2018 Share Posted August 7, 2018 The tweet could be a securities fraud violation. Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted August 7, 2018 Share Posted August 7, 2018 18 minutes ago, Jason said: The tweet could be a securities fraud violation. Pedo 2 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 7, 2018 Author Share Posted August 7, 2018 1 hour ago, PaladinSolo said: Did Musk just fuck himself, theres no way this is true right? It is absolutely true. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 7, 2018 Author Share Posted August 7, 2018 Some rough math: Tesla has about 170 million shares of common stock outstanding. Of that amount, Musk owns about 20%. That means the capital required to buy out the remaining shareholders would be at least: 170 million shares * 0.8 * $420/share = $57.1 billion That's a HELLUVA leveraged (debt-financed) buy out that will have debt issued to private equity/venture capital/sovereign wealth funds/etc. In fact, Bloomberg estimates that Musk would have to come up with $66 billion. Quote Link to comment Share on other sites More sharing options...
Amazatron Posted August 7, 2018 Share Posted August 7, 2018 Anyone crying about this on Twitter saying he should be arrested or something is short Tesla. 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted August 7, 2018 Share Posted August 7, 2018 I inhaled my Diet Coke when I scrolled past his tweet. What a goober. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 7, 2018 Author Share Posted August 7, 2018 8 minutes ago, Amazatron said: Anyone crying about this on Twitter saying he should be arrested or something is short Tesla. I guess this is the most expedient way to get rid of your "short seller" problem Quote Link to comment Share on other sites More sharing options...
Jwheel86 Posted August 7, 2018 Share Posted August 7, 2018 Why would he need 100% of the shares and not a simple majority? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 7, 2018 Author Share Posted August 7, 2018 2 minutes ago, Jwheel86 said: Why would he need 100% of the shares and not a simple majority. Because he intends to take the company "private" which means that the shares won't be available to the public. He needs to buy out anyone that has stock that's traded on public exchanges. Quote Link to comment Share on other sites More sharing options...
Jwheel86 Posted August 7, 2018 Share Posted August 7, 2018 2 minutes ago, SFLUFAN said: Because he intends to take the company "private" which means that the shares won't be available to the public. He needs to buy out anyone that has stock that's traded on public exchanges. What is the difference? I don't know anything about this. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 7, 2018 Author Share Posted August 7, 2018 11 minutes ago, Jwheel86 said: What is the difference? I don't know anything about this. The difference is that you or anyone else of the general public won't be able to buy Tesla stock when the company goes "private". Everyone that currently holds Tesla stock will have to be bought out either with cash or an exchange of their currently-held stock for newly-issued stock in the new "private" Tesla. The stock will be closely-held between Tesla employees, management, and private equity investors, etc. The stock will be removed from public stock exchanges and no longer subject SEC requirements. For example, the financial statements of Tesla would no longer be publicly available. Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted August 8, 2018 Share Posted August 8, 2018 I got 20 bucks that says Elon Musk was originally just trying to make a pot joke and then talked himself into this being a serious plan after he sent the original tweet out Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted August 8, 2018 Share Posted August 8, 2018 Billionaires just shouldn’t tweet. It never seems to end well. Mr. Buffett—take heed. Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted August 8, 2018 Share Posted August 8, 2018 This will probably be a very good thing for Tesla. Quote Link to comment Share on other sites More sharing options...
TwinIon Posted August 8, 2018 Share Posted August 8, 2018 Here's a piece from The Verge discussing why taking the company private would be so difficult. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 8, 2018 Author Share Posted August 8, 2018 8 minutes ago, TwinIon said: Here's a piece from The Verge discussing why taking the company private would be so difficult. Yes, Elon's "plan" (OLOLOL!) would require the creation of a Special Purpose Vehicle/Special Purpose Entity (SPV/SPE) for those stockholders that don't cash out at $420/share. I'm not sure that it's as seemingly impossible as the article's respondents think though. Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted August 9, 2018 Share Posted August 9, 2018 Elon knows all about special purpose vehicles. He just made that child submarine 3 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 9, 2018 Author Share Posted August 9, 2018 SEC allegedly investigating the "funding secured" part of that tweet. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 10, 2018 Author Share Posted August 10, 2018 Tesla's board allegedly has no goddamned idea what Musk is talking about. Quote Link to comment Share on other sites More sharing options...
Jason Posted August 10, 2018 Share Posted August 10, 2018 29 minutes ago, SFLUFAN said: Tesla's board allegedly has no goddamned idea what Musk is talking about. Stable Genius 2020 Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted August 11, 2018 Share Posted August 11, 2018 Why do people still use Twitter? Seriously? How many lives has Twitter ruined? Quote Link to comment Share on other sites More sharing options...
RedSoxFan9 Posted August 11, 2018 Share Posted August 11, 2018 25 minutes ago, skillzdadirecta said: Why do people still use Twitter? Seriously? How many lives has Twitter ruined? Fox News and Twitter are neck-and-neck in total number of brains melted Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted August 11, 2018 Share Posted August 11, 2018 It's absurd that the markets moved so much on one of his off the cuff tweets like 3 weeks after he called a guy a pedo in a tweet for disparaging his rescue sub. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted August 15, 2018 Share Posted August 15, 2018 https://www.thecut.com/2018/08/azealia-bankss-feud-elon-musk-grimes-explained.html Quote Elon Musk announced via Twitter that he was considering making Tesla a private company with shares starting at $420, which was a pretty big business announcement. Azealia Banks claimed on Instagram that he had tweeted the decision while tripping on acid, and that after the fact, he was freaking out because he had not secured the necessary funding to take the company from public to private. Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted August 15, 2018 Share Posted August 15, 2018 Just now, 2user1cup said: https://www.thecut.com/2018/08/azealia-bankss-feud-elon-musk-grimes-explained.html Is she more reliable than Iggy azalea and or Iggy Pop? Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted August 15, 2018 Share Posted August 15, 2018 hahahahahaha Quote In a conversation with a Business Insider reporter, Banks claimed that while she was at Musk’s house, she overheard him on the phone, panicked and “scrounging for investors.” She also said “I could run Tesla better than he does,” and added that she thinks Grimes and Musk are “so pitiful.” 1 Quote Link to comment Share on other sites More sharing options...
CayceG Posted August 15, 2018 Share Posted August 15, 2018 My favorite part of that is "He's on the Down Syndrome spectrum FOR SURE." All of these people are trash in their own unique way. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted August 15, 2018 Share Posted August 15, 2018 While I do think that Musk flies by the seat of his pants, we need to keep in mind that Banks is known for creating these types of feuds for publicity because she's a horrible drama queen. She may be embellishing a lot of this. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted August 15, 2018 Share Posted August 15, 2018 9 minutes ago, CitizenVectron said: While I do think that Musk flies by the seat of his pants, we need to keep in mind that Banks is known for creating these types of feuds for publicity because she's a horrible drama queen. She may be embellishing a lot of this. It was heroin not acid. Quote Link to comment Share on other sites More sharing options...
RedSoxFan9 Posted August 15, 2018 Share Posted August 15, 2018 https://www.rollingstone.com/music/music-news/grimes-asks-asshole-to-stop-inserting-drug-quote-on-wiki-page-235749/ Grimes seems like a reasonable person Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted August 15, 2018 Share Posted August 15, 2018 1 hour ago, CayceG said: My favorite part of that is "He's on the Down Syndrome spectrum FOR SURE." All of these people are trash in their own unique way. She probably meant autism spectrum. Which is true. We are all autists to one degree or another. Quote Link to comment Share on other sites More sharing options...
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