4 ms·

He is bluffing trying to squeeze the shorts, no one rational can value it 82B unless it was waymo level tech.

mythz 8y ago
This is no bluff: > Investor support is confirmed. Only reason why this is not certain is that it’s contingent on a shareholder vote. https://twitter.com/elonmusk/status/1026914941004001280 https://twitter.com/elonmusk/status/1026914941004001280
- Kylekramer 8y ago
  You are saying it isn't a bluff with evidence from the potential bluffer.
  - mythz 8y ago
    He would be liable for Market manipulation and securities fraud if this was not true.
    - dragonwriter 8y ago
      X would be guilty of fraud if this isn't true is only proof of its truth if you treat it as axiomatic that X would never commit fraud.
- arvind3199 8y ago
  Yes he is, Where do you get 66 billion $. Investor support dosen't mean he has the financing. Don't quote a tweet, get some real sources. "And yet it also left many questions unanswered, namely how Musk -- who owns almost 20 percent of the company -- would be able to come up with the $66 billion necessary to complete the transaction. At $420 a share, Tesla would have an enterprise value of about $82 billion including debt. To take it private, the billionaire would have to pull off the largest leveraged buyout in history, surpassing Texas electric utility TXU’s in 2007."
  - mythz 8y ago
    That's an announcement from the CEO of Tesla. The details are still forthcoming but there is no greater source. $66B is inaccurate, Tesla would only need to buy from the shareholders that wish to sell at $420.
dragonwriter 8y ago
Or, maybe, about half Waymo level... https://www.thestreet.com/investing/stocks/alphabet-autonomous-driving-unit-waymo-not-worth-75-billion-but-175-billion-14675916 https://www.thestreet.com/investing/stocks/alphabet-autonomo...
stale2002 8y ago
This thought occurred to me as well. And if this really all is a bluff to raise the share price, and to buy his company a couple extra months of runway, it would be the marketing manipulation crime of the decade. I'm talking Enron level stuff, where Musk gets sent to jail. "Enron Musk" has a nice ring to it, doesn't it?
austenallred 8y ago
Clearly you haven't met the Saudis

This is no bluff: > Investor support is confirmed. Only reason why this is not certain is that it’s contingent on a shareholder vote. https://twitter.com/elonmusk/status/1026914941004001280 https://twitter.com/elonmusk/status/1026914941004001280

Kylekramer 8y ago
You are saying it isn't a bluff with evidence from the potential bluffer.
- mythz 8y ago
  He would be liable for Market manipulation and securities fraud if this was not true.
  - dragonwriter 8y ago
    X would be guilty of fraud if this isn't true is only proof of its truth if you treat it as axiomatic that X would never commit fraud.
arvind3199 8y ago
Yes he is, Where do you get 66 billion $. Investor support dosen't mean he has the financing. Don't quote a tweet, get some real sources. "And yet it also left many questions unanswered, namely how Musk -- who owns almost 20 percent of the company -- would be able to come up with the $66 billion necessary to complete the transaction. At $420 a share, Tesla would have an enterprise value of about $82 billion including debt. To take it private, the billionaire would have to pull off the largest leveraged buyout in history, surpassing Texas electric utility TXU’s in 2007."
- mythz 8y ago
  That's an announcement from the CEO of Tesla. The details are still forthcoming but there is no greater source. $66B is inaccurate, Tesla would only need to buy from the shareholders that wish to sell at $420.

dragonwriter 8y ago

Or, maybe, about half Waymo level... https://www.thestreet.com/investing/stocks/alphabet-autonomous-driving-unit-waymo-not-worth-75-billion-but-175-billion-14675916 https://www.thestreet.com/investing/stocks/alphabet-autonomo...

stale2002 8y ago

This thought occurred to me as well. And if this really all is a bluff to raise the share price, and to buy his company a couple extra months of runway, it would be the marketing manipulation crime of the decade. I'm talking Enron level stuff, where Musk gets sent to jail. "Enron Musk" has a nice ring to it, doesn't it?

austenallred 8y ago

Clearly you haven't met the Saudis