3 ms·

Probably because it's not quite an opinion piece. A buyout at this massive scale would've been rumored by now by the potential suiters. The only other alternati

Probably because it's not quite an opinion piece. A buyout at this massive scale would've been rumored by now by the potential suiters. The only other alternative is single-buyers who are willing to put up that much personal capital, also highly unlikely.

imron 8y ago
Larry Page is on record a few years back saying he'd give his fortune to Musk rather than donate it to charity [0]. I imagine Musk has a handful of billionaire friends he could probably hit up for cash. Throw in some money from SpaceX, and he could probably make the buyout price. 0: https://www.businessinsider.com/larry-page-elon-musk-2014-3 https://www.businessinsider.com/larry-page-elon-musk-2014-3
- dragontamer 8y ago
  The buyout at $420 would cost around $70 Billion. Maybe a bit less if they leverage things (aka: find another bank who is willing to loan them some money). Larry Page doesn't have $70 Billion in cash. That's the other important part: $420 implies this is a cash buyout. Larry Page has tons of Google shares that he can offer, but that's not cash. ------------ Either someone (most likely a bank and/or international fund) has the $70 Billion that Mr. Musk alleges he has "secured", or Mr. Musk was lying on that tweet. That's really the only two scenarios here. Unfortunately, it will take a very long time for information to come about on this issue.
wang_li 8y ago
Norway. They've got a trillion dollars in their sovereign wealth fund and like to imagine they are rehabilitating their reputation as not being bad for the environment even though the basis of their wealth is oil extraction.
dragontamer 8y ago
> Probably because it's not quite an opinion piece. Then why is it published on the "opinion" section of the website? https://i.imgur.com/qjmJqaK.png https://i.imgur.com/qjmJqaK.png Its an opinion piece. A writer from Bloomberg offers their opinion on an issue, as opposed to the facts. Its very important to know when you're reading an opinion vs reading a journalism post. Most media (even Fox), does a decent job with the journalism pages. Its the opinion pieces where all the bias comes in. Still, opinion pieces are useful to see what people out there are thinking. Its important to know what the viewpoints are. But most opinion pieces "dress up" the facts to suit their argument, as opposed to reporting precisely on the facts.
- eanzenberg 8y ago
  Put your money where your mouth is. Buy at $350 currently which is a steal since this thing is going to $420, right?? LUL
  - dragontamer 8y ago
    Heh. The Tesla fanboys know me around here. I've been posting Bearish opinions on Tesla for literally years now. That doesn't change the facts. The article here is an opinion piece. If you want facts, read this one instead: https://www.bloomberg.com/news/articles/2018-08-08/tesla-take-private-skepticism-grows-after-musk-s-funding-claim https://www.bloomberg.com/news/articles/2018-08-08/tesla-tak... Seriously, for the betterment of EVERYBODY, you need to know what good factual articles are vs what opinion pieces look like. Hacker News is supposed to be a place where we elevate the discussion and have intelligent talk. There is certainly a time and place for opinion pieces, but they need to be treated with the proper amount of skepticism whenever you read them.

imron 8y ago

Larry Page is on record a few years back saying he'd give his fortune to Musk rather than donate it to charity [0]. I imagine Musk has a handful of billionaire friends he could probably hit up for cash. Throw in some money from SpaceX, and he could probably make the buyout price. 0: https://www.businessinsider.com/larry-page-elon-musk-2014-3 https://www.businessinsider.com/larry-page-elon-musk-2014-3

dragontamer 8y ago
The buyout at $420 would cost around $70 Billion. Maybe a bit less if they leverage things (aka: find another bank who is willing to loan them some money). Larry Page doesn't have $70 Billion in cash. That's the other important part: $420 implies this is a cash buyout. Larry Page has tons of Google shares that he can offer, but that's not cash. ------------ Either someone (most likely a bank and/or international fund) has the $70 Billion that Mr. Musk alleges he has "secured", or Mr. Musk was lying on that tweet. That's really the only two scenarios here. Unfortunately, it will take a very long time for information to come about on this issue.

wang_li 8y ago

Norway. They've got a trillion dollars in their sovereign wealth fund and like to imagine they are rehabilitating their reputation as not being bad for the environment even though the basis of their wealth is oil extraction.

dragontamer 8y ago

> Probably because it's not quite an opinion piece. Then why is it published on the "opinion" section of the website? https://i.imgur.com/qjmJqaK.png https://i.imgur.com/qjmJqaK.png Its an opinion piece. A writer from Bloomberg offers their opinion on an issue, as opposed to the facts. Its very important to know when you're reading an opinion vs reading a journalism post. Most media (even Fox), does a decent job with the journalism pages. Its the opinion pieces where all the bias comes in. Still, opinion pieces are useful to see what people out there are thinking. Its important to know what the viewpoints are. But most opinion pieces "dress up" the facts to suit their argument, as opposed to reporting precisely on the facts.

eanzenberg 8y ago
Put your money where your mouth is. Buy at $350 currently which is a steal since this thing is going to $420, right?? LUL
- dragontamer 8y ago
  Heh. The Tesla fanboys know me around here. I've been posting Bearish opinions on Tesla for literally years now. That doesn't change the facts. The article here is an opinion piece. If you want facts, read this one instead: https://www.bloomberg.com/news/articles/2018-08-08/tesla-take-private-skepticism-grows-after-musk-s-funding-claim https://www.bloomberg.com/news/articles/2018-08-08/tesla-tak... Seriously, for the betterment of EVERYBODY, you need to know what good factual articles are vs what opinion pieces look like. Hacker News is supposed to be a place where we elevate the discussion and have intelligent talk. There is certainly a time and place for opinion pieces, but they need to be treated with the proper amount of skepticism whenever you read them.