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The only accusation here, then can be that he wrongly assumed the should be able to parse him saying "Am considering taking Tesla private at $420. Funding secur
by eduah 8y ago
The only accusation here, then can be that he wrongly assumed the should be able to parse him saying "Am considering taking Tesla private at $420. Funding secured." to not mean Tesla the company has already finish due diligence and agreed to sell and that Tesla the company has secured funds from the buyers already.
The only reasonable interpretation of the above tweet, is to qualify the second sentence with the first, i.e he personally is only considering a buy offer and that he is secure in the funding ability of the buyer.
Choosing your interpretation, what he said in the second sentence, clearly contradicts the first sentence in the same tweet. So why are you choosing the clearly inaccurate, as due diligence is now taking place, narrowly legal interpretation of two words, over all the other context that suggests your narrow legal reading of those 2 words are not what could possibly have been meant by him.
- deleted 8y ago[deleted]
- hcknwscommenter 8y agoYou are the one taking it out of context. You are forgetting the rest of his tweet stream where he says "the only" thing in the way is a shareholder vote. High level discussions about possible billion dollar business deals happen every day. Without an agreement (e.g., term sheet), they mean nothing and certainly don't mean "funding secured." If Musk had come back immediately and said "I meant funding to be secured." It would have been a much smaller deal, but instead he doubled and tripled and quadrupled down. And now we know for certain that funding was most definitely NOT secured.