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I don't think personal fortune is anywhere near as significant of a motivation for Musk as the public image of his companies or their success. I have no doubt t
by maccam94 8y ago
I don't think personal fortune is anywhere near as significant of a motivation for Musk as the public image of his companies or their success. I have no doubt that he let negative headlines get under his skin, and that he wanted to fight back.
- hdieirbeopwhd 8y agoIf he was angered by the haters, then - while tanking a couple near term shorts would serve that goal - the best most final and bold way to get back at them would be to take the company private (thereby depriving them of the opportunity to short) and succeeding (thus proving them wrong and depriving them of the opportunity to later bandwagon). Ie he meant what he said about his intentions & funding.
- maccam94 8y agoI think he also really wanted to do that, but I think he couldn't wait to announce it with a more concrete deal in hand because of the reasons I outlined above.