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Why "or"? Tesla and Musk do a lot of things. Some are clever, eg: Tesla gets marketing that other car companies can only dream of, for free. Other things are i

Why "or"? Tesla and Musk do a lot of things. Some are clever, eg: Tesla gets marketing that other car companies can only dream of, for free. Other things are insane, eg Musk's "secured" bid of $420 for a company that today traded unter 200, less than a year later.

deleted 7y ago
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rcMgD2BwE72F 7y ago
>Musk's "secured" bid of $420 for a company that today traded unter 200, less than a year later. This keeps being repeated ad nauseam but what's the relationship between the 'going private' tweet and today's stock price? It's been proven that the Saudi asked Musk multiple times to take Tesla private between early 2017 and summer 2018 but other shareholders resisted the attempt (with far less capital at hand than the Musk and the Saudi). Remember that non-accredited shareholders (like me) would also have been forced to sell at that time, if the company was to be delisted (which wasn't Musk's intention but still does not undermine the "funding secured" tweet one bit). In fact, today's stock price makes a strong case for the company to be taken private and even a stronger one for the attempt to do it when it was above $350.
- rohit2412 7y ago
  > Saudi asked Musk multiple times to take Tesla private Do you have a source for that? All I know is that Saudis had one meeting with him where they discussed simple investment, not going private. Further, this meeting could just be them answering a request from Elon musk, and they wouldn't even be interested.
- jcranmer 7y ago
  > It's been proven that the Saudi asked Musk multiple times to take Tesla private between early 2017 and summer 2018 but other shareholders resisted the attempt (with far less capital at hand than the Musk and the Saudi). Actually, the record seems to be that Musk was interested in taking Tesla private, and met with the Saudis once or twice, where they allegedly indicated some verbal support for the idea while not agreeing (or even discussing) on things such as at what price. Musk then took the verbal support as a full commitment to buy Tesla at a premium over current prices and gave his infamous "funding secured" tweets.
- navigatesol 7y ago
  Yes the fact that shares are now $200 is definately a strong case for having gone private at $420. Except that the go private deal was made up. "Proven"? You realize Tesla settled fraud charges for the claim right?

deleted 7y ago

[deleted]

rcMgD2BwE72F 7y ago

>Musk's "secured" bid of $420 for a company that today traded unter 200, less than a year later. This keeps being repeated ad nauseam but what's the relationship between the 'going private' tweet and today's stock price? It's been proven that the Saudi asked Musk multiple times to take Tesla private between early 2017 and summer 2018 but other shareholders resisted the attempt (with far less capital at hand than the Musk and the Saudi). Remember that non-accredited shareholders (like me) would also have been forced to sell at that time, if the company was to be delisted (which wasn't Musk's intention but still does not undermine the "funding secured" tweet one bit). In fact, today's stock price makes a strong case for the company to be taken private and even a stronger one for the attempt to do it when it was above $350.

rohit2412 7y ago
> Saudi asked Musk multiple times to take Tesla private Do you have a source for that? All I know is that Saudis had one meeting with him where they discussed simple investment, not going private. Further, this meeting could just be them answering a request from Elon musk, and they wouldn't even be interested.
jcranmer 7y ago
> It's been proven that the Saudi asked Musk multiple times to take Tesla private between early 2017 and summer 2018 but other shareholders resisted the attempt (with far less capital at hand than the Musk and the Saudi). Actually, the record seems to be that Musk was interested in taking Tesla private, and met with the Saudis once or twice, where they allegedly indicated some verbal support for the idea while not agreeing (or even discussing) on things such as at what price. Musk then took the verbal support as a full commitment to buy Tesla at a premium over current prices and gave his infamous "funding secured" tweets.
navigatesol 7y ago
Yes the fact that shares are now $200 is definately a strong case for having gone private at $420. Except that the go private deal was made up. "Proven"? You realize Tesla settled fraud charges for the claim right?