4 ms·

So if I understand the timeline right Musk said "funding secured", then only a couple days later asks Larry Page for money?

by 4oo4 4y ago

zingplex 4y ago
The text was sent in 2018
- kaycebasques 4y ago
  4oo4 is referring to the original "funding secured" debacle in 2018: https://www.nbcnews.com/news/amp/rcna24714 https://www.nbcnews.com/news/amp/rcna24714
mlindner 4y ago
Well with the recent information that Elon Musk was apparently blackmailed to settle with the SEC, it's now unclear now if "funding secured" was actually false or not.
- ctvo 4y ago
  > Well with the recent information that Elon Musk was apparently blackmailed to settle with the SEC ... I wouldn't call "hey, you broke the law and will receive the legal punishment" blackmailing. When a DA makes a plead deal with criminals, that's also blackmail in your world?
  - mwint 4y ago
    GP is referring to Elon’s allegations that he did in fact have funding secured, but the SEC and banking sectors for some reason blackmailed him into falsely “admitting” he didn’t. It’s in that TED interview he did on the day of the TWTR takeover offer.
    - ctvo 4y ago
      I get that, and my reading of it was Elon didn't have everything covered legally and the SEC had leverage. He did the equivalent of pleading to a lesser charge vs. fighting it. If the SEC really had nothing, Elon with his army of lawyers, would have been happy to tell them to take a hike. Like a lot of people in these situations, he may have thought he could beat this in court but due to circumstance (like Tesla's shaky financial situation at the time) accepted the deal to make it go away. That's still not blackmailing.
      - mlindner 4y ago
        > If the SEC really had nothing, Elon with his army of lawyers, would have been happy to tell them to take a hike. I think you should listen to the full quote. Musk said that bankers were withholding funding to Tesla when they were having a funding crunch so if Musk had pursued the defense in the lawsuit rather than settling then it would have bankrupted Tesla. Musk WANTED to not settle, but wasn't able to. That's what he's saying. BTW if you note, Musk in general has never settled basically any lawsuit he's ever been engaged in besides this one. He always fights until the end win or lose.

So if I understand the timeline right Musk said "funding secured", then only a couple days later asks Larry Page for money?

by 4oo4 4y ago

So if I understand the timeline right Musk said "funding secured", then only a couple days later asks Larry Page for money?

zingplex 4y ago

The text was sent in 2018

kaycebasques 4y ago
4oo4 is referring to the original "funding secured" debacle in 2018: https://www.nbcnews.com/news/amp/rcna24714 https://www.nbcnews.com/news/amp/rcna24714

mlindner 4y ago

Well with the recent information that Elon Musk was apparently blackmailed to settle with the SEC, it's now unclear now if "funding secured" was actually false or not.

ctvo 4y ago
> Well with the recent information that Elon Musk was apparently blackmailed to settle with the SEC ... I wouldn't call "hey, you broke the law and will receive the legal punishment" blackmailing. When a DA makes a plead deal with criminals, that's also blackmail in your world?
- mwint 4y ago
  GP is referring to Elon’s allegations that he did in fact have funding secured, but the SEC and banking sectors for some reason blackmailed him into falsely “admitting” he didn’t. It’s in that TED interview he did on the day of the TWTR takeover offer.
  - ctvo 4y ago
    I get that, and my reading of it was Elon didn't have everything covered legally and the SEC had leverage. He did the equivalent of pleading to a lesser charge vs. fighting it. If the SEC really had nothing, Elon with his army of lawyers, would have been happy to tell them to take a hike. Like a lot of people in these situations, he may have thought he could beat this in court but due to circumstance (like Tesla's shaky financial situation at the time) accepted the deal to make it go away. That's still not blackmailing.
    - mlindner 4y ago
      > If the SEC really had nothing, Elon with his army of lawyers, would have been happy to tell them to take a hike. I think you should listen to the full quote. Musk said that bankers were withholding funding to Tesla when they were having a funding crunch so if Musk had pursued the defense in the lawsuit rather than settling then it would have bankrupted Tesla. Musk WANTED to not settle, but wasn't able to. That's what he's saying. BTW if you note, Musk in general has never settled basically any lawsuit he's ever been engaged in besides this one. He always fights until the end win or lose.