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It's amazing. You have to think that $54.20 is a number that Musk insisted on just for a prank. Do we seriously believe that the deal wouldn't have been done at
by NovemberWhiskey 5y ago
It's amazing. You have to think that $54.20 is a number that Musk insisted on just for a prank. Do we seriously believe that the deal wouldn't have been done at a round $54? If you think it could, that's Musk overspending by >$150M in order to make a pot joke.
- s1artibartfast 5y agoIt is very on brand. Musk has a flair for showmanship and a track record of converting memes into cash. I think Elon Musk's Raodster[1] was the most amazing piece of cross-brand marketing in history. I couldn't even speculate how much it added to both Tesla and SpaceX valuations. https://en.wikipedia.org/wiki/Elon_Musk%27s_Tesla_Roadster https://en.wikipedia.org/wiki/Elon_Musk%27s_Tesla_Roadster
- drexlspivey 5y agoThe original "Funding Secured" tweet was about taking Tesla private at $420
- tempnow987 5y agoWhich would have been a deal actually for whoever did that at $420. But yeah, I wouldn't call him a normal MBA business type
- drexlspivey 5y agoThe $420 price was also before a 5-to-1 split if I remember correctly so that would have been a 13x bagger
- jasonwatkinspdx 5y agoIt's a way for him to essentially flip off the SEC while his fan base cheers along, for doing something that's effectively impossible for the SEC to challenge legally. It's probably worth a lot more than $150mm, as obnoxious as it is imo.