Matt's understanding of M&A is... a little shallow. An MAE or MAC is about something changing between the time of the deal being signed and actually closing. T

Matt's understanding of M&A is... a little shallow. An MAE or MAC is about something changing between the time of the deal being signed and actually closing. There doesn't need to be an MAE or MAC for a deal to fall through if a representation the target makes is false. In this specific case Musk can walk if any of the reps & warranties are false (or any of the covenants are breached).