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> they didn't want him to buy and did their best to get him to not do that. They didn't want to be the target of a pump and dump. And they didn't want a bunch

by HWR_14 4y ago

> they didn't want him to buy and did their best to get him to not do that. They didn't want to be the target of a pump and dump. And they didn't want a bunch of distracting rumors from a takeover bid with no financing. As soon as Elon put financing together they said "yes" pretty quickly.

kmonsen 4y ago
The board doesn't want to sell to Elon at any price, but the shareholders told them their opinion was not very important as Elon's price was higher than anyone thought the company was worth at the time. Now there is no question that price was way too high.