4 ms·
I'm in the "impulsive purchase including buyers remorse" camp. Also yes (wo)men in Elons Musks inner circle who are unable to contradict him. Now that the deal
by arlcode 4y ago
I'm in the "impulsive purchase including buyers remorse" camp. Also yes (wo)men in Elons Musks inner circle who are unable to contradict him.
Now that the deals i done he needs to make the best of it (for his ego but also for Tesla control reasons).
What will come of it remains to be seen. It could still end in a number of ways
- anigbrowl 4y agoI don't think it's that simple. Imagine if you had 'overpaid' for ownership of most US radio broadcasting in 1938. On paper it might look like a terrible investment, but depending on your goals and alliances it might be worth massively more than the book value.
- arlcode 4y agoCould be and billionaires have a tendency to fall very softly. I'm still figuring out how the "no due diligence, no exit hatch - final offer" figures into this. Why no not do it like you usually approach a takeover of this scale. He did try to wiggle out of it almost instantly and found himself locked into the contract by "himself". To me this feels like he made a fairly emotional decision, used his influential network and personal assets to setup the deal but was afraid to "chicken out"/face reality when given the chance.