Flying to outer space
Comments
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No question it's a big risk, which I don't think he wanted to take on.rick_chasey said:Sure but the Tesla equity is collateral. If that tanks he can’t afford the loan he bought twitter with.
That is leverage for China
I really don't think that's how his mind works. Perhaps that's why he's been so successful and of course the 99% perspiration.0 -
Is it not just about buying the biggest most expensive toy?
As far as I can tell, he's used the value of one grossly over valued company, to buy another grossly over valued one.
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wouldn't that be in breach of WTO rules?rick_chasey said:
2 things - stop Tesla manufacturing in China and stopping Tesla selling in China.
Either would spank the share price
BASI Nordic Ski Instructor
Instagramme0 -
What about China's behaviour makes you think WTO rules matter to them?davidof said:
wouldn't that be in breach of WTO rules?rick_chasey said:
2 things - stop Tesla manufacturing in China and stopping Tesla selling in China.
Either would spank the share price0 -
Clearing the daft draft.0
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One of wall street’s most respected journalists straight up calls Musk a liar over his reason for backing out of the twitter purchase
https://www.bloomberg.com/opinion/articles/2022-05-17/elon-musk-does-not-care-about-spam-botsI think it is important to be clear here that Musk is lying.
The whole article will almost certainly have had to been cleared at the highest level at Bloomberg. Ooof.0 -
He genuinely could be on the hook for an awful lot of money.0 -
Being naive to business matters, is it normal for someone to have access to the contracts on these sorts of transactions and to publish them in the public domain (choosing Twitter is a nicely ironic touch)?kingstongraham said:
He genuinely could be on the hook for an awful lot of money.0 -
Apparently...Pross said:
Being naive to business matters, is it normal for someone to have access to the contracts on these sorts of transactions and to publish them in the public domain (choosing Twitter is a nicely ironic touch)?kingstongraham said:
He genuinely could be on the hook for an awful lot of money.
When someone buys stock that means they own 5% or more of the company's value, they need to file with the SEC a form that explains their intentions. This is either a 13D if they intend to be a passive investor, or a 13G if they intend to be actively involved.
Musk initially filed a 13D, which was a problem when he then started to talk about changingthe way it worked/buying it, because filing that means he had said explicitly that he wasn't going to do that. He then filed a 13G followed by various amendments which have to explain what is happening - and the above is part of that filing.
So he should be on the hook to the sec for filing the wrong form (which would have suppressed the share price while he was still acquiring), and potentially could be held to his offer by twitter which would be a much bigger amount. Turns out he hadn't actually got enough money to do anything he wants without noticing the difference.0 -
Tesla has fallen 30% since he put the bid in and the price he's paying is somewhere in the 20-30% higher than it probably is worth now.
Perhaps doing a LBO at the height of a boom without due diligence was not such a smart idea?0 -
Th
That has to be proved and on a business transaction which isn't finalised surely due diligence should be expected.rick_chasey said:One of wall street’s most respected journalists straight up calls Musk a liar over his reason for backing out of the twitter purchase
https://www.bloomberg.com/opinion/articles/2022-05-17/elon-musk-does-not-care-about-spam-botsI think it is important to be clear here that Musk is lying.
The whole article will almost certainly have had to been cleared at the highest level at Bloomberg. Ooof.
It will be interesting to see how the situation develops though.
https://www.youtube.com/watch?v=3Ux6B3bvO0w 0 -
Read the article. Matt knows his stuff.focuszing723 said:Th
That has to be proved and on a business transaction which isn't finalised surely due diligence should be expected.rick_chasey said:One of wall street’s most respected journalists straight up calls Musk a liar over his reason for backing out of the twitter purchase
https://www.bloomberg.com/opinion/articles/2022-05-17/elon-musk-does-not-care-about-spam-botsI think it is important to be clear here that Musk is lying.
The whole article will almost certainly have had to been cleared at the highest level at Bloomberg. Ooof.
It will be interesting to see how the situation develops though.https://www.youtube.com/watch?v=3Ux6B3bvO0w0 -
No don't want to.rick_chasey said:
Read the article. Matt knows his stuff.focuszing723 said:Th
That has to be proved and on a business transaction which isn't finalised surely due diligence should be expected.rick_chasey said:One of wall street’s most respected journalists straight up calls Musk a liar over his reason for backing out of the twitter purchase
https://www.bloomberg.com/opinion/articles/2022-05-17/elon-musk-does-not-care-about-spam-botsI think it is important to be clear here that Musk is lying.
The whole article will almost certainly have had to been cleared at the highest level at Bloomberg. Ooof.
It will be interesting to see how the situation develops though.https://www.youtube.com/watch?v=3Ux6B3bvO0w
Maybe in the evening.0 -
Was that Musk's attitude too?focuszing723 said:
No don't want to.rick_chasey said:
Read the article. Matt knows his stuff.focuszing723 said:Th
That has to be proved and on a business transaction which isn't finalised surely due diligence should be expected.rick_chasey said:One of wall street’s most respected journalists straight up calls Musk a liar over his reason for backing out of the twitter purchase
https://www.bloomberg.com/opinion/articles/2022-05-17/elon-musk-does-not-care-about-spam-botsI think it is important to be clear here that Musk is lying.
The whole article will almost certainly have had to been cleared at the highest level at Bloomberg. Ooof.
It will be interesting to see how the situation develops though.https://www.youtube.com/watch?v=3Ux6B3bvO0w
Maybe in the evening.The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
lol as Levine explains it's not about the due diligence around bots - the reason he said he was buying twitter was to get rid of the bot problem0
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I don't know. What I do know is inflation is at 9% and the BOE's remit is to keep it around 2%.pblakeney said:
Was that Musk's attitude too?focuszing723 said:
No don't want to.rick_chasey said:
Read the article. Matt knows his stuff.focuszing723 said:Th
That has to be proved and on a business transaction which isn't finalised surely due diligence should be expected.rick_chasey said:One of wall street’s most respected journalists straight up calls Musk a liar over his reason for backing out of the twitter purchase
https://www.bloomberg.com/opinion/articles/2022-05-17/elon-musk-does-not-care-about-spam-botsI think it is important to be clear here that Musk is lying.
The whole article will almost certainly have had to been cleared at the highest level at Bloomberg. Ooof.
It will be interesting to see how the situation develops though.https://www.youtube.com/watch?v=3Ux6B3bvO0w
Maybe in the evening.
There's a bloody basking shark frying at the moment.0 -
It's a good article. I've been idly watching it through following nycsouthpaw (who knows his stuff), but the article lays it all out very clearly.
He's trying to welch on a deal, but put enough mud in the water to keep the fanbois on side.0 -
Anyone thinking the BoE can control worldwide inflation is deluded.focuszing723 said:
I don't know. What I do know is inflation is at 9% and the BOE's remit is to keep it around 2%.pblakeney said:
Was that Musk's attitude too?focuszing723 said:
No don't want to.rick_chasey said:
Read the article. Matt knows his stuff.focuszing723 said:Th
That has to be proved and on a business transaction which isn't finalised surely due diligence should be expected.rick_chasey said:One of wall street’s most respected journalists straight up calls Musk a liar over his reason for backing out of the twitter purchase
https://www.bloomberg.com/opinion/articles/2022-05-17/elon-musk-does-not-care-about-spam-botsI think it is important to be clear here that Musk is lying.
The whole article will almost certainly have had to been cleared at the highest level at Bloomberg. Ooof.
It will be interesting to see how the situation develops though.https://www.youtube.com/watch?v=3Ux6B3bvO0w
Maybe in the evening.
There's a bloody basking shark frying at the moment.The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
What's that got to do with Musk reneging on a deal to buy twitter?focuszing723 said:
I don't know. What I do know is inflation is at 9% and the BOE's remit is to keep it around 2%.pblakeney said:
Was that Musk's attitude too?focuszing723 said:
No don't want to.rick_chasey said:
Read the article. Matt knows his stuff.focuszing723 said:Th
That has to be proved and on a business transaction which isn't finalised surely due diligence should be expected.rick_chasey said:One of wall street’s most respected journalists straight up calls Musk a liar over his reason for backing out of the twitter purchase
https://www.bloomberg.com/opinion/articles/2022-05-17/elon-musk-does-not-care-about-spam-botsI think it is important to be clear here that Musk is lying.
The whole article will almost certainly have had to been cleared at the highest level at Bloomberg. Ooof.
It will be interesting to see how the situation develops though.https://www.youtube.com/watch?v=3Ux6B3bvO0w
Maybe in the evening.
There's a bloody basking shark frying at the moment.0 -
We have the highest inflation in the G7.pblakeney said:
Anyone thinking the BoE can control worldwide inflation is deluded.focuszing723 said:
I don't know. What I do know is inflation is at 9% and the BOE's remit is to keep it around 2%.pblakeney said:
Was that Musk's attitude too?focuszing723 said:
No don't want to.rick_chasey said:
Read the article. Matt knows his stuff.focuszing723 said:Th
That has to be proved and on a business transaction which isn't finalised surely due diligence should be expected.rick_chasey said:One of wall street’s most respected journalists straight up calls Musk a liar over his reason for backing out of the twitter purchase
https://www.bloomberg.com/opinion/articles/2022-05-17/elon-musk-does-not-care-about-spam-botsI think it is important to be clear here that Musk is lying.
The whole article will almost certainly have had to been cleared at the highest level at Bloomberg. Ooof.
It will be interesting to see how the situation develops though.https://www.youtube.com/watch?v=3Ux6B3bvO0w
Maybe in the evening.
There's a bloody basking shark frying at the moment.
The BofE has taken the credit for low inflation for 20 years and now it is soaring they say it is nothing to do with them0 -
There are many sensible people, in the know, who think that 15-20% of all internet traffic is fake so this can not come as news to Elon0
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My point is the BoE can only control the inflation rate above or below the rest of the G7 at best. We are currently in worldwide inflation.surrey_commuter said:
We have the highest inflation in the G7.pblakeney said:
Anyone thinking the BoE can control worldwide inflation is deluded.focuszing723 said:
I don't know. What I do know is inflation is at 9% and the BOE's remit is to keep it around 2%.pblakeney said:
Was that Musk's attitude too?focuszing723 said:
No don't want to.rick_chasey said:
Read the article. Matt knows his stuff.focuszing723 said:Th
That has to be proved and on a business transaction which isn't finalised surely due diligence should be expected.rick_chasey said:One of wall street’s most respected journalists straight up calls Musk a liar over his reason for backing out of the twitter purchase
https://www.bloomberg.com/opinion/articles/2022-05-17/elon-musk-does-not-care-about-spam-botsI think it is important to be clear here that Musk is lying.
The whole article will almost certainly have had to been cleared at the highest level at Bloomberg. Ooof.
It will be interesting to see how the situation develops though.https://www.youtube.com/watch?v=3Ux6B3bvO0w
Maybe in the evening.
There's a bloody basking shark frying at the moment.
The BofE has taken the credit for low inflation for 20 years and now it is soaring they say it is nothing to do with themThe above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
He will struggle to make the argument that bots is an MAE. I think he can walk away, but it will be costly because he may be sued for the loss.
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Imagine being the "richest man in the world" and pleading poverty to walk away from buying a trinket you have decided you don't want anymore.0
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He gave the reason for buying it was to solve the bot problem, so he can't then decide that bots are putting him off buying it.surrey_commuter said:There are many sensible people, in the know, who think that 15-20% of all internet traffic is fake so this can not come as news to Elon
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He's 30% poorer than he was when he tried to buy it, and he's buying it at 20-30% more than it is currently worth.kingstongraham said:Imagine being the "richest man in the world" and pleading poverty to walk away from buying a trinket you have decided you don't want anymore.
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He's surely still got enough money to buy it without needing financing, but it would mean selling other stuff which would crash those shares and make him less wealthy.rick_chasey said:
He's 30% poorer than he was when he tried to buy it, and he's buying it at 20-30% more than it is currently worth.kingstongraham said:Imagine being the "richest man in the world" and pleading poverty to walk away from buying a trinket you have decided you don't want anymore.
Or maybe he just wants a reason to sell a load of shares.0 -
No. His wealth is tied up in tesla equity.kingstongraham said:
He's surely still got enough money to buy it without needing financing, but it would mean selling other stuff which would crash those shares and make him less wealthy.rick_chasey said:
He's 30% poorer than he was when he tried to buy it, and he's buying it at 20-30% more than it is currently worth.kingstongraham said:Imagine being the "richest man in the world" and pleading poverty to walk away from buying a trinket you have decided you don't want anymore.
Or maybe he just wants a reason to sell a load of shares.
If he sells that he needs to pay *a lot* of capital gains tax, which he won't be doing.
He's basically borrowing against his tesla stock - which is why the stock price of tesla matters. The less Tesla is worth, the more expensive the borrowing is.
Lucky for him, you don't pay tax on stuff you borrow to buy stuff, so he can have all that paper wealth and then go and buy things.0 -
Quite - he's absolutely rich enough to buy it without financing, but he doesn't want to accept the consequences of actually turning his shares into cash when the lenders turn scared because he is overpaying.rick_chasey said:
No. His wealth is tied up in tesla equity.kingstongraham said:
He's surely still got enough money to buy it without needing financing, but it would mean selling other stuff which would crash those shares and make him less wealthy.rick_chasey said:
He's 30% poorer than he was when he tried to buy it, and he's buying it at 20-30% more than it is currently worth.kingstongraham said:Imagine being the "richest man in the world" and pleading poverty to walk away from buying a trinket you have decided you don't want anymore.
Or maybe he just wants a reason to sell a load of shares.
If he sells that he needs to pay *a lot* of capital gains tax, which he won't be doing.
He's basically borrowing against his tesla stock - which is why the stock price of tesla matters. The less Tesla is worth, the more expensive the borrowing is.
Lucky for him, you don't pay tax on stuff you borrow to buy stuff, so he can have all that paper wealth and then go and buy things.0
https://www.youtube.com/watch?v=2cNLh1gfQIk
