This TSLA deal reminds me of the Greespan saying 'do you believe in your crazy old theory or your lying eyes?'. How can funding be secured if we are talking about twice the size of the largest LBO ever at twice the EV/EBITDA multiple of recent deals? On the other hand, how can he go out in public so strongly without having something to back it up? He must have something, but what
Tesla is constantly losing money and maybe Musk added an additional risk by overplaying his hand. He should be forced to show the signed funding agreement for taking Tesla private. No proof? Musk in jail, billion claims for fraude. And Tesla probably bankrupt. Meanwhile, Tom Farley, the former President of the NYSE, had some advice for the SEC: Dear @SEC_News, this is an easy one: ask TSLA to show you the agreement(s) signed by their funding source(s) by 5pm EST that demonstrates the funding is “secured” and “certain.” If there is no such agreement, require a statement by 5:30pm. Inspire market confidence.
O'leary agree's. He too said it's a "brilliant move". https://www.cnbc.com/video/2018/08/08/kevin-oleary-short-sellers-tesla-elon-musk-tweet.html
It is too early to speak of a "brilliant move". Future will tell if it was brilliant or plain stupid. Stock should have gone directly to $420, but apparently that did not happen. In fact price is now where it was before the Musk's announcement...
I dunno. If you have at least a billion bucks and you still have to sleep in the factory office and work like 80 hours a week, something is wrong with your smartness. I think what he has is balls. One needs giant balls to be able to lie so obviously but without hesitation. Here is a kid a few years younger than Elon, who is a bitcoin billionaire and living large. He isn't working in production hell nor is he sweating earning calls. https://www.rollingstone.com/cultur...-pierce-hippie-king-of-cryptocurrency-700213/
I am a big Shark Tank fan. O'leary likes to refer to his billion dollar company sell out to Mattel except he forgets to mention he "only" made 20 million on the deal. The only billionaire on the show is my fav, Cuban. Best part of the deal was: "O'Leary was soon fired by Mattel after the acquisition resulted in significant losses and multiple shareholder lawsuits." So I guess Kevin and Elon are alike.
He was a lucky geek and thats pretty much it. Like I said Pek... people can say what they want... but lies didn't manifest this. Elon is special. He is.
SpaceX survives on government orders. Not to mention NASA already did the tail landing back in 1996 as a concept.
Could you start SpaceX? I know my dumb ass couldn't. Desterio will say he could. He probably wrote a white paper on it when he was 12. And he'll be the first to tell ya so. "There's a silly notion that failure's not an option at NASA. Failure is an option here. If things are not failing, you are not innovating enough". -Elon Musk