After such claim they are required to file a 8K in 3 days proving it, end of story, this is how the game is played. I am betting they won't. The Saudis bought just under 5% of Tesla stock, nothing more. ------------------------ An opinion I agree with: " I think everybody is missing the boat here about "funding". No way Musk has secured anything like $80B in fresh funds for a MBO. What he is talking about is coercing the insiders and institutions (that's about 80% of the company) to leave their money in as the company goes private. Why anybody would agree to that -- considering there is no market in which to sell those shares -- is a huge mystery, but that's what Musk is thinking. And he is thinking the other 20% retail investors will mostly leave their shares in this pig, with no disclosure requirements and no liquidity. An insider might do that with promises of special deals. For a retail investor to do that is completely nutz. Nonetheless, that is Musk's plan. And in the process he has pumped the stock so the 2019 tranche converts to new stock and doesn't require any fresh cash. So he "only" needs abut $8Bn of fresh cash to buy out the "unfaithful" retail shareholders and to cover the next year or two of op losses and capex. And this is why the stock is trading nowhere near Musk's $420 target."
The Goody Group CEO lady on CNBC has just said: "I am surprised Tesla hasn't already filed an 8K disclosing the nature of the funding." Now she is talking about criminal prosecution. Elon, the genius criminal mind...
Lots of armchair quarterbacks, here and on TV. If everyone were so brilliant they'd be prosecutors or running multi B Businesses. Get a life, go live a little.
Q: What do you call 100 lawyers working all night in a hot tent drinking Red Bull? A: Funding secured!
Should tell this to Musk. Working 7/7, 18 hours a day, sleeping in the factory, and in his free time fighting with the press and Wall Street. And when he is sleeping he probably has Tesla nightmares. No wonder he has to find constantly another woman who wants to "live" with him. I have far less money but a much better life, and my wife does not run away...
Ranking relative probabilities at this point as a casual small time option trader and observer, I'd say: 1. Bail / Bankruptcy before Buyout 2. Elon Musk going to Prison before going Private with Tesla 3. $320 before $420 (and I think I'm being very generous) Locking Elon Musk Up would be a good first step, but not enough to make America great again. I take it you are the real and only quarterback here nursebee? I'd replace "coercing" "thinking" etc with "wet dreaming" and say IMHO Elon Musk is not smart enough for such a plan. I respectfully disagree here. Elon Musk has been a disaster as CEO at Tesla, and should be removed ASAP, along with those useless Tesla board members. Elon Musk is not a genius, but a lucky con IMHO. He's been poorly advised by his legal team, or he's ignored / refused to follow sound legal advice, or he has assembled a legal team that is as incompetent as corporate legal counsels as he is as a corporate executive.
Elon Musk does have similar personality traits compared to Trump. Wait, you're talking about a US presidency on Earth right? Not Mars please. Otherwise I must raise serious objections on behalf of Martians to Elon Musk's presence on Mars in any shape or form, for any duration, however transient. I'd also object to Elon Musk's rockets landing on Mars or circling around Mars. Musk is welcome to make Mars Bars great again while he's in jail (assuming prosecutors at the SEC would carry out their duties faithfully and competently). If Trump is still the president after Musk has served out his jail sentence, Trump might demand that Elon Musk be deported back to South Africa.
Then the SEC itself might get sued for dereliction of duty, misconduct, or corruption. While you might be right, you should still note that this is a high profile case, with many high profile institutions, hedge funds, and high net worth, well-connected individuals involved. Tesla is the most shorted stock, almost 35 millions shares, costing over 10 Billion dollars. There are plenty of superb, experienced attorneys who will be thrilled to take the case against Elon Musk and Tesla, or the SEC if it turns a blind eye on the case. . The SEC has a pretty good incentive to throw the book at Elon Musk. And that's just the criminal aspect of the case. The massive civil damages in the coming wave of class actions may be equally tantalizing. There is a good chance that by the time plaintiffs' attorneys are done with Elon Musk and Tesla, there won't be much incentive left for Tesla to continue as a going concern. . Never underestimate the crushing power of a nasty, drawn-out legal battle, with its humiliating discoveries, excruciating depositions & cross-examinations, deal-breaking injunctions, astronomical costs, and explosive twists and turns that are mentally, psychologically, and physically debilitating. Elon Musk will likely make a horrible witness on the stand. Before or After a 1 for 100 Reverse Split?