He doesn't seem to know what "secured" means. It does not mean "expressed support for proceeding subject to..."
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..ahem! I wonder if shorts know what "considering" means... As in: "I'm considering taking Tesla private..." And so they
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I'm not questioning that he was "considering" it. I'm pointing out that he misled the public by saying he had secured funding when he now admits he did not. He said all that was left was shareholder approval. The Saudis have not made an official offer.
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...I suppose it's a matter of perspective...?
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Whose perspective? The SEC's?
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Lol! That too... This will be tested soon, and found short, and life will continue as usual... Don't bet against
#elonmusk . He doesn't care for profiteering as an end result. He is on a mission and he is driven. Shorts will get burned because they cannot see & understand this... -
I shorted
$TSLA the day after@elonmusk stated#FundingSecured because it was clear he was in violation of SEC regulations. I've been a proponent of EVs since before TSLA was a company and I love what he's done at@SpaceX. It doesn't mean he gets to manipulate the market. -
You can't say "Funding Secured" subject to shareholder approval without an official offer on the table.
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He DID make it up, wth is going on? Are we living in an alternate reality? He HIMSELF just confirmed he was making it up. Wtf??
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Did you read the same blog post? When the head of the Saudi PIF says he’s eager to proceed to take Tesla private, that fully satisfies Musk’s tweet. He didn’t claim to have the details and diligence complete nor the deal done.https://www.tesla.com/blog/update-taking-tesla-private …
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Cc
@BagholderQuotes@TeslaCharts You are joking, right. I'm fairly sure there is a small army of lawyers who would strongly disagree with that, and that "funding secured" tweeted to millions by the CEO of a company at that insane valuation does NOT mean "yeah I sorta had a chat" -
It’s not even just whether or not he had this chat. When he tweeted out the nugget these important and very material details were omitted. “Funding Secured” not “I had a verbal chat, am assuming all equity, and assuming 2/3 of investors roll”, for example.
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It was a tweet intended to signal his interest in exploring a deal to other investors. Anyone can debate the meaning of funding secured but he explained it more fully today, a few days later. Any case, it’s irrelevant. They want to try to go private and so does the Saudi PIF.
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Turns out he did just make it up.
$tslaThanks. Twitter will use this to make your timeline better. UndoUndo
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It’s a crazy world
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Can you read? Elon specifically confirmed that no funding has been secured in that blog post.
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The words of Morpheus ring true for some people... "you're living in a dream world Neo". They took the Blue Pill hehe. Tesla M3 gets 4 miles per kwh. a typical ICE car gets 1 mile per kwh or less. 4X more efficient systems always displace the old way...
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Not only do they replace them, there is also no smooth transition and at least two thirds of the old tech market leaders disappear...
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