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prisoner of waffles
May 8, 2007

Ah! well a-day! what evil looks
Had I from old and young!
Instead of the cross, the fishmech
About my neck was hung.


Zamujasa posted:

sell low, buy high

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flakeloaf
Feb 26, 2003

Still better than android clock



ole musky on the receiving end of secs crime allegation

hobbesmaster
Jan 28, 2008


https://seekingalpha.com/news/33794...ed-live-updates

in case you want live updates

so far..

quote:

Shares of Tesla (NASDAQ:TSLA) have been halted by the Nasdaq with news pending.

The halt time was recorded as 2:08 p.m. ET.

Elon Musk has issued a series of tweets on taking the company private.

Tesla has not confirmed the information in the tweets yet.

TSLA +7.39% at the time of the halt.

2:26 p.m. - Ross Gerber of Gerber Kawasaki says the company has confirmed to him the information in the Musk tweets are accurate.

2:30 p.m. - Oppenheimer warns that a Tesla buyout from a foreign entity could draw attention from The Committee on Foreign Investment in the United States.

2:33 p.m. - Circling back to Musk's Twitter replies: "My hope is *all* current investors remain with Tesla even if we’re private. Would create special purpose fund enabling anyone to stay with Tesla. Already do this with Fidelity’s SpaceX investment."

hobbesmaster
Jan 28, 2008


also apparently the social media announcement thing has come up previously with netflix and a facebook post. the SEC "investigated" and said "well if you're going to announce critical stuff on social media you have to alert people before hand through normal channels"

its doubtful anything will happen - the requirement is that these things are communicated to the public without restrictions, good luck convincing a jury that a tweet doesn't count for that

flakeloaf
Feb 26, 2003

Still better than android clock



good luck convincing a jury that rich white dude who calls himself humanitarian did anything wrong

PleasureKevin
Jan 2, 2011



so he’s actually doing a star citizen thing

PleasureKevin
Jan 2, 2011



rather than leave kickstarter and letting desperate random people give you money on your private website he’s instead taking it off nasdaq and doing the same

prisoner of waffles
May 8, 2007

Ah! well a-day! what evil looks
Had I from old and young!
Instead of the cross, the fishmech
About my neck was hung.


does it seem fair to $TSLA investors that they will (assuming Elon is not lying) let them either sell their stake at a ~20% premium or just give up on the scrutiny applied to public companies?

hobbesmaster
Jan 28, 2008


presumably thats why there'd be such a huge premium

President Beep
Apr 29, 2009


Grahms ah dint fell so gud!


Cat Face Joe posted:

there's that musky genius at work

oh, cool. what're you up to?

Endless Mike
Aug 13, 2003

Get running
Start pumping your bunions, I'm coming
I'm the dumbest, who flamethrow your function to Funyons
Flame your crew quicker than Trump fucks his youngest
Now face the flame fuckers your fame and fate's done with


i guess by selling to saudis, they can point at the non-unionized workers and say "see? at least we are not using slave labor here!"

prisoner of waffles
May 8, 2007

Ah! well a-day! what evil looks
Had I from old and young!
Instead of the cross, the fishmech
About my neck was hung.


hobbesmaster posted:

presumably thats why there'd be such a huge premium

if it's the saudi wealth fund that's putting up the money to make this happen, musk may have found people with the patience (and possibly several other qualities) necessary to keep tesla going for his lifetime

is there a term for this? despite the similarity it's not "failing upwards"

prisoner of waffles
May 8, 2007

Ah! well a-day! what evil looks
Had I from old and young!
Instead of the cross, the fishmech
About my neck was hung.


MACREAM

massive accumulations (of) capital rule everything around me

flakeloaf
Feb 26, 2003

Still better than android clock



why does a petrostate want to sell electric cars

or do they just plan to buy the ip and bury it

hobbesmaster
Jan 28, 2008


flakeloaf posted:

why does a petrostate want to sell electric cars

or do they just plan to buy the ip and bury it

the dynastic petrostates know that their future revolves around not oil, so they come up with all these crazy ideas to make the middle east a "tourist area' or trade area or something, anything else by building dumb poo poo

prisoner of waffles
May 8, 2007

Ah! well a-day! what evil looks
Had I from old and young!
Instead of the cross, the fishmech
About my neck was hung.


petrostate wealth fund is way way way beyond "gently caress you money", "gently caress this company money", or "gently caress this middling nation-state money".

it's "gently caress the world money"

flakeloaf
Feb 26, 2003

Still better than android clock



hobbesmaster posted:

the dynastic petrostates know that their future revolves around not oil, so they come up with all these crazy ideas to make the middle east a "tourist area' or trade area or something, anything else by building dumb poo poo

and by occasionally threatening to fly planes into civilian population centres

prisoner of waffles
May 8, 2007

Ah! well a-day! what evil looks
Had I from old and young!
Instead of the cross, the fishmech
About my neck was hung.


just spitballin' here but galaxy brain: SEC can't follow up on a whistleblower tip if company goes private??

https://www.washingtonpost.com/tech...ower-complaint/

Could be a good way to get rid of the (permanent) reputational risk to the tesla brand

e: not like the SEC ever wants to follow up on those tips / they have recently changed policy to encourage ratting on smaller companies and discourage ratting on larger ones

George
Nov 27, 2004

No love for your made-up things.


i mean its a cult after all

wyoak
Feb 14, 2005

a glass case of emotion


Fallen Rib

Tesla probably should be private at this point, so if they actually have the funding, good on them

Suspicious Dish
Sep 24, 2011



Fun Shoe

https://www.tesla.com/blog/taking-tesla-private

President Beep
Apr 29, 2009


Grahms ah dint fell so gud!


like, generally speaking, he's right in that being subject to the whims of rando stupid shareholders can wreak havoc

JumpinJackFlash
Nov 15, 2001


No more public scrutiny of Tesla’s creative accounting practices.

Sagebrush
Feb 26, 2012





Gravy Boat 2k

I just followed a shiny new model 3 for a while

One of its tail lights was out

the tail lights are LED units, not incandescent bulbs that burn out

Gg

Suspicious Dish
Sep 24, 2011



Fun Shoe

Where did they get the money to go private they have too much debt

President Beep
Apr 29, 2009


Grahms ah dint fell so gud!


Suspicious Dish posted:

Where did they get the money to go private they have too much debt

just erase the negative sign. boom. makin' it rain.

wyoak
Feb 14, 2005

a glass case of emotion


Fallen Rib

Suspicious Dish posted:

Where did they get the money to go private they have too much debt
China/Saudi?

hobbesmaster
Jan 28, 2008


Suspicious Dish posted:

Where did they get the money to go private they have too much debt

saudis

Bloody
Mar 3, 2013



asparagus staging is ridiculously hard and probably not worthwhile irl

Zikan
Feb 29, 2004


lmao

https://twitter.com/cnbc/status/102...1168249856?s=21

President Beep
Apr 29, 2009


Grahms ah dint fell so gud!



gently caress. already gone.

anime was right
Jun 27, 2008

by R. Guyovich


https://twitter.com/CNBC/status/1026918153467699200

President Beep
Apr 29, 2009


Grahms ah dint fell so gud!


i want to believe (but i don't)

duz
Jul 11, 2005

Excellent. The Arkham Asylum shower cam is operational once more.


flakeloaf posted:

why does a petrostate want to sell electric cars

or do they just plan to buy the ip and bury it

that would only be effective if literally any other ev was using teslas ip

Endless Mike
Aug 13, 2003

Get running
Start pumping your bunions, I'm coming
I'm the dumbest, who flamethrow your function to Funyons
Flame your crew quicker than Trump fucks his youngest
Now face the flame fuckers your fame and fate's done with


dang if only shareholders hadn't held elon to his promise they'd be producing 5000 cars a week, they wouldn't have had to make a whole bunch of broken cars for the junklot!

mrmcd
Feb 22, 2003




Saudis are exactly the kind of people rich and dumb enough to dump 70 billion into the Tesla trash fire.

PleasureKevin
Jan 2, 2011



is the saudi theory just speculation right now?

wyoak
Feb 14, 2005

a glass case of emotion


Fallen Rib

Saudi definitely invested like 2 bill, that was announced this morning

Rex-Goliath
Nov 12, 2016



oh my god i finally checked my personal email and saw the headline

lmaooooooooo

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Suspicious Dish
Sep 24, 2011



Fun Shoe

wyoak posted:

Saudi definitely invested like 2 bill, that was announced this morning

Yeah but the buyback would require 53bil and I don't think even the Saudis are that big of idiots

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