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comment by kleinbl00
kleinbl00  ·  2118 days ago  ·  link  ·    ·  parent  ·  post: Tesla stock leaps after Elon Musk tweets about taking electric car company private

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

https://www.bloomberg.com/news/articles/2018-08-07/afternoon-of-terror-for-tesla-shorts-fomented-by-musk-s-tweet

There were a million ways to do this. Plenty of them would have been better for shareholders. Most of them would have twisted fewer panties. But none of them would soak the Tesla short crowd quite as hard as an $800m Twitter bomb.

There's 34 million shares of Tesla short out there. He cost each and every one of them about 40 bucks today. There's another $40 worth of pain to get to his buyback price. That's potentially $24b worth of soaking for a contingent that Elon Musk takes personally.





user-inactivated  ·  2118 days ago  ·  link  ·  

You mentioned in a thread about Blue Origin and Amazon that we may have to trust space travel to psychopaths with billions of spare wealth to throw around. Aliens is starting to look like a documentary.

kleinbl00  ·  2117 days ago  ·  link  ·  

Ironically enough, the true villain in Aliens is Jack Welch's "shareholder value." By taking Tesla private Musk is theoretically working against that.

b_b  ·  2117 days ago  ·  link  ·  

Guess we'll have to trust his motivations. If we know Elon, I'm sure they're for the greater good.