Tesla shares jumped 11 per cent, @ the news of Musk going private with Tesla.
• https://www.cbc.ca/news/business/elon-musk-twitter-1.4776528
• https://www.cbc.ca/news/business/elon-musk-twitter-1.4776528
Elon Musk's 'funding secured' tweet could cost Tesla millions, former SEC chairman says
Business Insider
Tesla CEO Elon Musk has taken an unusual approach to potentially taking the company private. The Securities and Exchange Commission is inquiring about a tweet from Tesla CEO Elon Musk regarding the potential for the company to go private, The Wall Street Journal and Bloomberg reported this week. An inquiry from the SEC does not necessarily mean an investigation will follow. But if the agency determines one is necessary, it will start by looking at a tweet Musk posted on Tuesday, Harvey Pitt, a securities attorney and former SEC Chairman, said.
Easiest short in history once this came out and the stock popped to $380. Let the lawsuits commence.
Elon may be a brilliant idea guy, but he's a terrible CEO.
Hi Roger,
Saudi Arabia can afford the best universities, the best teachers, the best of everything. So I'm not surprised.
• https://www.cbc.ca/news/canada/london/western-saudi-arabia-students-international-1.4783236
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To deal with tact and impact is to deal with only the best, the rock solid assets.
We don't need a rocket scientist to explain it to us. :b
Elon sure is a funny guy; he uses Twitter @ his best advantage, with serious ramifications.
If they try to stop him they'll screw their own economic positions. That's only one way to view it from above.
If I was him I wouldn't take Schiit from nobody. Tesla going private with the financial aid from Saudi Arabia to secure that deal, is like a fine balancing act in this investment/energy world and the future.
You don't fool around with Elon; he'll fool with you before you can even think.
If past is a gauge of future history; it's best to have rock solid allies than rock solid enemies.