Elon Musk

[tsptalk]

Elon Musk just said, although it is very tough to predict such things, his gut tells him there will be a recession in the spring or summer of 2022. 2023 at the latest.

The old gut indicator. His is probably better than mine. :laugh:

 

[nasa1974]

Elon Musk just said, although it is very tough to predict such things, his gut tells him there will be a recession in the spring or summer of 2022. 2023 at the latest.

The old gut indicator. His is probably better than mine. :laugh:

Not sure if his gut is real accurate. Maybe spring or summer. If not then sometime in 2023. My gut can do that. :nuts:

 

[Bullitt]

It was only a few years ago the US was very close to energy independence. The renewable story is a good one and many became rich from it, but it hasn't done anything to help our current situation.

Hate to say it, but we need to increase oil & gas output immediately. Extraordinary times demand extraordinary measures.

https://twitter.com/elonmusk/status/1499907549746937860

 

[tsptalk]

Elon Musk offers to buy Twitter for $43 billion, so it can be ‘transformed as private company’

"Elon Musk offered to buy Twitter for $54.20 a share, or about $43 billion."

https://www.cnbc.com/2022/04/14/elo...eds-to-be-transformed-as-private-company.html

Sent from my SM-G975U using Tapatalk

 

[Bullitt]

Now he's trying to bail on Twitter, and they're not going down without a fight.

Bret Taylor, chairman of Twitter’s board of directors, tweeted Friday afternoon that the board plans to pursue legal action to enforce the deal at the price and terms originally agreed upon.

https://www.wsj.com/articles/musk-says-he-is-terminating-twitter-deal-11657315905

 

[tsptalk]

I hear it could cost him $1 billion to back out of the deal, but I wonder how many billions he saved by selling TSLA stock in April to raise the cash to buy Twitter?

It was selling for > $1000 a share back then and now it's down about 30%. If the deal doesn't go through he can buy those TSLA shares back in the 700's.

Could that possibly have been part of his plan? And he would have did that while getting Twitter to delete millions of fake account and lift shadow banning filters for many users.

 

[rangerray]

I'm sad to hear that the deal is falling through, but isn't this what they call negotiating? I figure Musk knows what he's doing.

 

[tsptalk]

I think you're right. This isn't over. Just speculating but Twitter will likely have to sue him for breech of contract or something like that, and he knows that means airing any dirty laundry in the company through the discovery process that they won't reveal to him now about bots etc. before the purchase.

Either way the stock is likely going to fall and the shareholders will beg them to sell, even if at a lower price. :dunno:

 

[tsptalk]

Boy, he's sure antagonizing them. Right on the platform they are negotiating.

 

[Bullitt]

What a troll. How are his childish actions making society a better place?

Think about how many millions $$ will be blown in the upcoming court battle. My thought is he's going to be on the hook for it according to the contract or he's going to have to outspend twitter in the courtroom to somehow get out of and that won't be cheap either. But hey, when money doesn't matter, what does he care?

TWTR hasn't traded above $50 since May 9. Even before it was made public that he was backing out it was trading at $38. The buyout offer was $54.20, so the market never priced in a successful buyout for more than a month.