1\ Observations about @elonmusk's $420 LoLBO announcement:— "Elon Says" (@ElonBachman) August 8, 2018
First, the context is odd: Musk promised on the conference call that $TSLA will be forever profitable. So why does he need to go private to "end negative propaganda from shorts"? And why let them off the hook at $420?
2\ Musk suggests there will be no controlling shareholder in the LBO. He also says financing is already arranged. Ergo, he implies a syndicate of lenders has already signed documents for the deal. This is odd for two reasons…https://t.co/r7szWHirO7— "Elon Says" (@ElonBachman) August 8, 2018