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Elon's Giant Package

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Re: Elon's Giant Package

#11
post #10

Earlier quoted context omitted.

$46 Billion dollars worth? Does not seem likely.

US gov't has already fronted him more than 10% of that. There's plenty more where that came from. And, not even just the US! The whole takeover would have been much more fun if he had announced that his offer would drop by 1% for each day they took to accept it.

What do you mean by the US gov't has fronted him more than $4 billion?

Re: Elon's Giant Package

#12
post #11
post #10

Earlier quoted context omitted.

US gov't has already fronted him more than 10% of that. There's plenty more where that came from. And, not even just the US! The whole takeover would have been much more fun if he had announced that his offer would drop by 1% for each day they took to accept it.

What do you mean by the US gov't has fronted him more than $4 billion?

It appears they believe that SpaceX is Musk's personal slush fund.

Re: Elon's Giant Package

#13
post #11
post #10

Earlier quoted context omitted.

US gov't has already fronted him more than 10% of that. There's plenty more where that came from. And, not even just the US! The whole takeover would have been much more fun if he had announced that his offer would drop by 1% for each day they took to accept it.

What do you mean by the US gov't has fronted him more than $4 billion?

[deleted]

Re: Elon's Giant Package

#14
post #2

is this for real and should I be angry? Cathie Wood and ARK are selling too. While putting out a report with a price target of $4,600 for TSLA, they’ve been taking profits and trimming their TSLA position in their flagship ARKK fund from almost 4 million shares to less than 1 million. One of the biggest cheerleaders for Tesla is publicly saying the stock will quadruple, while cutting their holdings by 75%.

> putting out a report with a price target of $4,600 for TSLA

That is the PR department.

> they’ve been taking profits and trimming their TSLA position

That is their fund mangement arm.

Are you for real and should I be angry? Were you really unaware that the words these people say on the tv, while helpfull for their current position, dont always reflect their actions or even actual beliefs?

Re: Elon's Giant Package

#15
post #4
post #2

is this for real and should I be angry? Cathie Wood and ARK are selling too. While putting out a report with a price target of $4,600 for TSLA, they’ve been taking profits and trimming their TSLA position in their flagship ARKK fund from almost 4 million shares to less than 1 million. One of the biggest cheerleaders for Tesla is publicly saying the stock will quadruple, while cutting their holdings by 75%.

TSLA's gone up a lot in the last few years, perhaps 20% of Ark's market cap being in a single stock might be bad business? But I wonder if it's more likely to do with them losing 50% of their assets in less than a year: > As of February 2021, the company had $50 billion in assets under management. By January 2022, assets had dropped to $23.9 billion, after a period of poor performance.

where "poor performance" is clearly an understatement

Re: Elon's Giant Package

#16
There is a claim in this article that says Elon Musk his Twitter account can't be banned by the SEC if he owns Twitter. The problem with that claim is that the law > Elon.

Re: Elon's Giant Package

#17
> He’s concurrently framed the entire purchase of Twitter under some nebulous vision of free speech.

On the contrary, it is the most concrete vision of free speech I can imagine. Elon said explicitly that he wants Twitter to support any legal speech. The United States has by far the most caselaw in the world detailing the use and restriction of speech.

Re: Elon's Giant Package

#18
post #17

> He’s concurrently framed the entire purchase of Twitter under some nebulous vision of free speech. On the contrary, it is the most concrete vision of free speech I can imagine. Elon said explicitly that he wants Twitter to support any legal speech. The United States has by far the most caselaw in the world detailing the use and restriction of speech.

I think to test this, to make sure it doesn't become Truth Social (where all speech is free, but speech against the owner is bannable), that someone needs to tweet critical and/or trolling things about Musk all the time, as a sort of canary. For example, this photo of him and Ghislaine Maxwell.

https://i.dailymail.co.uk/1s/2020/07/03/20/30363780-8488279-...

I don't doubt his vision of free speech but I highly doubt his ability to prevent his ego from getting in the way of executing it. This is the same person that cancelled someone's Telsa order out of spite when they were overly critical of a launch event.

Re: Elon's Giant Package

#20
post #18
post #17

> He’s concurrently framed the entire purchase of Twitter under some nebulous vision of free speech. On the contrary, it is the most concrete vision of free speech I can imagine. Elon said explicitly that he wants Twitter to support any legal speech. The United States has by far the most caselaw in the world detailing the use and restriction of speech.

I think to test this, to make sure it doesn't become Truth Social (where all speech is free, but speech against the owner is bannable), that someone needs to tweet critical and/or trolling things about Musk all the time, as a sort of canary. For example, this photo of him and Ghislaine Maxwell. https://i.dailymail.co.uk/1s/2020/07/03/20/30363780-8488279-... I don't doubt his vision of free speech but I highly doubt h…

Agreed completely.
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