Earlier quoted context omitted.
> He's the worlds most simped compulsive liar. Still a strong #2, but he sure is trying his hardest for that top spot.
Who is number one?
Has to be Trump.
Elon’s Out
431–440 of 767 posts
Re: Elon’s Out
#432Earlier quoted context omitted.
Taking your version of events at face value: Musk hired a private investigator to dig up dirt on someone who merely criticized his rescue plan, received some lies from said investigator, and uncritically repeated them to his massive social media following, thus smearing the person concerned ... and this makes Musk a tireless advocate for the truth and social media sanity. Musk cultists are the worst. PS, if Musk can…
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> Oh, thank you arbiter of truth - however can we be so good as you to never make a mistake in our life?
Ok got it. So Musk was an idiot, and made a really stupid mistake.
Since you admit that this was all a really stupid mistake, and Musk apparently committed this stupid mistake, then it is reasonable to think that Musk attempting to buy twitter was also a really stupid mistake.
Other people were claiming that it is completely impossible for Musk to do something so stupid as to try to make a mistake by buying twitter, and then attempting to back out.
But, you should agree that those people are wrong, and apparently, yes, Musk can make very stupid decisions sometimes, like in the cave diving incident.
Re: Elon’s Out
#433Earlier quoted context omitted.
I used to ‘hang’ with a billionaire friend of the family and, maybe that might be dutch, he was incredibly frugal (drove a crappy old but not classic car, lived in a rather small house etc) and yea was obsessed with making more. He would ask me out for a coffee and ask to split the bill (or just pay his part and walk wait for me to pay my part) even though I usually just paid as I don’t like going dutch. He spent alm…
Warren Buffett reputedly lives frugally and clips coupons.
He also darns his own socks and eats from glued together porcelain. Your money is safe with him!
Re: Elon’s Out
#434I'd like to learn how to read billionaires' minds. Anyone know a good book I can read so that I can have the skills of this opinion writer?
They are of the same mind as any other person with a bit of arrogance and hubris they just have more money. Imagine some lowly millionaire putting a bid in for a piece of land / cottage he wants, and the karma that can come from that. Same thing, different scale.
> They are of the same mind as any other person with a bit of arrogance and hubris they just have more money.
Not necessarily, but those are the ones that you will hear the most about.
Re: Elon’s Out
#435Earlier quoted context omitted.
> What if the court orders Musk to close the deal and he says no? I can't believe people are taking this very silly statement seriously. This is utter nonsense. There are remedies for people who disobey court orders. Having assets makes you more vulnerable to a court's authority because you have something to lose. If a court orders specific performance and he doesn't do it then he's liable and the court will take his…
From the Wall Street Journal this afternoon: "“What are they going to do if there is a judgment and he says, ‘Well, I’m still not going to buy it’?” said Zohar Goshen, professor of transactional law at Columbia Law School. “They don’t really have tools to force him to go through with it. You don’t put people in jail because they don’t buy something.”" https://www.wsj.com/articles/twitter-elon-musk-set-for-unpre...
Why would you? Just seize and liquidate his Telsa stock, and pay it to Twitter. Done, no jail needed.
Courts are entirely capable of seizing such assets.
Re: Elon’s Out
#436Earlier quoted context omitted.
> What if the court orders Musk to close the deal and he says no? I can't believe people are taking this very silly statement seriously. This is utter nonsense. There are remedies for people who disobey court orders. Having assets makes you more vulnerable to a court's authority because you have something to lose. If a court orders specific performance and he doesn't do it then he's liable and the court will take his…
From the Wall Street Journal this afternoon: "“What are they going to do if there is a judgment and he says, ‘Well, I’m still not going to buy it’?” said Zohar Goshen, professor of transactional law at Columbia Law School. “They don’t really have tools to force him to go through with it. You don’t put people in jail because they don’t buy something.”" https://www.wsj.com/articles/twitter-elon-musk-set-for-unpre...
If he has a judgement against him, couldn't they make it very hard for him to do any further business in Delaware? That could be quite a handicap.
Re: Elon’s Out
#437Earlier quoted context omitted.
>Sure, you can sue them to close the deal but the juice isn’t worth the squeeze. LOL, I'm sure the juice will be worth the squeeze on a $44 billion dollar house.
Nope. Years of court battles distracts the company and keeps other buyers away.
They don't need other buyers. If they win the court case, the shareholders get 44 billion dollars.
Re: Elon’s Out
#438Earlier quoted context omitted.
> Musk pretended that TSLA valuation is reasonable. Musk even called out Gates for shorting TSLA stock [2]. If he didn't have a cover then Musk would look like a hypocrite for selling TSLA. This is outright false and goes directly against his multiple stated instances of saying that the Tesla stock price is overvalued. Don't make things up to suit your biases.
If you believe your company's stock is overvalued, how can you fault someone for selling the stock? Bill Gates sold TSLA stock that he borrowed. If you truly believe that TSLA is overvalued, then it makes no sense to fault someone for selling it.
He doesn't find fault with people selling the stock. He finds fault with people shorting the stock. He seems to believe shorting in general is morally wrong as it's external influences who don't understand the goal (or actively want the goal to fail) trying to make money on the failure of something.
Try and find any instance of him attacking anyone who was an investor and then sold out.
Re: Elon’s Out
#439Earlier quoted context omitted.
From the Wall Street Journal this afternoon: "“What are they going to do if there is a judgment and he says, ‘Well, I’m still not going to buy it’?” said Zohar Goshen, professor of transactional law at Columbia Law School. “They don’t really have tools to force him to go through with it. You don’t put people in jail because they don’t buy something.”" https://www.wsj.com/articles/twitter-elon-musk-set-for-unpre...
No, but if the court orders it and he refuses, can that not be construed as contempt of court? People definitely go to jail for that.
That's criminal, not civil court.
Civil court works on fiscal, property to mitigate damage. If he is found to breach contract, a court could order seizure of assets (cash or property).
There could be punitive damages assessed too, if his actions are seen as purposefully malign.
Re: Elon’s Out
#440Earlier quoted context omitted.
> What if the court orders Musk to close the deal and he says no? I can't believe people are taking this very silly statement seriously. This is utter nonsense. There are remedies for people who disobey court orders. Having assets makes you more vulnerable to a court's authority because you have something to lose. If a court orders specific performance and he doesn't do it then he's liable and the court will take his…
>the court will take his assets to compensate. How do you seize billions of dollars of stock without affecting share prices?
How does a margin call work for $500 please Alex?