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Electric cars again.

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  • Independent
    Ft.myers, FL
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    Something is brewing with Tesla. Musk thinks he can go "private" (no longer on the stockmarket). However something "smells" An Saudia investor wants to invest over 12 billion; I wonder why. Don't forget Saudia is one of the largest oil exporter there is, so they may see Tesla as an threat to their business and may instead of boosting it may want to kill it. Also because of all the investments Tesla does at the moment lots of money is borrowed. By producing only about 100,000 cars you can't be very profitable; compare such to Fiat/Chrysler who produces millions of cars and their stock is only about $17 per share while Tesla's is about $380 a share. So something does not add up. Thus I guess Musk sees only the "dollar" signs but does not realize the motive of the Saudi's ; but yeah he will still profit, but the shareholders may be can bite the desert dust. If this materializes then Trump has lost again an American company.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Musk is knowledgeable about money. He made a private announcement about going private several hours before an official announcement and suspension of trading. There was about a 7% upspike in the price of the stock after the private announcement and the suspension of trading. I think that exposes Musk to some serious charges. If people took advantage of that 7% spike it is going to look bad for Musk. If Musk used that information then he could be exposed to some very serious charges. No matter the outcome it looks very bad for Musk.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    It was an 11% spike before trading stopped.
  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Elon Musk, the eccentric young man shouldn't have done what he did, there's talk now that the SEC is showing interest in calling for an inquiry, going private, dumb guy, but eccentric. He'd better move to a country that doesn't have an extradition pact with the US government.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Dockadams Wrote: Elon Musk, the eccentric young man shouldn't have done what he did, there's talk now that the SEC is showing interest in calling for an inquiry, going private, dumb guy, but eccentric. He'd better move to a country that doesn't have an extradition pact with the US government.

    Maybe Musk is going to reverse engineer the profit system to value earnings instead of advertising and create good paying jobs. But if that would work on its own it would already be working. A lot of musk's billions come from knowing how to work the system and I think he is facing coming up short on his Ponzied grants. He is one of those people that gets truckloads of money dumped on him.

    Elon Musk's companies have always depended on government money ...

    Business Insider


    where did the money come from for Musk's space program from amp.businessinsider.com

    Jun 8, 2015 ยท "Elon Musk is addicted to government money!" ... The space agency is by far the growing