mr_baub
Mike Masnick ✅How it started, how it's going, Elon selling Tesla equity edition...
Theodora Sutcliffe (she/her)@mmasnick You love to see it, etc.
Earthy Tonez@mmasnick Is there any way to know where the money is going or if/how much is going into Twitter? or is all that opaque now.
@mikkergp totally opaque
Patrick Gray@mmasnick so clearly confident that the share price is heading back to the mooooon isn’t he?
Half Cocked Law@riskybusiness @mmasnick Blind guess: he's going to close out the high-interest unsecured loans he dumped on Twitter, which are about $3.5 billion.
E Warren Fan@mmasnick lying anywhere but a courtroom or under oath is not a crime 😂
@ewarrenfan true... but making statements about stock sales... might be, if it's seen to influence the market or to get a better shareprice for himself.
Dan@mmasnick @ewarrenfan I mean technically he can be seen as not lying. I assume his argument is “yes. I am done selling for this quarter. It is not my problem if you misunderstood that it was clearly for a short time period because it’s unrealistic to think I will never sell again”
And the shareholder’s class action lawyers will obviously respond with his “last money out” tweet.
And the shareholder’s class action lawyers will obviously respond with his “last money out” tweet.
@mmasnick sure they’ll be class action suits against Tesla for not removing Musk at this point. I believe he’s had Tesla legal and engineering moonlighting at Tesla
Sloan Studio@mmasnick At what point will these people stop believing him when it comes to TSLA stock?
Cranky David@mmasnick
gonna be a LOT of tax basis for the year. and the debt load.
gonna be a LOT of tax basis for the year. and the debt load.
Gojira1000@mmasnick We need a betting pool on when the Tesla board is going to jettison him. I have to think soon. Like January soon.
Bradford Benn@Gojira1000 @mmasnick I do not believe that Mr. Musk has sold enough shares yet for that to be viable. After all he is the “Technoking” in all of the filings. At least I sold my shares before he did.
Mainly because of him.
Mainly because of him.
@Gojira1000 the board is all his cronies.
@mmasnick Cronies love cash, not each other
@Gojira1000 his board is extraordinarily loyal to him. it's the most crony-tastic board around. they're not going to jettison him. He got rid of anyone who wasn't a toady long ago.
RyuI keep wondering about this. EM's activity is going to start impacting resale values for Tesla. One can only imagine impact to sales if they had any real competition that could deliver in a reasonable time frame but Rivian et al just aren't there yet.
He's squandering the head start Tesla's manufacturing gave their brand. Its willful value destruction irrespective of whether the stock was well priced before.
So lame for the people at Tesla making great cars.
@ryunited @Gojira1000 Someone posted a chart earlier today that suggests it already is impacting the resale value of Teslas.
While resale value of all cars are dropping since extreme highs earlier this year, Teslas were dropping way more than others.
@mmasnick @Gojira1000 If true, that'd be a shift vs. prior years wherein they've generally had remarkable resale because of scarcity vs. demand.
As an owner, that's infuriating. If I were a shareholder or board member, Id be losing my mind.
If I were one of the people working like crazy to accelerate manufacturing....
Philip MartinIt is almost like Elmo is a conman and he keeps stringing along his marks along from venture to venture.
Korkut@mmasnick are you done. Yes. Are you done though. Yes sure. For today.
kkeller@mmasnick I'm overdosing on schadenfreude today!
John Nemeth@mmasnick seems clear what’s happening. He bought Twitter to grind axes. Doesn’t know what he’s doing. It’s in debt, bleeding money, and has no quick or easy revenue prospects. He has enough billions in Tesla equity, though, to keep his ego stroking/vengeance project going for a long while. So…he’s selling stock and will likely continue to do so in the future.
Ethan Jacobs@mmasnick a billion here, a billion there, and pretty soon you’re talking about real money.
Greg@mmasnick This site aggregates the filings for anyone else curious (no affiliation, just found via google).
In particular the $3.9B and $3.5B really are different transactions
Sir Siers
Dirk Hohndel@mmasnick
How anyone can take anything he says at face value truly baffles me. He has been lying non-stop for decades. Most statements about Tesla, about capabilities of the cars, or auto pilot / FSD, about product plans, roadmaps, release dates, etc... rarely, rarely true.
How anyone can take anything he says at face value truly baffles me. He has been lying non-stop for decades. Most statements about Tesla, about capabilities of the cars, or auto pilot / FSD, about product plans, roadmaps, release dates, etc... rarely, rarely true.
azeem
Dave DiBona@azeemazhar
That he does. That hero worship for a tech bro of the worst kind always bothered me...
@mmasnick
That he does. That hero worship for a tech bro of the worst kind always bothered me...
@mmasnick
Derek 🌈
artisanrox@mmasnick Wondering if there's a stock-shorting hat trick in here somewhere? 
Ford Eytou@mmasnick I guess he can buy some of the debt (from banks) at 60c/$1 and brush up the financials and prepare for IPO, if you consider he bought 10% of twitter at probably $30, and considering stock price of TSLA at that time he sold vs now, he may still be OK, even if the IPO is much below $44b purchase price. His friends (investors) and Banks may lose more.
Gatita 
@mmasnick Yeegads. <heavyfvckingsigh>
Jeff Enderwick@mmasnick love it!
Sarah T. Roberts, Ph.D.@mmasnick @xerophile I’m holding a short position on TSLA yet again and feeling pretty confident about it. 💅🏼
Wendy M. Grossman@ubiquity75 @mmasnick @xerophile He is on record (see Edward NIedermeier's reporting) saying TSLA is worth zero without auto-pilot...
Nicholas Weaver@ubiquity75 @mmasnick @xerophile
I was going to buy a bunch of long duration well out of the money put options, but at this point, its too late... HA.
charvakaIn the oligarch's defense, none of these sales were planned. His trolling got out of hand, he got played into overpaying for an asset he didn't want, and he is now addicted to the attention he is getting for the dumpster fire he started. So he doing what an addict does, sell useful assets to get that next fix.
Voron@mmasnick
holiday hope:
Greedy rich bastards do a hostile take over of the majority shareholder position of Tesla and oust Elon as CEO as well as divesting him of that key power of ownership
holiday hope:
Greedy rich bastards do a hostile take over of the majority shareholder position of Tesla and oust Elon as CEO as well as divesting him of that key power of ownership
Cogito ergo mecagoendios@mmasnick This will be lots of fun when his repeatedly saying "won't sell more" followed by more selling ends up being prosecuted as market manipulation