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| Elon Musk |
SAN FRANCISCO (AP) — Tesla CEO Elon Musk’s elaboration on his plan to engineer a buyout of the electric car maker could get the Silicon Valley maverick into legal trouble by revealing that the deal is far more uncertain than how he initially described it in his brash tweet last week.
If everything falls into place, Musk plans to buy Tesla from any existing shareholders willing to sell using money raised through Saudi Arabia’s sovereign wealth fund.
Whatever the case, it seems that those selling Tesla short are calling his bet. They seem to be asking and I'm curious too -- why should I believe this man? More important, why is anyone else? And most important, how big will my bill be if Musk goes belly-up in the era of a Donald Trump?
I don't know, but it seems to me, he took it public and raised a lot of money. But he's also wildly ambitious and doesn't like being told what to do. And investors don't like risk. So he wants to be free of them and doesn't want to pay top dollar buying it back, and they don't like selling after he's pushed the value down. The Saudi's don't care what he does as long as he pays it back on time.
ReplyDeleteIs Musk still creative & productive or has he become just an coordinator, like a TV Prducer or Shorunner?
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