Elon Musk

vaguely wondering if musk timed his termination of the acquisition to draw attention away from the twins story

It's the money. It's always the money. It's never not the money.

entire thing was clever ruse to

SELL + LIQUIDATE $8.5 BILLION of TESLA STOCK
(w/plausible excuse for doing it)

80% odds Elon pays $1B breakup fee
+ walks away with $7.5B liquidated
20% spends $100M fighting litigation

honestly think he can “land rockets”
but can’t fix ‘bots’? https://t.co/HTyOM3V36B

— Josh Wolfe (@wolfejosh) July 8, 2022

Uh oh

NEW: Elon Musk just said “it’s time for Trump to hang up his hat and sail into the sunset” after Trump called Musk “another bullshit artist.”

— No Lie with Brian Tyler Cohen (@NoLieWithBTC) July 12, 2022

simpsonsmonkeyfight.gif

the thing about not eating 3hrs before bedtime is actually pretty reasonable advice imo

(sorry)

So is raising the head of the bed if you find it difficult to breathe lying down. It improved my sleep quite a bit. Maybe he should stick to lifehacks

you can just have a good pillow. good advice for his twitter followers using a towel stuffed in a pillowcase

Much like the memes he posts, Musk just repeated good advice from others.

I don't know how you could engineer a worse "fuck off Trump" tweet but I guess he has a team working on it

I don’t hate the man, but it’s time for Trump to hang up his hat & sail into the sunset.

Dems should also call off the attack – don’t make it so that Trump’s only way to survive is to regain the Presidency.

— Elon Musk (@elonmusk) July 12, 2022

the thing about not eating 3hrs before bedtime is actually pretty reasonable advice imo

Why 3” or 5cm though?

3" is not the same as 5cm!

also no actual engineer would use cm as a unit of measurement. yuck

Depends how big your head is, I guess. If you're a normal human, 5 cm. If you're the Elephant Man, 3".

“sail into the sunset”

have i ever got cruise ideas for you two

Be launched into the sun

finally a practical use for those rockets!

3" is not the same as 5cm!

― micah, Tuesday, July 12, 2022 8:02 AM (forty minutes ago) bookmarkflaglink

this explains the paneling in Teslas

It's the money. It's always the money. It's never not the money.

― Elvis Telecom, Monday, July 11, 2022 11:31 PM (yesterday)

eh, as i have pointed out itt musk sold more than $8.5B in 2021 https://www.cnbc.com/2021/12/10/elon-musk-sells-another-963-million-of-tesla-stock.html

selling $8.5B and having to maybe pay $1B (post-tax) of that as damages? doesn't make sense

he prob just wanted to buy twitter for a minute

as long as tesla keeps making certain milestones, or he's able to juice the numbers to make it look like they have, he gets to buy tesla shares at $70

he prob just wanted to buy twitter for a minute

― lag∞n, Tuesday, July 12, 2022 3:27 PM (ten minutes ago) bookmarkflaglink

he wanted, for one minute, to buy Twitter, or wanted to own Twitter for just one minute, but what a minute.

Who doesn't want a bright shiny toy for a tiny portion of their net worth? It's like one of us looking at getting a new 4K TV.

its like one of us looking at getting a new 4K TV, and we get a lot of attention for it (which is something we like)

obviously the poop emoji made it into the complaint pic.twitter.com/kPgRONZFo7

— Matt Levine (@matt_levine) July 12, 2022

https://pbs.twimg.com/media/FXfuCgWXwAYvy2i?format=jpg&name=medium

Twitter notes that Elon isn’t allowed to terminate the contract if he himself has breached his own obligations under the deal. And then lists six ways that he breached those obligations pic.twitter.com/rYEMQ5qj4C

— Casey Newton (@CaseyNewton) July 12, 2022

yeah that seems like the ball game tbh

No Twitter execs are going to jail when the court learns about da botz

Hes still got it pic.twitter.com/DJLIUIlIq1

— Fentanyl Toucher (@lib_crusher) July 12, 2022

lmao trump piling on

Elon Musk Tries To Back Out Of Twitter Deal By Deleting App From Phone https://t.co/3Y6IJqxxn8 pic.twitter.com/WYL5yicKzJ

— The Onion (@TheOnion) July 12, 2022

Trump fanfic

trump gonna sire twins on a mar-a-lago functionary to own musk, calling this now

This is like the best reverse poison pill. Musk attempts an aggressive, obnoxious hostile takeover of Twitter, for no good reason, Twitter half calls the bluff and agrees to a high price, Musk agrees then compulsively fucks it up so, eventually, tries to back out of the deal, but Twitter is more or less forced to sue to ensure the sale goes through. End result: Twitter, which probably didn't want to be sold, sues a guy, who probably didn't really want to buy it, for deciding not to buy it. Twitter remains as is, Musk loses several billion/face. And now he's also made an enemy of Asshole, who doesn't let things slide, ever.

he's also made an enemy of Asshole, who doesn't let things slide, ever.

Oh, I disagree, you are always welcome back in the fold if you ritually debase yourself, see Cruz, Ted

I'd be the shadow of your dog
Just to keep you by my siiiiide

Yeah, but if you debase yourself to get back in his good graces you've already lost, and besides, Asshole keeps the receipts and is ready to revert at a moment's notice. But it's a win-win for spectators, that's for sure.

yeah that seems like the ball game tbh

― 𝔠𝔞𝔢𝔨 (caek), Tuesday, July 12, 2022 6:20 PM (three hours ago) bookmarkflaglink

i don't think that's right. it says he can't *terminate* for a breach if he's currently breaching. but he can just sit around and not close and eventually the deal terminates on the drop-dead date.

— Matt Levine (@matt_levine) July 13, 2022

ah well nevertheless

as noted in the comments to that post:

if the Merger shall not have been consummated on or before 5:00 p.m. (Pacific Time) on October 24, 2022 (as such date may be extended pursuant to the terms hereof, the “Termination Date”); provided, however, that (x) the right to terminate this Agreement pursuant to this Section 8.1(b)(i) shall not be available to any party if the failure of such party to perform or comply with any of its obligations under this Agreement has been the principal cause of or resulted in the failure of the Closing to have occurred on or before such date...

We have accumulated a significant long position in shares of Twitter.

Twitter’s complaint poses a credible threat to Musk’s empire.

— Hindenburg Research (@HindenburgRes) July 13, 2022

previously

NEW FROM US: We Are Short Twitter

Musk Holds All The Cards. We See a Significant Risk That The Twitter Deal Gets Repriced Lowerhttps://t.co/sHzwFfoXic $TWTR

— Hindenburg Research (@HindenburgRes) May 9, 2022

The only plausible outcome here is he settles somewhere north of the billion termination fee but way south of the $45 million merger price, right? And I have no idea how one would value that. Maybe something along the line of an option price?

levine's idea was ... well, this guy owns 10% of the company, so how about the break up fee is that?

Specific performance is such a hard to fathom remedy when you have a 45 billion dollar company, yet it seems pretty likely that the Chancery Court has the legal power to do it. What would happen if they did and then Elon just didn't have the financing and literally couldn't comply?

In that sense they really have him over a barrel. And the dumb motherfucker put himself there. It's kind of amazing actually, he acted like he was playing them and then he played himself.

Def a self-inflicted wound... and his puported specialty is not social media software, it's somewhat old-fashioned hardware like rockets, cars and pneumatic tubes

It's possible that Twitter settles for the previous merger price minus predicted court costs. I don't see it going lower than that.

this is a tough one because I really don't want Elon Musk to own Twitter but I kinda do want him to be forced to buy it

It's possible that Twitter settles for the previous merger price minus predicted court costs. I don't see it going lower than that.

― adam t. (abanana), Wednesday, July 13, 2022 11:19 AM (four minutes ago) bookmarkflaglink

There's no way.

Twitter will settle for less because they won't actually be able to get him to pay that much. He doesn't have $40+ billion sitting in bank accounts, and he doesn't have financing. And it's not that easy to just dump billions of dollars worth of Tesla stock in a short period of time.