Elon Musk: Bored of Directors

In this podcast, I rant about the recent controversy surrounding Elon Musk's supposed "secured" financing to take the company private at $420 per share and I question why the Board of Directors doesn't seem to have any clue as to what the hell is going on. 

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Disclosure: I own TSLA calls and puts

Comments

tangent Thu, 08/09/2018 - 21:19 Permalink

Its concerning to me that the SEC inquiry has grown into an expanded inquiry. It wasn't as bad as a matter, but now its worse than a matter. Still though, Tesla's wife will keep the expanded inquiry from being called an investigation. That would be more worrisome than concerning if it did get to that level.

I'll admit right now that I have some inside info, no longer inside as its here to share freely. The LBO investor is a San Francisco street pharmacist who self-identifies as a hobo. This pharmacist has become cash rich recently by needle subsidies, but has the problem of a mental condition whereby he believes each of his $1 bills is $1 billion dollars. He believes all bill = billion. There is no doubt Tesla will be vindicated by this mans testimony in court.

salad_dressing Thu, 08/09/2018 - 21:43 Permalink

The board is not in the dark. They are being held hostage by a mentally unstable, pathological lieing CEO. They know if they get rid of him that the company is over because its stock price is based on hype and Musk is the hype provider. This is top of bubble stuff.

Musk knows this too and knows that time is running out, along with the money. He didnt want to let the shorts win so he let out this tweet to force some margin calls. Its deeply personal for him as he has continued to blame short sellers even though they provide liquidity when a stock is selling off. He is incapable of taking responsibility so he is lashing out.

Now the board is scrambling for ways to not be financially resposible and figure out some kind of damage control strategy. They should have taken their money and ran long ago. Greed is a bitch.

Hope Copy salad_dressing Thu, 08/09/2018 - 23:53 Permalink

You-all are clueless (well not some).  Those in the know have told us who the financier is and that financier is doing major moves in the market today.   Additionally  in what could have been said in  short paragraph has been said with the addition of a lot of worthless trash.

Fact:  Tesla is drowning (in increasing debt) in California and only the ocean can save Tesla.  You all know this and are trying to bet on the demise.

Fact:  Snowflakes can't build cars, especially under a un-airconditioned tent.

Fact:  Tesla over machined and pulled over half of the machines (robotic) off the assembly line.

Fact:  Tesla has a very high worker turnover.

 

The board has no choice but to take the buy out.  The buyer is hiring Elton, not just the car company.  They (the buyer) likes the product as it is USA tested and approved.

In reply to by salad_dressing

VWAndy Thu, 08/09/2018 - 22:25 Permalink

 So he buys Tesla with the profits from its sale. Then he pulls out that contract for one billion E cars for cali state mandated sales. In a partnership with Gov Moonbeam. All gas cars are outlawed except for state employees. They need cars that work.

 lol sounds crazy right?

Clowns on Acid Fri, 08/10/2018 - 00:23 Permalink

Musk has put the virtue siganlling BOD under indictment. They thought they were on a road to riches but they are ona roads to nowhere.

They are now (via Musk indictmet) part of the Ponzi, with the financial and reputational risk associated with the Ponzi. Like the CFO with Madoff ...you are cool until the slime draws you in. Now you are feck'd.

James Murdoch, thought he was a virtue siganlling cool guy, now just another defendant.

LordDilmore Fri, 08/10/2018 - 09:37 Permalink

The board is:
Brad W. Buss - semiconductor industry finance veteran, most recently CFO of Solar City
Robyn M. Denholm - COO of Telstra, Australia's largest telcomm. Probably there to sell Tesla/Solar City stuff to Australian gov't
Ira Ehrenpreis - venture cap Stanford guy/buddy, purveyor of all things green 
Antonio J. Gracias - connected Chicagoan, also on SpaceX board
Steve Jurvetson - venture cap Stanford guy/buddy, also a VC for Theranos
Kimbal Musk - Elon's brother, nuff said
James Murdoch - CEO of Fox and Sky, son of Rupert
Linda Johnson Rice - publisher of Ebony magazine, connected Chicagoan

 

I don't see this group holding Elon's foot the fire on any level...