/biz/ - Business & Finance

Unbelievable

JUST

Quick! Send Elon a box of short shorts!

>>10825800
i dont get it, was there inside trading or something?

Haha dumb drug addict

>>10825800
Lol this nigga..

Guarantee you the price falling to 313 scared the would be investors

>>10825800
Don’t do drugs kids

>>10825800
/r/ing a TL;DR for this entire thing. I've been away for the last few months.

>>10825866

Still insanely overvalued considering their market cap is over that of GM, who has way more revenue, an electric car that outsells Tesla's entire lineup (Chevy Bolt), far superior self-driving technology, and actually makes a profit.

Sometimes, I think Tesla exists only because the major car manufacturers haven't gotten around to crushing them yet.

>>10825885
Musk tweeted he'd take the company private at $420, he was high or something (litterly) and now he's backing out. (stock manipulation)

>>10825856
he announced he was taking the company private at $420/share.

>>10825907
>stock manipulation

>>10825885

>Elon Musk sent out a tweet saying he's "considering taking Tesla private at $420/share. Funding secured." probably because a short seller hurt his feelings.
>Tesla shares jump to $380
>SEC starts investigating
>Tesla shares drop when people start to get skeptical of his tweet
>Today, Elon Musk admitted he didn't actually have the money and now Tesla's short sellers are going to get rich

>>10825800
h-h-hey guise just joking lel 420

>>10825897

However Tesla is building out the infrastructure to support EV, they're serving solar for homes, are building the biggest battery factory in the world, are in the process of massive upgrades to their lines, and are the first auto maker to secure a contract manufacturing in China without partial Chinese ownership.

GM makes trash.

>>10825800
if he can't prove that he had a legitimate offer from some entity that was willing to buy out tesla for 72billion. he's going to be in a bit of trouble. not from the SEC though, from the lawsuits from short sellers.

Imagine all the people who bought Tesla stock at $380 thinking they were going to make an easy 10% gain.

>>10825935
would be nice if any of that were profitable. They are going to have trouble getting new loans for their build outs.

Space is not real and Elon Musk is (((their))) puppet. Stop being fucking retarded guys.
Earth is flat and SpaceX is just sending rocket to destroy the dome, just like NASA. Space Force from Trump is exactly the same thing.
No one powerful is here for the people, they are all working together.

>>10825945
not just short sellers, anyone who bought stock after the tweet could go after him for losses.

>>10825800
the future belongs to us
Amos 6

>>10825958
>it's someone else's fault because of the decisions i made.
fucking victim jew faggots fuck off

>>10825975
>the ceo announces the company is going private at $420/share
>haha just kidding #yoloswag

>>10825800
If none of you faggots realize it means that Elon Musk just opened himself to lawsuits from every single Tesla Shareholder.
This is not bullish.

>>10826028
it's bullish if you want to see elon musk go to jail

TESLACONNEEECCCCTTTTT

So it was all a ruse?

>>10826069
No. he got high and thought he was being funny with the 420 joke.

>>10826069
it was a ruse to force out the shorts, hope it was worth it fELON

wonder how all the people who bought right after the announcement feel now.

FELON MUSK

>>10826003
fucking victim fag. there are no rules YOU BITCH ASS FAGGOT

>>10826084
enron musk

>>10826069
IT WAS ALL A DREAM

>>10826091
>there are no rules
The SEC may disagree.

Elon is a based and redpilled South African. He knows the jew better than most. He is literally /our guy/. The fact that the ((media)) is bashing him proves it. Go Elon, the future belongs to us.

So basically, regulations are a way for jews to win even when they lose by using the government as an attack dog.
Man, we really need to make the holocaust real.

>>10825946
no way was i touching that shit

>>10826117
>he requires permission to live
fuck off jew faggot

>>10826136
delusional and projecting. you're the faggot you fucking faggot

>>10826136
No, I'm smart enough not to mess with men with more guns than me.

>>10826130
I totally agree

>>10826141
only jews are faggots, FAGGOT
>>10826144
you give these fags too much credit. they are paranoid and dysfunctional at best. they have memed you with their propaganda.

THE FUTURE BELONGS TO US

>>10825800
Market manipulation at its finest. He doesn't even care anymore.

>>10825800

>$420 U.S. Dollars

>>10825946
owie

>>10825945
Shit. I hope he makes it through this. Dumb fuck.

>>10826208
monday is gonna be a bloodbath

>>10825800

>$420
>DUDE
>WEED
>LMAO

>>10825800
> what matters most: building products that people love and that make a difference to the shared future of life on Earth

yeah lets make electric cars and go to space while half the world dies from literally not having enough water in the next 30 years

>>10826402
clean water is cheap, those countries are corrupt as fuck and you'll never be able to give enough money to Africa to solve it's problems.

>>10826402
That half of the world has squandered 60 years of free gibs on retarded stuff all while killing and stealing from each other, mind you they would have water just like everyone else if they weren't retarded as fuck by any metric

>>10826402
>yeah lets make electric cars and go to space while half the world dies from literally not having enough water in the next 30 years
I wish.

>>10826402
This, water will run out soon, and nobody is doing anything about it.
We need to build new water mines, for the future of our children.
It's really awful how some people just waste so much water in pools and stuff, all that water, gone forever.

I wish i could strangle you to death right now you witless traitor.

>>10825800

>>10826523
Average IQ 59 in Africa? That's a new one for me

>>10826523
>Water mines

>>10826523
actually we could just build mass desalination plants powered by clean nuclear energy, but both (((political parties))) are too stupid and/or unwilling to do that

https://www.youtube.com/watch?v=Bu2wNKlVRzE

go to 4:52

>>10826565
Obviously that is just big water propaganda to distract you from the thousands of children working the rapidly depleting water mines.
Our water touches space then through a process called "nocturnal emmisions" it is lost forever if not stored properly in a water mine.

>>10826554
>>10826523

There is 'fossil water' that isn't recharged by the rain. Wells dug into it are effectively mining water. A large amount of agriculture is irrigated with this kind of nonrenewable water.

People don't like to talk about it, but there is also the issue of phosphourous scarcity. It gets mined from the ground, used to fertilize crops then it's washed away into the ocean. We effectively 'mine' our food since it's feedstock comes from finite resources.

>>10826597
At least it isnt some pre mined shitcoin like oxygen

>Tesla initially went public in 2010 and currently has a market value of $61 billion. At a share price of $420, the company would be worth around $71.6 billion.

Thats it?

Dis nigga could've issued a shitcoin last year and made double that

come to think of it, why doesn't he

>>10826402
This, anon. I agree with you 100%

>>10826402
this. fuck elon musk and anyone who is infatuated with him

>>10826597
anon, I had no idea

>>10825935
Tesla is a public leech. Subsidized and they get a lot of money from selling carbon credits, which is a fucking scam. If it weren't for Obama, Tesla would be more on the production scale of Ferrari. Musk is a fucking con man.

>>10826402
The overpopulation problem in the third world will resolve it self sooner or later. You either let it happen now, or wait until there are a few billion more to suffer.

>>10826402
>give hundreds of millions of dollars to literally everyone for 50 years
>they still suck
>so you're not allowed to go to space
Stay poor faggot

>>10825897
Imagine being this dumb.

>>10826597
Holy fuck, actual esoteric insight on /biz/, rather than the usual paranoid schizophrenic nazi larp

>>10825945
Nahhhh

>>10826773

Imagine billionaires going to jail lmao

>>10826662

Macroretardonomics in the house

>>10825800

Who the fuck names their kid Elon Musk? With a name like that, he probably roomed with 2 the ranting gryphon and dragoneer.

The only reason a man named Elon Musk would ever get anywhere in life is to prove to all the bullies that he could totally overcome his musk, and now he's so rich he can buy friends, and put pretentious electric cars in orbit.

>>10826782
Like, I think it could happen but i know it won't happen.

>>10825924
Musk was high on LSD (seriously) for most of that weekend.

How fucking dumb do you have to be to not only Tweet while on acid (!!!), but destroy your company and get the SEC to press for criminal charges and jail time for LITERALLY NO UPSIDE TO YOU other than temporarily make some traders lose money on short bets?

Also $420 a share for a company that's never tradeded over $400? come the fuck on, Musk obviously pulled that number out of thin air, because he's a pathetic 48 year old man who is just now living through his twenties vicariously and thinks that weed is hilarious

>>10826615
You can mine it with a tree.

Anyone investing in a stock because of fucking tweets, especially obvious joke tweets, deserves to lose their money.

>>10827140

Fuck of, stocks are not crypto this shit is regulated bukko. Everyone who bought after the tweet can sue for compensation lol.

>>10826096
underrated post

>>10827140
it was a public statement by the CEO of the company. Tesla told investors ages ago that public announcements may come in the form of social media posts.

His government handlers probably told him how much of TESLA was owned by the government.

>>10827160
>lol
>>10827169
A tweet from the personal account of the CEO does not constitute and "announcement" and everyone who isn't stupid knows this. If they were actually going private, you would hear about them submitting paperwork to start the process long ago. This is investor 101 shit.

>>10826565
Maybe you are stupid.
Everyone knows that desalination exists. I just don't think you realize how most people get their water. Water is usually filtered first through big boxes of sand and rock and if you were lucky a charcoal filter after. That used to be it, though now they add usually UV, sometimes ozone. Throw a little chlorine in it and done.

Do you understand just how cheap this is? Basically it costs almost nothing. The water cost ends up being dealing with the pipes and sewage.

Now comes desalination and you still have to deal with pipes and sewage, so take your current water bill, then add the cost of a desalination plant. A plant that as you said requires enough power that you may as well build a nuclear plant.

So we got the cost of your water bill plus the cost of a desalination plant, plus the cost of a power plant.

Your water bill on 100% desalination isn't double, isn't triple. It is quadrupled, easily!

>>10826523
>average IQ In the US 106
I know the average US Citizen is not as dumb as the average african but that's just ridiculous.

>>10825800

Lmao

F

>>10826565
How is nuclear energy clean? You need to mine and process radioactive material for it to work and then store the waste. The process itself is clean, the entire infrastructure around it spews out as much as a coal plant with its infrastructure. The only way for us to live on earth sustainably is to drastically cut consumption.

>>10825800
imagine taking everything posted on twitter completely seriously

>>10827238
106 is pretty average. Bordering on beind dumb imo. My iq is 136 but i feel dumb a lot of times.

http://tesla.com/elonmusk/btc/—for free BTC
http://tesla.com/elonmusk/eth/— for free ETH

>>10826402
look into CW42
they made water filters they are ammazing

ceo is a psycopath tho

>>10827214
>>10827250
>nuclear is bad
Fucking idiots. Nuclear power is almost the cheapest form of power generation that exists, alongside hydro. The rocks in the ground you mine are barely radioactive, they have to be concentrated before they can be used. You also only need a small amount and there are techniques to recycle it rending the dangerous period down to decades. Plus, all the radioactive waste for a whole year made by the US wouldn't even fill a single container ship, while we transport magnitudes larger in coal DAILY 24/7 to keep the power on.

And no, it can't fucking explode.

>>10825800
I'll keep shorting this fagget till the end of the world.

>>10827357
Being this shortsighted

>>10826953
He can thank the el goblino hes dating for that. Ultimately it’s his fault for actibg like a 17 year old druggie.

>>10827390
Not him but nice counter arguement

>>10825881
>>10825865
>>10825907

>implying it's the drugs

>>10827390
Short sighted HOW? Nuclear is LITERALLY the future. Its cheap, efficient, safe. Fucking coal plants emit more radiation and more harmful chemicals and gasses than nuclear plants. If we actually spent time researching it again, we could probably figure out even better ways of disposing of unsafe waste. Fucking France have almost 60 nuclear plants that provide over 70% of the countries power already.

Fucking retarded normies "muh churnoble! muh 3 mile! muh fukishima! muh waste!" Fuck the lying shit media for perpetuating this fear culture around nuclear energy.

Idk why you guys all hate this guy so much. He's still a self made man who started his entreprenuership from as early age as 12. Sold his game for $500(not adjusted to inflation). Went to uni and made money from organizing uni parties. Then went on to found zip2. Then with that money founded x.com which later merged with PayPal. Then started a rocket company and took over Tesla while being able to secure government subsidies for both his companies and even paid them back.

Not suckin his dick, but imo he's one good example of an entreprenuer which I'm sure most of us want to be or already are.

>>10826402
if that half of the world survives, it's likely most people will die within the next two centuries

>>10827431
>entreprenuer which I'm sure most of us want to be or already are.

LMAO

98% of this board are teens posting from the basement of their parents McMansions, Indians, and bots.

if he deletes tweets, which he has done many times, what can the SEC do about that as part of their weakfaggot investigation. no one takes the SEC seriously anymore, and they'll maybe investigate like one guy per year.

musk has tons of tweets mocking shortsellers, he felt personally bullied by them. by now, if he's proactive, he would delete those tweets. and assuming he's buddy buddy with jack the ceo of twitter, they'll cooperate with musk and keep those tweets permanently deleted if he asked for that special favor.

SEC isn't going to do shit except continue jacking off to porn. one of the cushiest jobs ever, same can be said about most gov jobs really.

>>10827448
i'm a broke 30 year old "worthless NEET" poasting from my parent's spare bedroom, if we want to get into specifics.

>>10825897
>Muh marketcap
The Absolute State

>>10827458

you're in the 2%

>>10825897
Yeah, I think Tesla exists because a bunch of s oyboys bought the stock and pumped it because his stupid meme businesses were straight out of a reddit futurology post.

>>10826788
i like you a lot, you are very cute anon,

>>10827547
this post is woke

>>10825885
>Asking for tl;dr instead of quick rundown
Redditors don’t even try to blend anymore

>>10827238

its not 106, it would be completely black then, like japan. looks more like 89-100 range

>>10826553

i think this map is a bit bullshit, Sweden is also too high, gray probably mean no data

>>10826662
t. actual nigger

>>10826402
We need to let the niggers die unfortunately

>>10825800
Hahaha he just wanted to fuck short sellers

>>10826072
Does he have the sense of humor of a 16 year old? What the fuck that is so corny.

>>10825800
They should make a law that you cannot be fired or sued for things you say on twitter

>>10826402
I'm 100% fine with that scenario. Imagine fapping to anime on a moon base while emaciated niggers fight for water on Earth

>>10828349
He's autistic, so yeah

>>10826051
Pretty reddit thing to say desu. Next reddit trend will bogposting for topics unrelated to crypto.

>>10826523
hmmm...

>>10828495
How is that any different than what you NEETs are doing right now?

>>10828594
I'm on Earth

>>10828545
Negros and spics are stupid and ugly. Who'd of thought?

>>10825897
When will brainlets realize that stocks are valued based on expected future earnings, not past earnings? By your logic LINK should be worth 0 because they don't even have a mainnet, and Amazon should be worth under $50B because their earnings last year was only $3B.

Tesla could still fail. But if they can can Model 3 production going, they're going to eat away at market share in the entry level luxury segment. It's clearly a better can than the BMW 3-series and its competitors. That $40k-$65k car segment is way bigger than what the Model S was targeting. The regular car makers haven't been innovating for the last 20 years, and they still haven't gotten a real competitor to the Model S, and are far away from getting a serious competitor to the Model 3

>>10825800
LOCK him UP

>>10828760
Okok

>>10827431
>"not sucking his dick"
>sucking his dick like a starving fag

>>10827431
All of what you've been saying is true, but it doesn't detract from the stupidity of his recent actions

>>10825897
>He doesn't know how to do fundamental analysis

You buy/sell stocks based on expected future value you stupid fuck. Kys.

ELONGATED MUSKRAT

>>10829131
Not if all variables suck.

>Not profitable since several years
>Production amount of cars is a friction of their own Goal
>Only alive because of millions of subsidies
>Tech adventage is decreasing against competition
And obviously the p/e ratio is disgusting

>>10828920
You would have to go out further than that. Long term investors are betting on Tesla's profitabilty on a 5-10 year time frame. If you're just looking at a 2 year time frame, Amazon would be worth under $100B, not $900B

>>10825800
I hope he started wearing butt plugs to prepare for prison.

>>10829202
Partially right. But AMZN as an example is retarded af. Amazon isn't amazon only anymore. They have stakes everywhere. And so you really see amazon going away in the next years? Everyone will keep using amazon, especially once their own financial insitution aka bank concept kicks in. On the other hand companies like GM and Ford can do what Tesla is doing anytime soon. All a question of profit...you cannot base your business model like Tesla ob subsidies only

>>10829197
What competition? Which car company is coming up with a serious competitor to the Model 3 in the next 5 years?

>>10829263
No my point is that Amazon really is worth $900B, because they will be immensely profitable in 10 years.

I think GM/Ford and other car companies will catch up to Tesla eventually, but it will take them a long time. Meanwhile Tesla will have taken a huge % of market share from them

>>10826597
What coin is this?

>>10826208
ooooof

>>10828760

Cool. So what are the future earnings expectations of a company that's drowning in debt, has never had a profitable year, can't into manufacturing and has a CEO who is a drug abuser? If you think it's better than the many established car companies 100x their size, you're delusional.

>>10827412
el goblino el abomination...

Should I short Tesla?

>>10827412
she's kinda hot in that pic. Kinda..

>>10826597
>phosphourous
how do i long this

$299 shorts already secured, this fucking stock better act on logic starting Monday

>>10828472
Kek, it almost ought to be illegal to hold someone accountable

>>10827458
how much money do you have

>>10825800

>hurr durr hes going to prison

Prison for a guy like him is nothing. If anything it would be better so that he gets his head straight while doing time and comes back to focus on SpaceX more than his shitty EV company

>>10828760
>haven’t been innovating
Uh, take any 2018 model and compare to a 1998 model. There is a ridiculous amount of innovation. They just haven’t stopped using combustion engines for the most part.

>>10825897

They should have gone out of business but now we all get to indirectly pay them through taxation while seeing no benefits.

>>10830046
If you’re into the “I sleep in garbage piles and don’t shower” look, sure

IMPEACH DRUMPF

>>10825907
SEC will have to PROVE that it was his intent to manipulate the stock and/or hurt shorts.

Good luck with that. It's likely the board will force him to strike a deal with SEC, pay some fines, probably leave as CEO and settle all the thousands of lawsuits.

>>10826953
Except he tweeted in a Tuesday.

>>10827213
In their official SEC documents they state that the company will from time to time release official information via twitter.

>>10827447
Yes most people will die within 2 centuries because the average lifespan is ~80 years

>>10827238
Because diversity it the US strength

>>10826788
hello my wife sachiko

>>10827412

kawaii waifu <3

(ღ˘⌣˘ღ)

>>10827285
>tfw 135 iq brainlet
I feel pretty average usually too. I got friends with lower IQ who I feel are just as smart as me even though they can't look at shapes and see patterns and stuff, desu

>all this hate

He has achieved more than everyone ITT put together ever will, even if we all live for 50 lifetimes (and he's not done yet).

>>10831080
Go to bed Elon

>>10831225
Seriously I'm finding the tall poppy syndrome pretty pathetic, especially coming from /biz/.

>>10825897
>Tesla is overvalued
>btw I'm also shorting Amazon
The reasons shorts never seem to learn their lesson is because the lifespan of a short is about 2 months before they get a margin call. They go broke and die in an alley in Peru or something, while new shorts, ignorant as they are, step up to take their place.

>>10825897
>Still insanely overvalued
like every publicly traded company. Especially one that has no dividends

>>10828349
Yes. His gf Grimes claims to have hooked him on the devil's lettuce. So now he's a stoner making ill advised tweets while high.

I really like Elon but he shouldn't be CEO of publically traded company if he's going to do dumb shit like this.

>>10825800
There's a backlash going on in general against IT bullshitters. Musk, Bitmain, ICOs, etc are destroying the tech unicorn fantasy. But it's good for crypto, because the less people trying to distort things and get people to make bad investments, the more stable crypto will be in the future. Elon Musk sells fantasy, and he's made billions, but it's catching up with him.

>>10826003
>the ceo announces the company is going private at $420/share
>Considering

Only a retarded faggot takes that as an announcement. Like literally a drooling retard.

>>10831248
He’s a con artist, plain and simple.

>>10825800
so funds not secured then
thats it, he is unironically going to prison
cant believe he just gave up like this
doesnt make a lick of sense

>>10831389
>Only a retarded faggot takes that as an announcement. Like literally a drooling retard.

Ordinarily true however CEOs of public companies are held to a much higher standard of foot in mouth disease than any other job. They are vulnerable to stronger backlash than even politicians.

>>10826621
Where did you get that? Because it's bullshit. Tesla was valued much lower when it went public.

>>10830585
>SEC will have to PROVE that it was his intent to manipulate the stock and/or hurt shorts
they dont have to do anything at this point.
he said that he was taking it private and that funds were secured for the deal at $20/shr
but now he isnt taking it private which means that funds were not secured. so he was lying about it (and still no filing to even back him up).

its as simple as that. that is manipulation
hes been very vocal abut his disdain for shorts, and he currently has a class action from tons of big guys who were short when he tweeted about going private, who are suing him FOR manipulation. the SEC will just have to go talk to the lawyers involved w the class action, and review their evidence

i wonder if the SEC is looking into all the other times he manipulated TSLA this year?
either way, even if they can only prove it this one time, once is enough.
figures it took big guys getting squeezed before the SEC actually bothered to do anything

>>10825800
It must be a nightmare to audit Tesla.

>>10825800
no u

>>10827611
It wouldn't be 4chan without newfags going through this act trying to fit in

Elon is an intelligence asset, he won't go to prison as long as he follows the game plan which is to launder money for the spooks

>>10830585
>Tweeting that Tesla will go private at $420/share
Price is trading up to 370 from around 310 just because of that tweet.
>few weeks later, sorry not going private and we will stay public
Shit. It will be really hard to prove manipulation at that point.

>>10831490
>Ordinarily true however CEOs of public companies are held to a much higher standard of foot in mouth disease than any other job. They are vulnerable to stronger backlash than even politicians.

Thats true, however you can't consider that tweet as an official announcement.

>>10831693
Since when are intelligence assets allowed to btfo Jews running heavy shorts?

>>10831559
>>10831710
Intent is the key word here, it matters.

>>10826953
I genuinely had no idea Msuk was 48. I assumed he was at most 30 based on how he acts.

>>10826565
>clean nuclear power

Couldn't a desal plant be powered the tides? I mean, it's right fucking there. Even during low tide water is moving in and out.

>>10831080
He is a talented entrepreneur, but the cult of personality thing is ridiculous.
And the engineers at SpaceX have built the rockets, stop presenting all the achievements of all the companies he's been involved with as his own personal achievements.

>>10831559
>he said that he was taking it private

He said he was considering.

Holy shit you are either deliberately making shit up or you really are retarded.

>>10832470
He also said he had secure funding. That would have implied a lot about TSLAs future that obviously is not true anymore

>>10825800
He'll have to pay a $10million fine. He pays more than that on alimony every month.

>>10831010
The only thing thats most noticeable for me is I pick up on social cues much quicker than most. Also immediately recognizing behavioral patterns is a bit of a curse, it has me overthinking a lot. Sometimes i wish i was less smart.

>>10831766
Yes you can, if you're a *** judge looking after a bunch of *** short sellers, with a chip on your *** shoulder because Elon named the *** in another Twitter shit show about media bias a few months ago

>>10833538
>Also immediately recognizing behavioral patterns
Do you ever feel like you're intruding on others when you recognize their patterns? I feel like this all the time. I don't know if they can tell that I can recognize this about them and feel weirded out

>>10830675

>Considering

You must be a brainlet.

>>10833021
this
stupid bagholders
literally the only part that matters, in the legal sense, is whether or not he had the funds "secured", if he didnt, hes getting locked up

>>10833021

Funding secured for what? He didn't explicitely say that the funding was for going private.

In the next episode of "why give a fuck", Kanye West is designing some part of a new Tesla. What will buds do then? O What will they do!?

>>10834259
you'd have to be absolutely tone deaf to ignore the context of the tweet. no reasonable person would mistake his single tweet to refer to two different scenarios.

a) that he secured funding for some unknown project

b) that going private was a separate topic having nothing to do with (a)

>>10833713
I mean, yeah. I can see through most people and it makes me cringe when i'm hanging out with a group of friends and I can see everyone's insecurity just through the things they say. It's hard to explain. It overloads my brain sometimes.

>>10827412
dios mio, el chupacabra