I learned a long time ago that doubting Musk is about as safe a bet as doubting Bill Belichick’s draft choices. Somehow, he always ends up winning, even when it looks like he might lose.
But who knows, maybe this time will be different. I doubt it though. I don’t understand why people think involvement of the court system spells the beginning of the end for Musk. On the contrary, it’s a $44 billion deal (for now lol); when it comes to negotiation, the courtroom is part of the battlefield. Just a few months ago, the Twitter board was refusing Musk’s bid to buy Twitter and even discussed a poison pill to stop a hostile takeover. Now, that same board is taking Musk to court, trying to force him to buy Twitter. So who is really losing here? And who is in control of the situation?
btw, has anyone seen @jack lately? I think he and Musk might be up to something.
His net worth has multiplied by a high number since then, largely thanks to the performance of Tesla stock. I don’t see any way to interpret that other than “winning,” if we’re measuring the result of his past decisions regarding Tesla or its financials.
I don't think we should measure the outcome of this incident by Tesla's stock performance in the years since, that doesn't really make sense. I never heard someone make a bull case for Tesla like, "in 2018, the CEO said he may take the company private, so it's a buy." That he was sued by the SEC and had to give up his chairmanship in the settlement seem like much more relevant ways to judge the outcome of this particular event, to me.
This standard ought to work in reverse too, right? If he was winning from 2018 to the end of 2021 because Tesla stock was skyrocketing, surely he's been losing since the beginning of the year as the stock has been plummeting. Otherwise, we would have defined "winning" in a way where "losing" is impossible, which would be a meaningless exercise, wouldn't you say?
If you believe that Tesla's poor stock performance since the beginning of the year isn't per say Musk's fault, it's just the market environment, I'd agree with you. But the same is true, at least in part, of Tesla's bull run. It coincided with a broader bull run in the market and tech stocks in particular.
But who knows, maybe this time will be different. I doubt it though. I don’t understand why people think involvement of the court system spells the beginning of the end for Musk. On the contrary, it’s a $44 billion deal (for now lol); when it comes to negotiation, the courtroom is part of the battlefield. Just a few months ago, the Twitter board was refusing Musk’s bid to buy Twitter and even discussed a poison pill to stop a hostile takeover. Now, that same board is taking Musk to court, trying to force him to buy Twitter. So who is really losing here? And who is in control of the situation?
btw, has anyone seen @jack lately? I think he and Musk might be up to something.