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Aug 19th, 2018
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  1. Elon Musk on Twitter:
  2. Tesla short sellers have about 3 weeks before their position explodes.
  5. Elon Musk later on Twitter:
  6. Am considering taking Tesla private at $420. Funding secured.
  9. New York Times:
  10. Board members, blindsided by the chief executive’s market-moving statement, were angry that they had not been briefed, two people familiar with the matter said. They scrambled to cobble together a public statement trying to defuse a mounting uproar over the seemingly haphazard communication.
  12. Elon Musk:
  13. I notified the Tesla board that, in my personal capacity, I wanted to take Tesla private at $420 per share. I don’t recall getting any communications from the board at all. I definitely did not get calls from irate directors.
  16. New York Times:
  17. What Mr. Musk meant by “funding secured” has become an important question. Those two words helped propel Tesla’s shares higher. But that funding, it turned out, was far from secure. There were no indications that Mr. Musk has actually nailed down any commitments to bankroll such a transaction, and the Securities and Exchange Commission last week contacted the company about Mr. Musk’s Twitter posts.
  20. Also New York Times:
  21. Multiple directors have recently told Mr. Musk that he should stop using Twitter, with one urging him to stick to building cars and launching rockets, according to people familiar with the board’s communications. Tesla employees, including the company’s public-relations staff, have echoed that point, another person said.
  24. Elon Musk goes on Twitter:
  25. I’m excited to work with Silver Lake and Goldman Sachs as financial advisors, plus Wachtell, Lipton, Rosen & Katz and Munger, Tolles & Olson as legal advisors, on the proposal to take Tesla private
  28. New York Times:
  29. Neither Goldman nor Silver Lake — a private-equity firm focused on technology investments — had actually signed on with Tesla or Mr. Musk to play those roles, according to people familiar with the matter. Goldman was in talks with Tesla about a possible role, but had not finalized anything. Silver Lake, meanwhile, is interested in investing in any going-private deal, but it isn’t acting in a paid advisory capacity.
  32. Azealia Banks:
  33. I waited around all weekend while grimes coddled her boyfriend for being too stupid to know not to go on twitter while on acid
  36. Wall Street Journal:
  37. Tesla’s investors, captivated by the electric car maker’s future growth prospects, have ignored its rickety finances. That is no longer possible. Tesla is in trouble after a chaotic week. Elon Musk’s supposed plan to take the company private at $420 a share looks more like a fantasy. The Securities and Exchange Commission is investigating the company on multiple fronts, including issues related to disclosure about production of the Model 3 sedan.
  40. Nasdaq:
  41. TSLA 305.50
  45. Investors betting that Tesla stock will lose value — so-called “shorts” — have made $1.2 billion since CEO Elon Musk first tweeted about taking the company private. Much of that gain came on Friday, after the New York Times published a revealing, emotional interview with Musk that drove Tesla stock down nearly 9%.
  48. >>> You can't make this shit up :D
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