Wednesday, August 08, 2018

Blind Item #18

The celebrity CEO is now furthering that fake news he was spinning yesterday by bringing in a suitor sure to get everyone riled up. Who could he pick to swing people to his side and drive the stock price up? The same people that are having a diplomatic battle with the country to the north. Make them the bad guys he says.

52 comments:

Unknown said...

Someone picked up an extra billion or two after that tweet yesterday.

Meanwhile Rep. Collins was arrested for insider trading.

MontanaMarriott said...

Elon Musk discussing plans to go private?

https://www.bbc.com/news/business-45105674

sandybrook said...

Well the stories say the Saudis invested and bought 4% of the company yesterday, he owns 20% of it. Who knows how many billions Hedge may kiss away if he does take it private.

Cail Corishev said...

Yeah, sounds like it's supposed to be Musk. But who is he trying to make the bad guys, who are currently in a diplomatic fight with Canada? Don't understand that part.

Rory Gman said...

Some one is in trouble http://www.dailymail.co.uk/sciencetech/article-6039637/Teslas-board-says-Musk-started-private-talks-week.html

LadySabreX said...

Musk

Ronaldus Magnus said...

I feel the CEO with E.G.O. is trying to get back at the shorters. I don't trust any of it.

Bitchysoisse said...

The Saudis are currently having a kerfluffel with Canada.

Cail Corishev said...

I had a boss once who always lied about the business. It was a small, new, growing business, but that wasn't enough for him. We had 5 employees, and he would tell people 12. We were grossing $250K in the first year, and he told people $1M. He also had big plans about going public with it and walking away with millions from the stock sale, which never happened, though he did end up selling the business for a reasonable 5-figure amount.

When he lied, it was just obnoxious. When you're a public corporation subject to lots of federal regulations, it's a different story. We tend to think a billionaire would know better than to act like a small-time huckster, but why? Especially someone with a Twitter habit. How many people have gotten themselves in trouble tweeting without thinking or having anyone else look it over first?

Cail Corishev said...

@Bitchysoisse, thanks. And the Saudis just bought a chunk of Tesla. Seems like that would make them the good guys from Musk's perspective, though, unless he wants people to think they're trying to take it over and he wants to go private to keep it away from them? Doesn't seem like they bought enough for that.

Brayson87 said...

Oh it's been a bad 7 days for the Tesla short sellers hasn't it?
Is Tesla the best of breed? Who are Tesla's competitors for electric cars? Are we going to get some Edison Edsels?

Geeljire said...

Fake! Fake! It's all fake! Everything is fine! The beatings will continue until morale improves!

Neal M said...

As long as it end with Trudeau being frog marched out of Ottawa, all's well that ends well.

Jelly Queen said...

It’s only short term pain for the short sellers, ultimately the price will still tank because the company is fundamentally fucked up.

Natalie Fike said...

This isnt a blind. I literately just heard that on KFI.
And Space X will support Tesla no matter what.

J F said...

Lol.... uhmm, Natalie

I hate to be the bearer of bad news but SpaceX is deep in debt and has never made a profit. It is just a piglet suckling on US government grants, subsidies, and an occasional contract.

I hardly think they are in a position to support a starving child in Africa, let alone a cash burning boutique car company @ $70+ billion with a part time CEO and half it's executive offices empty...

But hopes and dreams are such happy thoughts... rainbows are so pretty... and unicorns are truly amazing. Sweet dreams princess, I'll leave the light on for you.

Geeljire said...

Can we rebrand CDAN from a "Hollywood gossip" blog to an "espionage denialism" one?

Cail Corishev said...

Good thing I didn't come here for stock tips. So far I've learned that a one-day or one-week rise in a stock price proves the company is healthy, and it's silly to care about profits.

notthisagain said...

musk with the saudi prince whatever his name is buying 5% of the companie or something billion dollars

saudi vs canada ding ding ding

Geeljire said...

Username/blind combo

Jim O'Sullivan said...

It's finally occurring to the rest of the world that Elon Musk is a con man. I mean, here's guy who's been selling coal-powered cars with a federal subsidy. They're "environmentally friendly," don't you know? He makes Bernie Madoff look like an amateur. But with that tweet, he finally got out over his skis.

plot said...

@Jelly

"It’s only short term pain for the short sellers,"

No it isn't.

"https://www.investopedia.com/ask/answers/how-does-one-make-money-short-selling/

-when you buy a stock (or go long) you can lose only the money that you've invested. So, if you bought one TSLA share at $315, the maximum you could lose is $315 because the stock cannot drop to less than $0. In other words, the minimum value that any stock can fall to is $0.

-However, when you short sell, you can theoretically lose an infinite amount of money, because a stock's price can keep rising forever. Like in the example above, if you had a short position in TSLA (or short sold it) and it ended up rising to $355 before you exited your position, you would lose $40 per share.

That is money you can't invest anywhere else, you are STUCK. To get out, you have to not only lose your investment but how ever much the stock as risen, to boot. In investment terms, if you money isn't working for you, it's working against you. Holding onto shorts loses you a lot of money the longer it takes to tank.

Geeljire said...

None of the stock exchange matters if at the end of the day you are money laundering

Geeljire said...

Is [s]strikethrough[/s] here?
Don't tell me if I'm wrong

bdm said...

The biggest part of the Canada story is that Trump must have OK’d it. Canada has supported every US war with blood and treasure. They hid the Iranian hostages in 1979. They let airliners land after 9/11.

We as a Country should be ashamed we picked a Country that crucifies people in public over our steadfast neighbor.

hunter said...

What?!?! Nooooo, everybody still loves Canada.

The problem is nobody fears them.

plot said...

@bdm

"Canada has supported every US war with blood and treasure."

Nope.

Canada did not participate in Vietnam.

Canada did not participate in either of our invasions of Iraq.

Syd Lexia said...

plot

Ironic that you lost every war you just mentioned.

Itttt said...


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Boldblonde said...

Saudi Arabia and Canada. The Canadian ambassador was kicked out of KSA. @Cailcorishev

Scandi Sanskrit said...

I used to tolerate Elon Musk until Twitter started to ban people for parodying him on their platform. What is he the new dictator in the tech industry now? Gross.

Gross.

GROSS.

Scandi Sanskrit said...

Oh I forgot to add the emoji: GROSS. 🖕🏼🖕🏼🖕🏼🖕🏼

Scandi Sanskrit said...

I don’t get how CDAN commenters think Amazing Quotes’ spamming is the “worst thing about Enty’s blog” but then engage with anti-semites, racists, etc.

And don’t tell me that a bigoted comment is considered more “valuable because it’s at least the author’s opinion” or that it was “thought-through”, it’s harmful.

Way more harmful that some spam post promoting sites for quotes.

Scandi Sanskrit said...

*than

slipperyGuy said...

This is a brilliant idea by Musk. Once the company goes private, the shorts will have to cover, since there will be no public float to borrow the shares from. The trade is over. Even if Tesla eventually goes bust, the shorts are screwed.
Hope Mr. Hedge, if he really exists, can keep his investors.

Scandi Sanskrit said...

His ass can move to Mars and I wouldn’t miss him.

Rufus II said...

@Scandi Sanskrit Agree on both counts.

Jenn said...
This comment has been removed by the author.
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plot said...

@Syd

"Ironic that you lost every war you just mentioned"

Blame Canada! Lol!

The USA hasn't been a part of a winning effort since WW2 except for the Bosnian War...which never enters the stats for some reason, probably because the USA didn't control that one in any meaningful way so the Hawks pretend it didn't happen.

plot said...

Oh, and the Bosnian business was a success for Bill Clinton, so naturally the Reich is not very pleased admitting it was our only military success since WW2 unlike their horrible blunders in the Middle East, which are near constant. If anything should sour the public's opinion of the GOP it's their constant need for wars that bankrupt our schools, prevent Medicare for all and a decent standard of living in the USA.

No! 'Merica! Bombs and blood! Woo-hoo!

What people also don't realize is our exit from TPP (thank god, it's an infinitely better treaty without the USA) has now made Canada a bigger world player. Canada doesn't have to put up with Saudi shit like we do (please, master, give us another! Our people will thank you for bombing us!) Not now, at least. Because the USA had to protect our awful corporate laws and diseased Wall Street interests, cutting the USA out has made TPP a very exciting means of consolidating power against entities like Saudi Arabia.

I'm tremendously curious to see what comes because of TPP.

Lovino said...

@plot (the fact master)

Hi...Korea, Vietnam and the invasions of Iraq weren't wars. They were police actions, etc. War requires an act of Congress. Police actions, etc., don't. Bye.

plot said...

So you accept that the USA is the world's police action state?

I call them wars. If it acts like a war, talks like a war, quacks like a war, it's a war...or in all those occasions - foreign invasions.

Cail Corishev said...

@Scandi, no, Musk isn't the dictator of the tech industry. More like a patron saint, someone to be revered and looked to for inspiration and miracles.

riffer73 said...

Sure. US won the Bosnian war and allowed eleven mujahideen veterans of Bosnia and Chechnya to be released for "Other duties".

Geeljire said...

Wesley Clark is a cabal backed coward and war criminal, a disgrace.

Doug Cranmer said...

Canada didn't.

Canadians did.

plot said...

@riffer

Why refer to it as the Bosnian War? It was a larger conflict than that. One could call it the Serbian War or Croatian War, and the former would be more accurate actually.

longtimereader said...

Gotta admire the sheer brazen attitude of KSA to basically admit to being behind 9/11 and then threaten a similar attack upon Canada if it didn't play ball. The fact that it was ignored/glossed over in the US media says everything about who wields power these days.

SophiaPetrillo77 said...

@slipperyGuy you are right
Hate the player, but mesmerized by the brilliance of the game

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plot said...

Musk is a shitty human but the hedge fund managers trying to recreate The Big Short are miles worse. I'd rather see the hedges lose BIG and be sued by their clients into economic ruin than begrudge Musk a nominal win.

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