#i can only imagine what his saudi investors must be thinking

[alteredphoenix]

Hey Muskrat you proud, tech-illiterate asshole, get your fucking shit together so I can get back to clicking Follow on the people I want to see on my platform >:V

[outfitofthedayxlz]

Share Investor: April 2021

3. A Corporate Investor: There is one final possibility that I considered and it is that a corporation with deep pockets would provide the money needed to take Tesla private. While they have the cash and perhaps may even have the interest, Musk's follow up that he would continue to run the company and hold on to his ownership stake strikes me as a poison pill that no corporation will want to swallow. Bank of America Corp ( BAC ) - Bank of America Corporation bounced off the 10 day moving average this morning but is now trading back below $17.93. I guarantee that investors who stick like glue to a trading plan are the ones who make NOT LOSE MILLIONS of dollars in their activities of online investing. Ensure that you just use capital that you could manage to lose if you plan on making these kinds of investments. He has to use his creative imagination. In the context of some of these critiques, there was discussion of how my valuation incorporated (or did not incorporate) the expected dilution from future share issuances and what share count to use in computing value per share. In fact, let's face it: this is the way even assets that have intrinsic value are evaluated for the most part.

On the other side, many of the short sellers in Tesla seem to be just as obsessed with Musk and are convinced that he is a scam artist. This entire post has been premised on the notion that Elon Musk had done his homework and that he intended to send a serious signal to markets about a future buyout. So, it is true that short sellers are a distraction to the company, but only because Elon Musk has made it so. If the statement is true, he has either found an inept bank that will lend tens of billions to a money losing company with an undisciplined CEO, or a private equity investor who is willing to make the largest PE investment in history, while allowing Musk to continue running the company, with no checks and balances. In his set up, existing shareholders will be allowed to exchange their shares in Tesla, the public company, for shares in Tesla, the private business, and those shareholders who are unwilling to take this offer will sell their shares back to the company at $420/share. The second is that even if Tesla manages to get regulatory approval for this unconventional set up, many shareholders may choose to cash out at $420, if the company goes private, even if they think that the shares are worth more, because they value liquidity.

Just as it is dangerous to fall in love with a company that you have invested in, it is just as dangerous to bet against a company because you hate its management and want it to fail. 2. A Deep-pocketed Outsider: The announcement that the Saudi Sovereign fund had invested $2 billion in Tesla shares came just before Musk's "going private" tweet, setting up a second possibility, which is the a large private equity investor (or several) would step in to fund the deal. They have and are invested in young, growth companies: Unlike traditional PE investors whose focus has been on doing leveraged deals of cash-rich companies, Softbank has invested successfully in growth companies, many of whom continue to burn through cash. As a publicly traded company with a market capitalization of $103 billion, making a $55-60 billion additional investment in Tesla would be a reach, but Softbank is capable of drawing other investors of its ilk into the funding. They have a history with Tesla: There were rumors last year that Tesla and Softbank had talked about taking the company private, but control disagreements caused negotiations to break down.

A break above $6.20 would be very bullish. This was definitely not one of the brightest moments in boutiques market history. Given Musk's history of impetuous and personal tweets, that premise might be completely wrong, in which case the explanation for this episode may be far simpler and rooted in the war with short sellers that Musk has been fighting for a while. That is why I hope, for Tesla's sake, that Musk's personal dislike of short sellers did not lead him to tweet out that Tesla would go private. Musk is convinced, rightly or wrongly, that short sellers in Tesla are conspiring to bring not just the stock price, but the entire company, down. That said, I am not sure that Elon Musk and Masayoshi Son (Softbank's CEO) can co-exist in the same company. The drama will undoubtedly continue, and in a world where we get much our entertainment from reality shows, the Elon Musk show is on top of my list of must-watch shows.

[usnewsaggregator-blog]

Europe Edition: Zimbabwe, Emmanuel Macron, Jeff Sessions: Your Wednesday Briefing

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Europe Edition: Zimbabwe, Emmanuel Macron, Jeff Sessions: Your Wednesday Briefing

In one village, he found a lone Shiite cleric who was trying to help. “I’m trying to talk to people about God, give them peace of mind — that is all I can do,” he said. “And pray. One can always pray.”

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Credit Pool photo by Ludovic Marin

• In France, President Emmanuel Macron visited an impoverished suburb and a depressed industrial town, promising investment and seeking to dispel jibes that he is the “president of the rich.”

Mr. Macron, along with Chancellor Angela Merkel of Germany, is expected to attend the United Nations climate conference in Bonn today.

There, energy experts are watching to see whether China steps up its climate ambitions in the face of American retreat. (Sign up here to receive Climate Fwd:, our new newsletter.)

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Credit Doug Mills/The New York Times

• “It’s been very epic.”

That was President Trump, assessing his 12-day tour of Asia. As one of our accompanying reporters puts it, he treated the trip as a test of his own charisma and stamina, but it’s unclear what he actually achieved on major issues like trade and North Korea.

Another correspondent notes that, while it’s true that he made no major gaffes, his mixed signals fed a sense that China, not the U.S., calls the shots in the region.

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Photo

Credit Al Drago for The New York Times

• In Washington, Attorney General Jeff Sessions told a House hearing that he could not recall the details of a campaign adviser’s Russia proposals but that he could recall rejecting a proposed Trump-Putin meeting.

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He earned praise from Republicans for ordering career prosecutors to evaluate whether a special counsel should investigate Hillary Clinton, a bid that would shatter norms established after Watergate.

Meanwhile, a firm with ties to President Vladimir Putin’s former boss in the Russian spy service has been employed to protect American diplomatic missions in Russia.

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Credit Al Drago for The New York Times

• Republican senators are struggling to figure out what to do about Roy Moore, the Alabama Senate candidate accused by five women of having sought romance or brute sex with them when they were teenagers.

If he’s elected — and many people in his state are standing behind him — they could expel him from the Senate, an action last taken during the Civil War. (Above, Representative Sheila Jackson Lee holding pictures of Mr. Moore and some of his accusers.)

We’d like to hear from readers for whom the recent wave of sexual harassment accusations have prompted frank discussions with parents or grandparents about changing attitudes across generations.

Business

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Credit The New York Times | Sources: The World Bank; McKinsey & Co. Data is latest available, from 2014.

• The end of cash? Physical currency remains the most popular way to pay for things, but China is among the countries charging into the cashless future. (The map above shows the share of adults who made or received any noncash payment.)

• Three Yale professors are racing against Google, IBM and Intel to build the first quantum computer. “It will solve problems we can’t even imagine right now,” an investor said.

• Op-Ed: Some companies are making a fortune by using personal data gleaned from the internet. They would barely notice a 1 percent tax, but it could make a better world.

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• Here’s a snapshot of global markets.

In the News

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Credit Fayez Nureldine/Agence France-Presse — Getty Images

• In Saudi Arabia, the risk of a blowback to the crown prince’s brazen seizure of power is growing. [The New York Times]

• A majority of Australians voted “yes” to same-sex marriage in a nationwide poll, paving the way for its legalization in Parliament. [The New York Times]

• A World Anti-Doping committee found that Russia was still noncompliant with the antidoping code, an infraction that could keep the country out of the Paralympics. [The New York Times]

• A gunman rampaged through a small Northern California town, taking aim at people at an elementary school and six other locations. He killed at least four people before he was fatally shot. [The New York Times]

• Republicans think they’ve found another way to finance their sweeping changes to the U.S. tax structure: repealing the Obamacare requirement that most people have health insurance. [The New York Times]

• The Legion of Christ, a Roman Catholic order, acknowledged that it had established offshore companies in Caribbean tax havens in the past. [Associated Press]

Smarter Living

Tips, both new and old, for a more fulfilling life.

Photo

Credit Jim Wilson/The New York Times

• For those planning to celebrate Thanksgiving, our cooking team can help. And spicy sweet potatoes are good in any case.

• A link between alcohol and cancer is not nearly as scary as it sounds.

• Can ketone supplements rev up your workout? Maybe, if you can stomach them.

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Noteworthy

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Credit Santiago Felipe/Getty Images

• “Utopia,” Björk’s new album, is a love letter to optimism.

• The world of Scrabble is in an uproar over a three-year ban of a top British player investigated for cheating.

• In London’s theaters, our critic found himself watching “the English contemplating the demise of England in a very English way.”

• Christie’s is expecting Leonardo da Vinci’s recently rediscovered “Salvator Mundi” to sell for at least $100 million at auction today.

• Denmark’s national soccer team qualified for the soccer World Cup by routing Ireland, 5-1. The U.S. tied Portugal, 1-1, and Germany drew France, 2-2, in friendlies.

Back Story

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Credit Mark Jay Goebel/Getty Images

“The time has come when man can no longer continue using the land, sea and air as his ‘trash basket,’” a New York Times article said in 1966. “He must find ways to cycle his wastes, both solid and liquid, back into the economy.”

It was one of our first front page articles to address the urgent need to deal with household waste.

The report was based on a National Academy of Sciences study sent to Lyndon B. Johnson’s White House. It came as more cheap, plastic goods were entering the daily lives of Americans — and leaving as garbage.

We have come a long way. Today is the 20th America Recycles Day, a nonprofit initiative.

Last year, 1.9 million Americans participated, organizers said, and 63 million pounds of recyclables were collected.

But there’s much work still to be done. A third of U.S. household waste still ends up in landfills.

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Sweden could show the way. In 1975, its recycling rate was about on par with America’s now, but last year, only 0.7 percent of its waste ended up in landfills. Sweden even imports waste — to use as a source of energy.

Here are 10 tips to improve your recycling.

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Your Morning Briefing is published weekday mornings and updated online.

This briefing was prepared for the European morning. Browse past briefings here.

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