CLK350
Member
Agreed, this is like a poker game now - weighing where the courts will decide, with Elon the option of creating his version of Twitter.
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Elon & Twitter
- Thread starter Buckminster
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Agreed, this is like a poker game now - weighing where the courts will decide, with Elon the option of creating his version of Twitter.
AlanSubie4Life
Efficiency Obsessed Member
Elon recruiting followers to help him angle for a huge discount?
Twitter should be punished for these awful acts.
Twitter should be punished for these awful acts.
AlanSubie4Life
Efficiency Obsessed Member
Technically not quite correct. Actually they can only use the higher value of the fudge factor if they do the more comprehensive set of tests. If they only do two-cycle testing (UDDS and HWFE) then they must use 0.7 to scale the weighted (55% and 45%) results of these tests. If they do test all five cycles, then they can (if they wish) scale their UDDS and HWFE results with a scalar factor (which so far has gone as high as ~0.76) which is based on a set EPA formula, using the results of all five types of cycles (adding US06 (“high” speed), 20F FTP (cold), and SC03 (air-conditioning)). At least that is my basic understanding.
So if you do better on high-speed/cold/AC, you can get a higher scalar for your weighted UDDS and HWFE cycle results. And thus a better range result.
A few manufacturers just choose to use 0.7. For example, VW, as I recall, lol. Also some other American manufacturers.
Of course, no matter what is done, the result is not very useful to the end customer, with current EPA regulations. It does not predict realistic highway range, which I would argue is most relevant.
Would just need to cut and paste from this website.
Anyway, perhaps if the EPA used machine learning they could get to the bottom of their range fiasco. It should be punished, just like Twitter.
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AlanSubie4Life
Efficiency Obsessed Member
Daniel in SD
(supervised)
_Redshift_
Member
I am guessing Twitter stock will go up, now?
Also, this is the (what number) lie Elon has uttered?
Also, this is the (what number) lie Elon has uttered?
Daniel in SD
(supervised)
TWTR is flat after hours. The market knew on Friday. Still seems like it should be higher if it’s certain to go through. Hard to imagine the Twitter board will agree to a price close to $43.I am guessing Twitter stock will go up, now?
Also, this is the (what number) lie Elon has uttered?
_Redshift_
Member
Oh, I see. I don’t really care either way. It’s just that Elon just telegraphed what’s happening with his ‘secured funding’ _this_ time.
Some of the suckers aren’t willing to be suckers, after all!
AlanSubie4Life
Efficiency Obsessed Member
I assume you watched the videos. Of course it is not certain it will go through, either. Anyway, you can put together your own worksheet with expectation values (I suspect there could have been some minor errors in his analysis based on the implied value of Twitter without the purchase offer).
$43 not that far off. Yeah, I wouldn’t expect much lower than maybe $49 from Twitter board. (And sounds like they wouldn’t have much difficulty fending off lawsuits either based on precedent.)
Daniel in SD
(supervised)
AlanSubie4Life
Efficiency Obsessed Member
The most exciting part of those videos is that it is apparently true that Elon could be forced to pay a $16B penalty or whatever to make Twitter whole (expectation damages, which are not limited by the contract). Pretty unlikely though. But Elon said the most entertaining outcome was the most likely….
At least, untill he buys more TSLA...
This seems such a blatant lie.
Back in April, Elon sold $8bn of TSLA to fund his Twitter idea, and said then there would be no more TSLA sold. Yet, here we are. Feels like this could easily happen again next week, or next month, or whenever, for the rest of the $46bn. By expecting to buy the shares back later, he’s basically shorting? (betting that the value will go down in the meantime).
I love what Elon achieves for Tesla and for SpaceX, but it feels like this Twitter affair, and his use of that platform in general, has the potential to waste a lot of his time and money. And ours, too.
Back in April, Elon sold $8bn of TSLA to fund his Twitter idea, and said then there would be no more TSLA sold. Yet, here we are. Feels like this could easily happen again next week, or next month, or whenever, for the rest of the $46bn. By expecting to buy the shares back later, he’s basically shorting? (betting that the value will go down in the meantime).
I love what Elon achieves for Tesla and for SpaceX, but it feels like this Twitter affair, and his use of that platform in general, has the potential to waste a lot of his time and money. And ours, too.
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Daniel in SD
(supervised)
I don't need even more of Elon playing the victim, that's not entertaining at all. I'm much more interested in seeing him run Twitter.
I think this is him saying the deal is definitely going to close. He already owns way too much Tesla stock and has many other interests and investment opportunities. When Elon starts new companies he makes a 1000x return, even if Tesla become the only company on earth it wouldn't be able to match that.
bkp_duke
Well-Known Member
Whoopty-doo!
Circumstances change, plans change.
They are HIS SHARES, he can sell them when and how he wants (within the guidelines of insider trading rules dictated by the SEC and Tesla Board).
Some billionaires sell to buy yachts, houses/properties, etc. Elon wants Twitter. His money, so he can have it.
If you don't like the ride, get off the boat and sell any TSLA you might have.
Daniel in SD
(supervised)
planned. I don't think he was planning for the stock market to crash, the value of the company he agreed to buy to crater (some of which was his own doing) and all of his co-investors to jump ship.
Good advice! That's what I'll do as soon as the SP recovers from the damage his Twitter-lust has caused.
Once we are back above 1100 I am out.
That will probably happen only after this saga ends one way or another (probably by him paying out far more than that cesspool is worth).
JRP3
Hyperactive Member
Mr 3D chess should have seen all of those possibilities.
Hey, so apparently there are investment fund vehicles available for people to do-invest alongside Elon if this purchase does go through. Minimum investment being at least $250K. I’m tempted to at least think about it, since Elon obviously has a big vision for Twitter that includes online payments. It would be a rare way to own part of a company that Elon controls.
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