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Right. The courts could force Elon to go ahead with the original purchase. So if he does buy back Tesla shares, he won't do it until everything is settled.
What is the basis for people saying Elon waived all Due Diligence?
No question in my mind what's happening here. But I think Twitter will Motion to seal the records on the basis of protecting their data commercially. Isn't that a good enough reason? That could hamper Elon's efforts to expose % bots or real user count. (Not a lawyer, but watched Perry MasonRock - Flintstones).It's difficult to understand but it's a reference to the multiple ways in which Twitter acted in bad faith (or perhaps they didn't know what the contract they signed required of them). The contract required them to not fire executives or take other actions that could materially change the company while the purchase/sale agreement was progressing. It also required them to disclose everything they knew that would help determine the actual value of the business.
The number of people who think this is a slam dunk for Twitter are brainwashed by the mainstream media. It's a direct result of them not understanding that the media is the defacto representation of all the business interests Elon Musk is threatening with his new, more efficient, common-sense ways to do business more efficiently, whether it be EV's displacing billions in oil revenue and ICE vehicle sales, trucking, or energy storage. Businesses that spend consumers money to advertise their wares to us have bought the media. They own the media.
It's incomprehensible that some participants here still don't understand that. I'm not speaking to @KMCC at all, but to those who have bought into the media FUD that Elon is going to be forced into buying Twitter at full price. Yes, anything could happen in a court of law, but no, that's not the most likely result.
So nothing in the publicly available legal declarations that says Elon waives all due diligence or if he doesnt do such and such by a certain date then due diligence is waived.Have the impression TWIT proponents have made that claim, and Musk/proponents have denied it and pointed to terms of the agreement that make the deal contingent on access to the data which Musk and his attorney’s letter say he hasn’t been given.
Disclaimer: I'm no expert on this."1,000kms in a breeze:" CATL unveils new Qilin EV battery with incredible specs
Tesla battery partner CATL unveils third-gen cell-to-pack battery technology which can deliver “1,000 km in a breeze."thedriven.io
Seems impressive. i wish they had presented more standard specs.
If the 255 Wh / kg is a pack level energy density, that seems roughly in line with the 2025 target for 4680’s to have a 54% “range increase” compared to 2170’s.
Would love any more advanced technological take on this @mongo ?
No question in my mind what's happening here. But I think Twitter will Motion to seal the records on the basis of protecting their data commercially. Isn't that a good enough reason? That could hamper Elon's efforts to expose % bots or real user count. (Not a lawyer, but watched Perry MasonRock - Flintstones).
As I tend to avoid "The Media", I not only save time but have a cleaner picture that makes more sense. (OK, maybe I dissect auto commercials if I see them on FFW.)
Meh...Macro worries clearly aren't going away (and if it is to setup for a 10,800 Nasdaq test, it needs to be with 5ish% on CPI print). Another round of Covid shutdowns in China would be pretty harmful to the global economy and Tesla specifically.
What is the basis for people saying Elon waived all Due Diligence?
So nothing in the publicly available legal declarations that says Elon waives all due diligence or if he doesnt do such and such by a certain date then due diligence is waived.
During the due diligence process, research is conducted to ensure that all facts pan out before entering into a financial transaction or agreement with another party.
How systemic are the issues?Any thoughts on TSLA implications of the bank issues in China?
skipped based on publicly filed bot count by twitter, and if that information was wrong, it should be grounds for terminating the offerElon skipped right to the offer.
Man I’m just loving this Twitter rally. Amazing rally. Best I’ve ever seen. Can’t even beat Apple
I’m confused….analysts after analyst said the moment Elon walked away, $100 would be added to the share price. Gee…..I wonder if wall st is just full of _____.
Dear god no one quote with an actual response on Twitter and it’s effects . We all know how this game is played. No one should be surprised at the stock action today. Wall st clearly still control of this stock. Can’t even beat its beta at this point.
It didn’t even take that much volume to drop the stock like a stone
Funny when we sold our business we didnt disclose all the records until after an initial agreement was in place and signed. Then after all the verification we closed on the sale.This has already been explained before.
In M&A law, DD is what you do before you make your offer
You say "I want to buy your company, and I need this info to determine how much I think it's worth and then I may, depending on the info, make an offer"
Typically a bunch of NDAs then get signed, they answer your questions, and you decide if you want to still make an offer- and for how much.
That's what DD is- it happens before the offer, in order for you be able to confidently name the price you're willing to pay.
Elon skipped right to the offer.
He didn't "waive" DD- he just skipped it.
Due Diligence In Mergers And Acquisitions - Business Benefits Group
Learn about due diligence in the mergers and acquisitions process, what you can expect during the process, and why it is important to execute properly.www.bbgbroker.com
The only data the agreement requires Twitter to provide is that needed to close the purchase-- not data needed to decide if the offer was a good idea in the first place. That ship has sails when you make the offer.
And since markets are open now I'd strongly encourage any reples to move to:
Elon & Twitter
Sigh, I guess I have to explain this to Elon again. The monetizable daily active user number is generated by an algorithm designed to exclude bots. There are bots on the platform that are not counted as mDAUs. In fact Twitter has an API which allows bots. Also, do think bots tweet more or less...teslamotorsclub.com
This has already been explained before.
In M&A law, DD is what you do before you make your offer
You say "I want to buy your company, and I need this info to determine how much I think it's worth and then I may, depending on the info, make an offer"
Typically a bunch of NDAs then get signed, they answer your questions, and you decide if you want to still make an offer- and for how much.
That's what DD is- it happens before the offer, in order for you be able to confidently name the price you're willing to pay.
Elon skipped right to the offer.
He didn't "waive" DD- he just skipped it.
Due Diligence In Mergers And Acquisitions - Business Benefits Group
Learn about due diligence in the mergers and acquisitions process, what you can expect during the process, and why it is important to execute properly.www.bbgbroker.com
The only data the agreement requires Twitter to provide is that needed to close the purchase-- not data needed to decide if the offer was a good idea in the first place. That ship has sails when you make the offer.
And since markets are open now I'd strongly encourage any reples to move to:
Elon & Twitter
Sigh, I guess I have to explain this to Elon again. The monetizable daily active user number is generated by an algorithm designed to exclude bots. There are bots on the platform that are not counted as mDAUs. In fact Twitter has an API which allows bots. Also, do think bots tweet more or less...teslamotorsclub.com