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The dark side of Elon
16/8/18 14:16![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
mahnmutEarlier this month Elon Musk dropped yet another bombshell. I've waited for a while with this post so we could get more clarity about what the phrase "funding has been ensured" exactly means. Well, now we know where the billions needed for Tesla to be withdrawn from the stocks (with a price of $420 per stock) would come from. Turns out, the money will come from his biggest enemy, the oil industry. And the Saudi one, at that. The irony!
Musk has always said the oil giants are doing their best to destroy his company, because it offers an alternative for the future, i.e. it's their rival and a threat to their existence. Now, as it turns out, petrol dollars aren't that bad after all. After weeks of quiet (if we don't count the news that the feds were investigating Musk's tweets which they suspected were designed to boost his stock prices), now Musk himself has admitted where he'd get the money he needs to finalize the deal: Saudi Arabia, the world's largest oil exporter. And more interestingly still, the negotiations with the investment fund have actually been going on for two years. Whoa boy.
( Read more... )
Musk has always said the oil giants are doing their best to destroy his company, because it offers an alternative for the future, i.e. it's their rival and a threat to their existence. Now, as it turns out, petrol dollars aren't that bad after all. After weeks of quiet (if we don't count the news that the feds were investigating Musk's tweets which they suspected were designed to boost his stock prices), now Musk himself has admitted where he'd get the money he needs to finalize the deal: Saudi Arabia, the world's largest oil exporter. And more interestingly still, the negotiations with the investment fund have actually been going on for two years. Whoa boy.
( Read more... )
