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Or the letter was a CYA

If they truly wanted a CYA then they would have issued a 8K. The letter to the employees is to address all the market chatter bothering employees.

If you have invested $1000 at IPO, today it is worth 22 times more. So the investors are going to be unhappy is BS, and Musk is also talking about those investors who wants can be shareholders as part of the private enterprise.
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