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"Seems he was serious, based on the letter. Who knew?"

Or the letter was a CYA move when the lawyers panicked after the tweet.

"If there's a securities violation, the important question will likely be the level of truth
to the assertion in the tweet that they had "funding secured".
I have no reason to doubt that, but he'd better have some paperwork on that when the SEC comes calling."


Bingo. If there is trouble in the tweet, it is in the "funding secured" part. If funding wasn't really secured (and that is easy to check) then the SEC should take issue with this.

What I find most interesting is the small buyout premium to price.

If I was a shareholder who truly believed that Tesla was the next big thing and was going to dominate cars, trucks, self-driving, and battery technology in the future then the buyout price is absurdly low. That said, shareholders can't really crow about selling their shares at a premium either because the premium was ridiculously low for the risk they were taking on.
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