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No. of Recommendations: 5
With a financially strapped company Musk spent precious corporate capital to bail out a company on the verge of going bankrupt, lying through his teeth that all the company needed was to consolidate with Tesla and then they could coordinate sales and all would be well.

If you want to own stock in a company who cares so little about the value of the corporation to shareholders and uses the company as his own personal toy, then go ahead, by all means!

I still cannot believe that Tesla enthusiasts defended and actually bragged about the brilliance of the move.

Yes, the Board of Directors approved the transaction. Demonstrating that the BoD is not independent at Tesla. Is it now?

Tinker
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