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Elon Musk’s billion-dollar joke for Grimes
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#technews #news #tech #technology #elonmusk #tesla #twitter #grimes #elon #musk #billionaire #richest #money #finance #business #economy #startups
Elon Musk just risked it all, probably unintentionally, to make his girlfriend (Grimes) laugh. In 2018, Elon tweeted that he had secured funding to take Tesla private at $420 a share.
Turns out, the funding had never been secured. And now Musk is facing a lawsuit from Tesla investors who say that the tweet negatively impacted their investment decisions. On top of that, Elon is facing the possibility of securities fraud.
As it stands, the case boils down to whether Musk knew that the $420 price for Tesla shares was actually a joke. During the trial, Elon himself put it best. He said, "There is some karma around 420, although I should question if that is good or bad karma at this point.”
Something something hindsight is 20/20
Elon Musk just risked it all, probably unintentionally, to make his girlfriend (Grimes) laugh. In 2018, Elon tweeted that he had secured funding to take Tesla private at $420 a share.
Turns out, the funding had never been secured. And now Musk is facing a lawsuit from Tesla investors who say that the tweet negatively impacted their investment decisions. On top of that, Elon is facing the possibility of securities fraud.
As it stands, the case boils down to whether Musk knew that the $420 price for Tesla shares was actually a joke. During the trial, Elon himself put it best. He said, "There is some karma around 420, although I should question if that is good or bad karma at this point.”
Something something hindsight is 20/20
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This can happen in Thailand
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