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Showing posts from August, 2018

Mark Cuban on Elon Musk and Tesla: "You're Investing in an Entrepreneur"

Well the long knives were certainly out for Tesla ( TSLA ) and its CEO, Elon Musk this week. Wall Street, legal firms, the SEC , and media talking heads were all roused to action (or comment) over Musk's recent proposal to take the company private at $420 per share. After floating the idea (via Twitter) of a private buyout of Tesla on August 7, Musk wrote to Tesla employees and shareholders about his vision for running Tesla as a private firm in a blog post entitled, "Taking Tesla Private" . Among the advantages of operating Tesla as a private firm (as well as the disadvantages of being a publicly traded company), Musk lists the following:  "... First, a final decision has not yet been made, but the reason for doing this is all about creating the environment for Tesla to operate best. As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders.  Being