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Odd Lots

Matt Levine Dissects Elon Musk's Controversial Tweet

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.41.6K Ratings

🗓️ 4 September 2018

⏱️ 34 minutes

🧾️ Download transcript

Summary

There's been an intense debate about what Tesla CEO Elon Musk meant when he tweeted in early August that he was taking the company private and that funding was "secured.” Bloomberg Opinion writer Matt Levine discusses how securities regulators might view such a comment.

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Transcript

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0:54.7

Bloomberg in-car apps are sponsored by interactive brokers. Hello and welcome to another episode of the Odd Lots Podcast I'm Tracy Allaway.

1:15.0

Tracy Allaway.

1:17.0

Tracy, you know what story has made this summer really fun?

1:20.0

I do actually.

1:22.0

It has to be Tesla right yeah so the last few weeks have just been this

1:28.6

incredible saga of Tesla starting with early August when its CEO Elon Musk said he was going to

1:37.6

take the firm private at a price of 420 dollars a share and then he said in the same tweet that he had funding secured and

1:46.3

ever since then there's just been this mad scramble on the part of everyone to figure out

1:51.6

what that tweet meant, whether it was legal, what the story behind it was, and everything, and I just found it to be incredibly fun and amusing the whole thing.

2:02.0

Oh yeah, I mean we thought that people dissected Donald Trump's tweets quite a bit, but the way

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