It was always like this. In 2017, 2018 and 2019, the worst years in the history of Tesla (TSLA) – Get Tesla Inc., many people sang the funeral speech of the manufacturer of electric vehicles. “2017, ’18 and 19 were three years, it was the biggest period of excruciating pain in my life. There was no other way, and we barely made it. We were on the verge of bankruptcy all the time. It’s not the way I want pain. “I do not like it. That was so much pain,” Musk said in an interview with Ted Talk recently. But Musk continued to believe as Tesla struggled to mass-produce the Model 3, the basic model that would allow it to sell cars to large numbers of people beyond the upper classes. Reports say Musk had pledged his stake in Tesla to secure funding for Tesla operations from banks. Three years later, Tesla dominates the electric vehicle market and is expected to produce about 1.42 million vehicles by 2022, according to industry sources. The car group has also become profitable and has a market capitalization of $ 1.01 trillion. How far have we come, from almost bankruptcy to one of the largest companies in the world in terms of market capitalization.
Transparency vs. Secret Encounters
Currently, the serial entrepreneur is in a difficult situation where the chances of winning are not very good, according to experts. Elon Musk launched a $ 43 billion bid on April 14 at $ 54.20 a share to take control of Twitter (TWTR) – Get Twitter, Inc. Report, which became the largest shareholder on April 4 after acquiring a 9.1% stake. He later rejected an agreement with the group under which he pledged to buy no more than 14.9% of Twitter by 2024 in exchange for a seat on the board. But suddenly, on April 9, the day of his first board meeting, Musk announced that he was rejecting the deal. Five days later, he formalized his hostile takeover bid. Since then, the board has adopted a “poison pill”, a kind of mechanism that strengthens shareholders’ rights in order to thwart a hostile offer. The plan is effective if a party acquires a 15% stake without prior approval and aims to ensure that anyone who takes control of Twitter through the open market pays all shareholders an appropriate premium. Faced with this opposition from within, Musk seems to have launched a public campaign on social media to gain public opinion for his offer. Basically, the future of Twitter will be decided on Twitter. In this way, Musk contrasts two images. That of transparency – he of course – playing all his cards on the table against that of the system that plans secret meetings. Indeed, while Twitter’s board is holding closed-door meetings to discuss Musk’s bid, the tech mogul is inviting users of the social network, which has more than 82.3 million followers, equivalent to Germany’s population. Scroll to continue “I made an offer,” the billionaire wrote on Twitter on April 14, linking to the financial bulletin with all the details. Each user can thus consult this offer and form their own opinion whether it is fair or not. As usual, Musk then conducted a vote to launch a public campaign against the board. “Making Twitter private at $ 54.20 should be up to the shareholders, not the board,” he asked.
Musk plays people against the system
Nearly 3 million Twitter users voted and the vast majority said “yes”, exactly what Musk wants. The richest man in the world then began to respond to comments from Twitter users about the battle he is now facing with the administration and the board. “Elon Musk is having a bad time,” a user posted on April 16. “I’m not sure he’s ready to get some PhDs, some MBAs and a baroness who use Twitter once a year (to reset passwords) and hold a total of 77 shares in the company,” he added with a photo of board members. Twitter Board. “Wow, with Jack leaving, the Twitter board collectively owns almost no shares!” Musk responded, referring to Jack Dorsey, the founder and former CEO, who resigned in November. Musk and Dorsey seem to be friends. “Objectively, their financial interests simply do not align with shareholders,” Musk added. When another user asked if the board could be charged with “criminal negligence” for “threatening to reduce their shareholder stake in the company,” Musk defended the board. “To be fair to the Twitter table, this may be more worrying for other potential bidders against me alone,” Musk said. The Bitcoin Archive account conducted a poll to ask users if they want Elon Musk to buy Twitter. It is important to note that Musk is a supporter of bitcoin. “Thanks for the support!” replied the billionaire. Musk also mentioned a series of tweets from 2017, in which he already seemed to be talking about the possibility of buying Twitter, a way to deal with those who question his motives. He himself commented on his tweets with an inverted emoji.
