And how did it create value for SCTY shareholders??? It instead has strangled Tesla with huge debt just so they could be used to pay back the non-recourse debt back to SpaceX.
It may have been much better for TSLA shareholders than letting SCTY fail because that would have damaged Musk's image as a demigod, which has been a huge source of reflexive value creation for them.
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That is exactly what the plaintiffs claim as the reason why the merger was pushed. Frauds are hard to short in reflexivity, but be careful. I had a successful career shorting frauds during QE.
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Cool. Best of luck to you, too. :) FWIW I don't own
$TSLA. I do find it fascinating however. - 2 more replies
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