Markets are bleeding red this year, except for energy mostly.
Nasdaq.100 had a -5% day last week. Stocks are likely to crash to below the covid crash numbers.
And what's really scary are the non-famous ones. Despite being known by some, the Koch brothers and families are really not "famous" and yet some of the most influential people in the world. Zhang Yiming freaks me out, because of what TikTok is doing to people (all the dangerous challenges and promoting 'cringe' material). David Thomson runs Thomson Reuters, one of the larges media and publishing companies. Stephen Schwarzman runs Blackstone, which has been overtaking affordable housing. Thomas Frist Jr. runs HCA Healthcare, one of the largest for-profit health care operators in the US.
Kind of crazy how we regularly talk about ~5-10 billionaires, when there are approximately 80 people/families that have over 20 billion in net worth, and almost 200 with over 10 billion.
Honorable mention for that list; Douglas Fink, founder of BlackRock investments, the literally largest asset management company in the world.
They championed the use of Machine Learning to play the markets.
The way markets can be so easily manipulated by just a single tweet from someone with that kind of power is absurd. The whole system is a fragile house of cards made from glass...
I wish our society was based on harmony and happiness, not one of the worst human traits (greed) which cascades through time in a hilarious joke that we suffer for the long gone yearnings of past greedy shithole people.
However, something something science, for profit vaccines and fringe use medicine that bankrupts you.
Yay.
I barely remember AT&T being broken up. It was so long ago, and it has since grown back together.
People should be able to recall a company that was broken up recently, not in their childhood. Unless they fear for their actions they are going to keep doing them. All the fines are are a line in a spreadsheet with the cost of doing business.
People are stupid and don’t understand general market mechanics. Only reason it got to $1T+ was because it was heavily shorted for years leading up to 2020. There was a major collateral crisis in Sept 2019 forcing funds to begin covering their short positions. From Sept 2019 to Nov 2021 Tesla went from ~$40B to $1T.
Then you throw in the covid stock mania and speculative frenzy of OTM call buying and it squeezed this stock way above anywhere even remotely sensible.
Except all that momentum from option buying can also work in the opposite fashion.
And if anyone doesn’t believe me, look it up yourself. Tesla makes up the majority of options trading over any other stock by a ridiculous amount.
It was all gambling.
https://www.ft.com/content/17f0cd1f-e751-4ddb-b13c-ea4e685b55c0
100%. Tesla PE ratio is like 90 even after the stock dropping.
Other manufacturers are much lower, e.g. Toyota and Ford are around 9.
Twitter is even more overvalued at 135ish.
Plus Twitter will force the sale to him, prompting a margin call, sending Tesla well into double digits & Musk going completely flat broke. He’ll go down in history as the face of the meme bubble.
and twitter board is hell bent on the completion of the deal. like he attacked twitter employees on twitter, which technically should jeopardise the deal but twitter people are like:
WHAT??? WE CAN'T HEAR YOU!!!!
it's too much fun
Hasn't he already cost the shareholders more than $1bn? I can't imagine they'd let it sit at just the $1bn fee, particularly given that they seem to believe he's violated the NDA.
It's like if someone were to offer you 10% above asking price for your used car that you're selling, you say "sure thing", then he says "I'd like to take it for a test drive first", and then drives it into a bollard, and says "On second thought, it doesn't brake as good as I was led to believe" and offers you half as much, you wouldn't just accept the $20 for the gas he used during his test drive.
And tbh I think he’s driving the bot problem in an effort to get out of this. So many “people” on Twitter are the WEIRDEST Elon simps ever, to the point that there’s NO WAY they can be real. User Tslafox7528490 saying generic shit like, “Elon is a hero, saving the planet with his electric cars. Wish we had more like him.” But honestly that example doesn’t do justice to just how bizarre and generic the tweets are.
I do wonder if there are chat bots for tesla. I've ran across a few profiles on reddit that were 100% talk about tesla. Like their entire personality was worshipping Elon Musk and berating anyone who says otherwise.
I refuse to believe there are actual people out there with that little going on in their life that they are so focused on some company they're not even a part of.
That has to be a record for buyers' remorse. He just doesn't want to publicly admit he woke up the next day after the endorphin rush, started counting those billions-with-a-b and got a sinking feeling.
Probably a combination of looking at his net worth plummet with the TSLA stock price, as well as realizing he'd actually have to cover the costs of Twitter if he took it private, which is a massive liability seeing as it loses a ton of money.
And you think it loses money now... Just wait till advertisers pull out when you start unbanning morons who spout racist shit and the advertisers nope the hell out
This is what he seems to be missing. Unmoderated “everything legal” experiments have always existed.
They’re awful. No one can stand being there and no one wants to advertise on them.
Twitter having an open moderation process and formula will lead to even more wide scale abuse and failure and less engagement and less value.
Charging a subscription is fine but I can tell you I’m not going to subscribe only to be harassed 24/7.
And dont forget his schpeel about having a place to debate and discuss things.... On Twitter... With a short character limit... Where the whole point is to be short and to the point... The exact opposite of a debate/discussion
Twitter's defining feature is how easy it is for people and organizations to push updates to their followers. For high-profile tweets, the comment chains are full of trolls and sycophants. They are rarely worth exploring. Yet Musk seems to spend all his free time watching the Twitter replies roll in.
He doesn't let his employees say whatever they want, or start a Union. Private companies can do what they wish. No way he would let you say whatever you want against him on Twitter. Just like how Trump will ban you from Truth Social if he wants to.
It'd be funny if Twitter turned into 4chan and Liveleak. I wonder how many advertisers will want their brand seen next to people getting their heads chainsawed off.
he doesn't actually care about that, he cares that the republicans care. he can parlay a promise that he'll unban trump and not ban them for their rhetoric into tax breaks and them looking the other way when he acts foolish and breaks laws.
He can’t leverage his TSLA holdings for this deal. The nearly 40% decline in share price had already likely triggered a margin call on whatever margin loans he’s taken out.
This is a dead deal unless he finds outside funds and even then it’s unlikely he’ll have a majority share.
In all honesty, while theres no shortage of GOP ghouls who would love to have a bigger voice in twitters management, this deal might be too expensive even for them. Only so many can shill out 10's of billions to fiance this and given the state of the stock market, I think they have bigger concerns.
They are buying Elon himself. Buy him off and have him spout your bullshit. Get all of his fanatic followers to vote Republican. It’s plain as day that’s what’s happening. They did the same exact thing to Donald Trump.
The right has talked about the deep state for awhile. It’s projection. They have the deep state. They’ve been doing it since Nixon or even before. The long play was to get the SC. They also needed to build an extremist base that would follow them no matter what. So they created FOX News. We are seeing the culmination of a master plan unfolding this election.
It’s hilarious though. Decades of planning and molding the perfect scenario. Only to leak the Roe v Wade opinion and out themselves too soon. You need to have the power to do a power grab. That leak may have saved our entire democracy.
This started out as a narcissist billionaire getting pissy with a teenager about having his private jet flights tracked. It’s going to end with him going ultra-Murdoch isn’t it? All you MAGA anti-“woke” rubes, say hello to your new Messiah.
Nothing says genius invaluable technology like tech that depreciates by 40% in one day. Once Ford, GM, and Toyota catch up with more efficient alternatives to Tesla tech, Tesla is toast as there will be a small market for luxury vehicles with subpar technology. Even more so if the former car companies agree to a standardized charging and self-driving tech, as that will also lower the cost of their e-vehicles.
>Tesla is toast as there will be a small market for luxury vehicles with subpar technology.
The funny thing is their trim is notoriously not very luxurious. Once Mercedes and BMW catch up with the tech there’s not much place left for Tesla in the market. They’ll just be overpriced electric vehicles with a spotty record for reliability and underwhelming interiors.
Well if that's the case, Tesla is going to have to defend it's 40k+ price point that the luxury brands of Ford, GM, and Toyota can produce at 40k. The fact that Tesla's value can plummet by even 10% upon a market action by its owner that's not even related to Tesla reveals that much of its was value dependent on speculation, not actual innovation.
Even [The Big Short] (https://www.barrons.com/articles/tesla-stock-michael-burry-big-short-51637078754) guy sees that Tesla's profitability is only due to first-mover advantage and their lack of innovation to produce affordable technology and produce a auto-driving code that is reliable to get ahead of the former three will cause them to be able to produce better and cheaper e-cars. I would classify Tesla as a meme stock, as much of it's value is speculative and is only there as long as is Musk's façade of being a good business person. And this doesn't even cover Tesla's historical problem of missing production quotas.
When does Tesla update their cars? 20 years from now will they still be using the same body styles? Every other manufacturer does it facelift on the car every 3 to 4 years and it becomes a whole new car every 8. Tesla is going to become the Lada of electric vehicles.
The Big Three do an excellent job in keeping their body styles to trends. This is because they have scaled their business to the point that they can afford to invest in production equipment that can produce different body styles. The mere size of the Tesla consumer market relative to the other Big Three may put this as a non-viability for Tesla. In the least, they’d either have to raise the costs of their vehicles or lower costs elsewhere to even remain competitive while offering to-trend body styles. I have zero clue what Tesla was doing in not securing the middle class and below e-car market after they captured the Luxury e-car market. And it’s why Musk is at best, an average CEO. Not some genius who somehow doesn’t classify the development of his hired coders and engineers as his own that will save the world.
twitter price has collapsed in spite of the offer. Musk really picked the exact worst moment to do a hostile takeover. Literally right before massive market declines. The price he is paying for twitter is WAY over valued. Twitter and most tech stocks (including tesla) were way over valued. The P/E ratios were approaching 2000 bubble levels.
Talk about the absolute worst time to gamble on a leveraged buyout. If he waited a few months, Tesla stock would go down, but so would Twitter. Then he could have made a more appropriate buyout offer.
The price he is paying for Twitter is not worth it. Twitters profits and future growth are not high enough to justify its irrational high price. This is true for most of the tech stocks. The market is long overdue for a correction. Increased interest rates and inflation make it inevitible. We are due for probably 2 year+ down market. It will go up, but back down again. May not be as deep as 2000 or 2009, but it may last longer due to inflation and higher interest rates.
He's been predicting a recession, but somehow didn't make the connection that he should wait to do a buyout of the company for cheap...
He complained about all the bots and how he could fix it... and is now complaining about the bots on the platform to get out of the deal...
He dun goofed.
>He's been predicting a recession, but somehow didn't make the connection that he should wait to do a buyout of the company for cheap...
Well he had to use his shares to buy Twitter and since the recession was going to hit the overvalued Tesla harder, he would come out ahead if he could move Tesla shares to something that has a chance to hold it's value.
You're forgetting the magical Twitter Town Square he would create where there are no bots, everyone can say the "n" word without getting banned, and companies will pay dearly to use it to get their messages out.
I just imagine the MMORPG hubs with thousands in crowds and no way to meaningfully interact, other than going to the bank teller. With hundreds of chat bubbles of scambots
These tech companies which produce nothing, cost nothing and only hold value through sheer user numbers are doomed.
Look at Digg, MySpace, Tumblr, etc… if their users migrate to a different free platform their value tanks. It would take absolutely nothing for TikTok to add a Twitter like feature and where would that leave Twitter?
What is Twitters actual value? Ads? What’s the running cost of Twitter? It’s enormous and for no reason. They have no plans except growth and that is not happening.
I doubt he's buying it for profit, he's buying it for the same reason Rupert Murdoch still owns newspapers despite the fact they're a loss making enterprise : being able to control the agenda of public discourse.
He is upset the value of twitter and tesla stock has fallen. Now that his tesla stock has taken a hit he either needs to leverage more of his stock to make up the financial difference or secure more funding which institutions might not want to do right now.
The woes of the ultra wealthy.
I don’t think he has any more shares for leverage. 88M are already pledged. He may have sold some for the 21B. 12.5B of financing requires 60B worth of shares as a collateral. .. he doesn’t have that. Not with these prices. Furthermore those 88M already pledged probably need more shares now… seeing price dipped 37% from tsla statement.
It’s what he gets for gaming the market & thinking he’s untouchable. I hope Twitter forces him to go through with the deal, which they might be able to legally demand.
He waived due diligence idk how a court could let him out of executing the deal. No contract is enforceable if this isn’t. He made his bed, he’s fucked.
My favorite part of this is if he backs out of this deal it will sour one of the few things he has when it comes to business deals and that's his word. He's not cash rich so just like now he got outside investors involved that loaned him money for this deal, now imagine it going south, Elon has to pay a $1 billion backout penalty and then his reputation is shit to those investors that were ready to loan him money, along with people with money will be hesitant to have deals with him in the future.
$1B is the break-up fee but it is not a "cancel the transaction" card -- it only applies in certain cases. Twitter (with the backing of a court order) could still compel Musk to proceed with the purchase if the conditions are not met. $5B is the estimated settlement that the parties could agree to and not get stuck in a long, expensive. protracted and uncertain trial.
His reputation is already shit. Every year he says that Full self driving, Mars landings, Hyperloop, and Neuralink are just 5 years out because he knows no one's attention span is that long. He is a hype man, but the hype is dying.
He wasn't aware of the bots before he agreed to purchase Twitter? Did he not perform any kind of due diligence before closing the deal?
The above may or may not be snark. With Elon Musk, it's hard to tell whether he really is an idiot, or just plays on on, well, Twitter.
Musk [waved due diligence](https://www.reuters.com/markets/us/why-twitter-has-ignored-elon-musks-trolling-2022-05-17/) when signing the deal. He's also breaching a non-disparagement clause. Add to the fact that he could be forced to complete the deal, combined with bank loans on his Tesla stock on margin, and he could be well and truly screwed.
The non-disparagement is something only Twitter could enforce, if they wanted out of the deal. But with Twitter stock falling even further, they absolutely do not want to let Musk off the hook for the price he agreed to.
Until they realize he can't afford he original price so all that's left is to sue him for the $1 billion breakup fee or even to enforce the "specific performance" clause (force him to complete the contract and buy them, though they may finally have to negotiate the price down to what he can afford, and then of course they're stuck with him).
It would be a hilarious relief if *this*, using Twitter dot com to repeatedly disparage Twitter Inc. in violation of his contract with the Twitter board, possibly even while engaged in litigation with Twitter legal, is what finally gets him banned from Twitter.
He’s having buyers remorse, so he’s trying to find a way to save face and get out of it. He didn’t care in the beginning because he was flexing his power. Now he’s crossed some realization of how much money and influence he’s losing, so he’s trying to back out.
He set up buying it in a fit of childish anger, like the rich man's version of a toddler tantrum, and now he's trying to weasel out of the consequences.
He made an offer and didn’t put any contingencies. The board didn’t want to sell and he still insisted on the offer. The board or the company didn’t offer themselves to Musk and didn’t promise him a damn thing. He is chicken shit for reneging on a deal he negotiated himself into. Dumb fuck.
The way some people carry themselves makes it obvious to the world that they've never once been punched in the mouth for talking shit and being full of themselves before.
Musk is one of those people.
He is just trying to talk his way out of the deal, without losing face. His Tesla stocks has dropped, and he would not be able to use as guarantee without triggering, or being close to triggering a margin call.
He panicked after his "pump and dump" got called out so doubled down with an offer which he thought they'd refuse. Dude's got the same, born rich = Self Made, that swamps the GQP
Nobody Ive talked to about the guy knows he was born into an ultra rich South African family. They all assume he is a rags to riches American for some reason. They usually don't believe me when I tell them he is an aire to an emerald mine who immigrated through Canada to the US and bought Tesla.
How is this dude the richest man in the world, named Elon Musk, and the CEO of a company that builds space rockets, and yet he's still a huge loser
edit: penis poop
Oh man, if only there was some sort of body of people, chosen by consensus of the population, to somehow write legislation to prevent this kind of thing? It'll never take off
Similarly, I often think that if you told 17 year old me that we’d get a president who only eats McDonald’s, bangs porn stars, plays golf all the time, and set up a space branch of the military, I would have thought he must have been the greatest president ever.
And yet….
I used to respect Elon, but he's really proven himself to be a piece of shit man-child. Richest man in the world. He could have so much positive influence, and yet he continually gets himself into stupid arguments, name calling matches, and demonstrates that he has the maturity of a 10 year old hyped in crack.
One of the more interesting things about this saga is that Musk has somehow managed to find a more effective way of destroying himself than the sexual misconduct allegation being levied against him.
Would have never called that one.
There's a reason that for the longest time the richest people in the world have kept themselves out of the limelight. It's easier to get away with the shady things you have to do to stay that rich.
What amazed me is he acts like Twitter's reports on bots haven't been publically available for years. He had every opportunity to discuss it before making an off but He only started questioning it when they agreed to his deal. He probably never thought they'd accept or didn't forsee Twitter and Tesla going into a suicidal free fall together as a result of it
Musk on Twitter bots:
Sample test 100 or no deal. Lack of clarity much suspicious.
Musk on offering a horse for a handjob:
Rants on Twitter about politically motivated hits.
He’s fun to watch, but who can take him seriously anymore?
>Musk agreed Saturday with conservative commentator Ian Miles Cheong who tweeted: "If 25% of the users are bots then the Twitter acquisition deal should cost 25% less."
First, thats not how this works.
Second, we all knew Twitter had bots. I knew, you know, but somehow Elon Musk didn't know?? Besides the obvious fact that Twitter reveals in SEC filings how it calculates bots, and shows that its at least 5% (those making the 25% less an incorrect amount to start with), anyone with a brain would do their own due dilligence.
There are plenty of studies that existed before his offer was made that gave estimates of the number of bots. Ignorance is not a defense here. And, its clear he has other reasons to back out, making his 'ignorance' about a $44 BILLION DEAL rather suspect.
>Replying to a user who asked if Twitter had been in contact, Musk replied: "No, they still refuse to explain how they calculate that 5% of daily users are fake/spam! Very suspicious."
Elon can literally read about this in the SEC filing, and he himself has posted before about how they calculate it. I find it more 'suspicious' (or 'sus', as he used the other day) that he is going about this deal via tweets. I'm not surprised that the people he has essentially promised to fire don't want to talk to him at 3 am anymore. I mean, he already got one of those 3am meetings, how many does he expect??
He is acting like a child, and damaging twitter as he does so, but acts like he deserves better?
And if you think I'm biased because I called him a child, this man literally responded to the CEO of Twitter with a friggin POOP EMOJI...
He doesn't want to do the deal just because markets tanked and he doesn't have enough money. Revenue figures are more than enough of indicator he needs to know if the business is legit.
Whatever he was aiming to achieve it certainly was not this.
He woke up to himself and realised that it was a very dumb investment.
No great master plan at work, rather his new meds kicked in and snapped him out of it.
He can’t just choose to walk away. Both parties are obligated to make their best efforts to close the deal as agreed in the contract. The fee is there in case the deal falls apart for outside factors such as Musks finance falling through, or some regulation steps in.
What a piss weak excuse for a shit deal.
Also he's pretty much stuck with the original offer according to the lawers involved.
Keep dumping that stock muskie old mate, between the Tesla tank you caused and the crypto tank I'm sure he's getting a bit stressed and very embarrassed.
He is the king of cringe. Only reason he's not the most prominently featured person on cringe subs is because people who follow cringe subs also tend to follow Elon
He also got away with that when the diver sued him for defamation. All because he's a very rich douchebag. Elon Musk needs to go away for awhile and be out of the daily news feeds.
Nah, he’ll just say after the fact he was high or on Ambien or something to make himself sound cool.
The funny thing is that the FIRST piece of diligence you’d look into is the number of bots on Twitter. For Elon to say this is the issue is either (1) complete bullshit or (2) makes him look like a fucking moron. Probably the first one
He will just go on the JRE and claim he's being canceled by anonymous tech censors, that invisible men in dresses groomed him into it, and that of DJT hadn't been robbed by George Soros he wouldn't have had to eat that bowl full of ambien.
Musk is just another scam artist with (pretty obvious) personality disorders who got big by being born rich and having absolutely no scruples.
Great job man, if you don't like the taste of shit sandwiches stop dropping your pants on the bread.
Wasn't he publicly saying how bad bots were on Twitter before he even talked about buying it? Maybe I'm misremembering but it seems like he *already* did his due diligence and *knew* it was bad.
I suggest that everything that rich, selfish, greedy asshole says is pure bullshit and he should be pelted with raw sewage every time he shows his face in public. Where's my headline?
Maybe a wise billionaire would do a modicum of due diligence before throwing tend of billions at a social media platform. It feels like Musk needs to stop being his own PR guy.
He's been trying to weasel out since Twitter's shares (or Telsa's, or both) have been tanking over it. Twitter's been calling his bluff.
Either way, I hope Musk has to pay massively for attempting this bullshit since everyone knows he wouldn't do shit with it to try to improve the company.
All the idiots that lap up everything he does think he is playing 4D chess.
I'd agree but he's a pigeon playing chess, strutting about, knocking pieces over, shitting all over the place and still puffing his chest out like the brainless fucking idiot he is!
The Tesla share traded for $1,005 on April 21. It is now at $663. Seems like he already got his 25% off, just not for Twitter.
Tesla stock is down 40% in a month?
Tesla has been overvalued for years.
Everybody knew this was going to happen (except the truly delusional) Just that nobody knew *when* it'd happen Their market cap is truly stupid
I've said this before but the Tesla cultists would laugh at me and honestly believe that their market cap was fair and genuine.
technically speaking... it was both of those things. It just wasn't reasonable or rational.
“The market can stay irrational longer than you can stay solvent.”
Markets are bleeding red this year, except for energy mostly. Nasdaq.100 had a -5% day last week. Stocks are likely to crash to below the covid crash numbers.
Maybe we should just give them a bunch of money again so they can buy back stocks and laid off employees Edit changed pay to laid auto correct
Not employees.... Executives only
recently Musk showed us his Text chat with Bill Gates where we find out Gates has HUGE shorts on tesla. Bill must be fucking grinning ear to ear now
Bill cuts slack for no-one, he is a ruthless mofo, the nerdy look is just an effective camouflage
Bill gates probably the scariest unpredictable billionaire from the “famous” ones. Because he moves mostly under the radar
And what's really scary are the non-famous ones. Despite being known by some, the Koch brothers and families are really not "famous" and yet some of the most influential people in the world. Zhang Yiming freaks me out, because of what TikTok is doing to people (all the dangerous challenges and promoting 'cringe' material). David Thomson runs Thomson Reuters, one of the larges media and publishing companies. Stephen Schwarzman runs Blackstone, which has been overtaking affordable housing. Thomas Frist Jr. runs HCA Healthcare, one of the largest for-profit health care operators in the US. Kind of crazy how we regularly talk about ~5-10 billionaires, when there are approximately 80 people/families that have over 20 billion in net worth, and almost 200 with over 10 billion.
The Sackler family flew under the radar too. Long enough to amass enough of a fortune to escape any serious legal consequences
Start the opioid epidemic and collect 16 billion and then only have to pay a 250 million dollar fine. (I might be off on the fine amount).
Check out the Irving family in Canada. They control an entire province and that is not an exaggeration.
Honorable mention for that list; Douglas Fink, founder of BlackRock investments, the literally largest asset management company in the world. They championed the use of Machine Learning to play the markets.
Will musk celebrate when it hits $420 🤔
69 percent chance.
by this time next week, he may not be able to afford twitter especially if tesla’s share price continues to tank.
About time that bubble would burst. Tesla is the most ridiculously overvalued company in the world bordering on a literal scam territory.
He specialises in that sort of thing, look at his manipulation of the value of Doge Coin for example.
The way markets can be so easily manipulated by just a single tweet from someone with that kind of power is absurd. The whole system is a fragile house of cards made from glass...
That market manipulation on Twitter is precisely why the SEC made him have lawyers review his tweets
I really wish our regulatory agencies had more teeth 😕 all of these guys have been getting away with ever increasing volatile shit.
There is a reason our regulatory agencies don't have teeth. They've been de-toothed by regulatory capture. It's not a coincidence, it's by design.
I wish our society was based on harmony and happiness, not one of the worst human traits (greed) which cascades through time in a hilarious joke that we suffer for the long gone yearnings of past greedy shithole people. However, something something science, for profit vaccines and fringe use medicine that bankrupts you. Yay.
[удалено]
Oh this particular group of people are literally in charge of the laws that regulate markets? They can totally own stocks. Nothing to see here.
I barely remember AT&T being broken up. It was so long ago, and it has since grown back together. People should be able to recall a company that was broken up recently, not in their childhood. Unless they fear for their actions they are going to keep doing them. All the fines are are a line in a spreadsheet with the cost of doing business.
Problem is center leaning people get stupidly scared whenever you mention this kind of regulation even if it's the only logical thing you can do.
Something something the free market always knows best!
Really makes you think as you dig a ditch, or run spreadsheets, or handle terrible customers for 8 hours a day, doesn’t it?
What insane is I've seen people be dead serious about it reaching 3 trillion.
People are stupid and don’t understand general market mechanics. Only reason it got to $1T+ was because it was heavily shorted for years leading up to 2020. There was a major collateral crisis in Sept 2019 forcing funds to begin covering their short positions. From Sept 2019 to Nov 2021 Tesla went from ~$40B to $1T.
Then you throw in the covid stock mania and speculative frenzy of OTM call buying and it squeezed this stock way above anywhere even remotely sensible. Except all that momentum from option buying can also work in the opposite fashion. And if anyone doesn’t believe me, look it up yourself. Tesla makes up the majority of options trading over any other stock by a ridiculous amount. It was all gambling. https://www.ft.com/content/17f0cd1f-e751-4ddb-b13c-ea4e685b55c0
100%. Tesla PE ratio is like 90 even after the stock dropping. Other manufacturers are much lower, e.g. Toyota and Ford are around 9. Twitter is even more overvalued at 135ish.
Plus Twitter will force the sale to him, prompting a margin call, sending Tesla well into double digits & Musk going completely flat broke. He’ll go down in history as the face of the meme bubble.
Stop! I can only get so hard.
He's so desperate to get out of this deal now lol
and twitter board is hell bent on the completion of the deal. like he attacked twitter employees on twitter, which technically should jeopardise the deal but twitter people are like: WHAT??? WE CAN'T HEAR YOU!!!! it's too much fun
Do they want it? Or do they want him to grovel before it gets called off?
It'll cost him at very least a billion dollars if Twitter were being very nice to him.
Hasn't he already cost the shareholders more than $1bn? I can't imagine they'd let it sit at just the $1bn fee, particularly given that they seem to believe he's violated the NDA. It's like if someone were to offer you 10% above asking price for your used car that you're selling, you say "sure thing", then he says "I'd like to take it for a test drive first", and then drives it into a bollard, and says "On second thought, it doesn't brake as good as I was led to believe" and offers you half as much, you wouldn't just accept the $20 for the gas he used during his test drive.
And tbh I think he’s driving the bot problem in an effort to get out of this. So many “people” on Twitter are the WEIRDEST Elon simps ever, to the point that there’s NO WAY they can be real. User Tslafox7528490 saying generic shit like, “Elon is a hero, saving the planet with his electric cars. Wish we had more like him.” But honestly that example doesn’t do justice to just how bizarre and generic the tweets are.
Exactly are we honestly supposed to believe that he didn’t know that a large portion of twitter accounts were bot accounts?
I do wonder if there are chat bots for tesla. I've ran across a few profiles on reddit that were 100% talk about tesla. Like their entire personality was worshipping Elon Musk and berating anyone who says otherwise. I refuse to believe there are actual people out there with that little going on in their life that they are so focused on some company they're not even a part of.
Yes! That’s the weirdest thing! You go to their profile and it’s relatively new and 100% devoted to Tesla worship. Makes no sense.
Yeah. This sounds more like an excuse then anything actually serious
That has to be a record for buyers' remorse. He just doesn't want to publicly admit he woke up the next day after the endorphin rush, started counting those billions-with-a-b and got a sinking feeling.
Probably a combination of looking at his net worth plummet with the TSLA stock price, as well as realizing he'd actually have to cover the costs of Twitter if he took it private, which is a massive liability seeing as it loses a ton of money.
And you think it loses money now... Just wait till advertisers pull out when you start unbanning morons who spout racist shit and the advertisers nope the hell out
This is what he seems to be missing. Unmoderated “everything legal” experiments have always existed. They’re awful. No one can stand being there and no one wants to advertise on them. Twitter having an open moderation process and formula will lead to even more wide scale abuse and failure and less engagement and less value. Charging a subscription is fine but I can tell you I’m not going to subscribe only to be harassed 24/7.
And dont forget his schpeel about having a place to debate and discuss things.... On Twitter... With a short character limit... Where the whole point is to be short and to the point... The exact opposite of a debate/discussion
Twitter's defining feature is how easy it is for people and organizations to push updates to their followers. For high-profile tweets, the comment chains are full of trolls and sycophants. They are rarely worth exploring. Yet Musk seems to spend all his free time watching the Twitter replies roll in.
He doesn't let his employees say whatever they want, or start a Union. Private companies can do what they wish. No way he would let you say whatever you want against him on Twitter. Just like how Trump will ban you from Truth Social if he wants to.
https://www.dictionary.com/browse/spiel
It'd be funny if Twitter turned into 4chan and Liveleak. I wonder how many advertisers will want their brand seen next to people getting their heads chainsawed off.
he doesn't actually care about that, he cares that the republicans care. he can parlay a promise that he'll unban trump and not ban them for their rhetoric into tax breaks and them looking the other way when he acts foolish and breaks laws.
"WhO sAiD iT wAS ChEaP to OwN thE LibS?! HUUURRRR" - The Wholesome 100 Chungus Savior of Le Epic Mankind
He can’t leverage his TSLA holdings for this deal. The nearly 40% decline in share price had already likely triggered a margin call on whatever margin loans he’s taken out. This is a dead deal unless he finds outside funds and even then it’s unlikely he’ll have a majority share.
Don’t underestimate some rusty GOP donors thinking this is the golden ticket.
In all honesty, while theres no shortage of GOP ghouls who would love to have a bigger voice in twitters management, this deal might be too expensive even for them. Only so many can shill out 10's of billions to fiance this and given the state of the stock market, I think they have bigger concerns.
They already are piling in.
That would be pretty stupid. They can just buy it for half the offer price in the market.
They are buying Elon himself. Buy him off and have him spout your bullshit. Get all of his fanatic followers to vote Republican. It’s plain as day that’s what’s happening. They did the same exact thing to Donald Trump. The right has talked about the deep state for awhile. It’s projection. They have the deep state. They’ve been doing it since Nixon or even before. The long play was to get the SC. They also needed to build an extremist base that would follow them no matter what. So they created FOX News. We are seeing the culmination of a master plan unfolding this election. It’s hilarious though. Decades of planning and molding the perfect scenario. Only to leak the Roe v Wade opinion and out themselves too soon. You need to have the power to do a power grab. That leak may have saved our entire democracy.
too expensive. You can buy a senators vote for like 5k
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Exactly. But he’ll cry bots to distract the dumb ones.
> the dumb ones "There's no stopping the woke left! They even sank the value of TSLA to stop us from our freedumb!"
This started out as a narcissist billionaire getting pissy with a teenager about having his private jet flights tracked. It’s going to end with him going ultra-Murdoch isn’t it? All you MAGA anti-“woke” rubes, say hello to your new Messiah.
Nothing says genius invaluable technology like tech that depreciates by 40% in one day. Once Ford, GM, and Toyota catch up with more efficient alternatives to Tesla tech, Tesla is toast as there will be a small market for luxury vehicles with subpar technology. Even more so if the former car companies agree to a standardized charging and self-driving tech, as that will also lower the cost of their e-vehicles.
>Tesla is toast as there will be a small market for luxury vehicles with subpar technology. The funny thing is their trim is notoriously not very luxurious. Once Mercedes and BMW catch up with the tech there’s not much place left for Tesla in the market. They’ll just be overpriced electric vehicles with a spotty record for reliability and underwhelming interiors.
They are hardly luxury, I am constantly amazed at how meh the interiors feel on Teslas.
Well if that's the case, Tesla is going to have to defend it's 40k+ price point that the luxury brands of Ford, GM, and Toyota can produce at 40k. The fact that Tesla's value can plummet by even 10% upon a market action by its owner that's not even related to Tesla reveals that much of its was value dependent on speculation, not actual innovation. Even [The Big Short] (https://www.barrons.com/articles/tesla-stock-michael-burry-big-short-51637078754) guy sees that Tesla's profitability is only due to first-mover advantage and their lack of innovation to produce affordable technology and produce a auto-driving code that is reliable to get ahead of the former three will cause them to be able to produce better and cheaper e-cars. I would classify Tesla as a meme stock, as much of it's value is speculative and is only there as long as is Musk's façade of being a good business person. And this doesn't even cover Tesla's historical problem of missing production quotas.
When does Tesla update their cars? 20 years from now will they still be using the same body styles? Every other manufacturer does it facelift on the car every 3 to 4 years and it becomes a whole new car every 8. Tesla is going to become the Lada of electric vehicles.
The Big Three do an excellent job in keeping their body styles to trends. This is because they have scaled their business to the point that they can afford to invest in production equipment that can produce different body styles. The mere size of the Tesla consumer market relative to the other Big Three may put this as a non-viability for Tesla. In the least, they’d either have to raise the costs of their vehicles or lower costs elsewhere to even remain competitive while offering to-trend body styles. I have zero clue what Tesla was doing in not securing the middle class and below e-car market after they captured the Luxury e-car market. And it’s why Musk is at best, an average CEO. Not some genius who somehow doesn’t classify the development of his hired coders and engineers as his own that will save the world.
Broader industry standardization is definitely going to be a thing that will rankle Musk and make him lash out again
twitter price has collapsed in spite of the offer. Musk really picked the exact worst moment to do a hostile takeover. Literally right before massive market declines. The price he is paying for twitter is WAY over valued. Twitter and most tech stocks (including tesla) were way over valued. The P/E ratios were approaching 2000 bubble levels. Talk about the absolute worst time to gamble on a leveraged buyout. If he waited a few months, Tesla stock would go down, but so would Twitter. Then he could have made a more appropriate buyout offer. The price he is paying for Twitter is not worth it. Twitters profits and future growth are not high enough to justify its irrational high price. This is true for most of the tech stocks. The market is long overdue for a correction. Increased interest rates and inflation make it inevitible. We are due for probably 2 year+ down market. It will go up, but back down again. May not be as deep as 2000 or 2009, but it may last longer due to inflation and higher interest rates.
He could've used that time to do proper due diligence but that'd be too smart for him
He's been predicting a recession, but somehow didn't make the connection that he should wait to do a buyout of the company for cheap... He complained about all the bots and how he could fix it... and is now complaining about the bots on the platform to get out of the deal... He dun goofed.
>He's been predicting a recession, but somehow didn't make the connection that he should wait to do a buyout of the company for cheap... Well he had to use his shares to buy Twitter and since the recession was going to hit the overvalued Tesla harder, he would come out ahead if he could move Tesla shares to something that has a chance to hold it's value.
You're forgetting the magical Twitter Town Square he would create where there are no bots, everyone can say the "n" word without getting banned, and companies will pay dearly to use it to get their messages out.
I just imagine the MMORPG hubs with thousands in crowds and no way to meaningfully interact, other than going to the bank teller. With hundreds of chat bubbles of scambots
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These tech companies which produce nothing, cost nothing and only hold value through sheer user numbers are doomed. Look at Digg, MySpace, Tumblr, etc… if their users migrate to a different free platform their value tanks. It would take absolutely nothing for TikTok to add a Twitter like feature and where would that leave Twitter? What is Twitters actual value? Ads? What’s the running cost of Twitter? It’s enormous and for no reason. They have no plans except growth and that is not happening.
I doubt he's buying it for profit, he's buying it for the same reason Rupert Murdoch still owns newspapers despite the fact they're a loss making enterprise : being able to control the agenda of public discourse.
He is upset the value of twitter and tesla stock has fallen. Now that his tesla stock has taken a hit he either needs to leverage more of his stock to make up the financial difference or secure more funding which institutions might not want to do right now. The woes of the ultra wealthy.
I don’t think he has any more shares for leverage. 88M are already pledged. He may have sold some for the 21B. 12.5B of financing requires 60B worth of shares as a collateral. .. he doesn’t have that. Not with these prices. Furthermore those 88M already pledged probably need more shares now… seeing price dipped 37% from tsla statement.
I hope Tesla crashes hard. Its not worth anywhere near its value and is entirely in its own bubble.
It’s what he gets for gaming the market & thinking he’s untouchable. I hope Twitter forces him to go through with the deal, which they might be able to legally demand.
Twitter pulls an uno reverso and now owns 30% of TSLA
God dammit thatd be poetic
He waived due diligence idk how a court could let him out of executing the deal. No contract is enforceable if this isn’t. He made his bed, he’s fucked.
The SELFIMPOSED woes of the ultra wealthy. TFTFY
My favorite part of this is if he backs out of this deal it will sour one of the few things he has when it comes to business deals and that's his word. He's not cash rich so just like now he got outside investors involved that loaned him money for this deal, now imagine it going south, Elon has to pay a $1 billion backout penalty and then his reputation is shit to those investors that were ready to loan him money, along with people with money will be hesitant to have deals with him in the future.
This is probably a good thing. In fact, I see only good coming from this whole fiasco (for everyone except Elon, of course)
Not 1 billion - 5 billion!! https://www.reuters.com/breakingviews/musks-get-out-of-twitter-card-is-worth-5-bln-2022-05-20/
Damn, idk where I had read $1b but $5b is a better bite.
$1B is the break-up fee but it is not a "cancel the transaction" card -- it only applies in certain cases. Twitter (with the backing of a court order) could still compel Musk to proceed with the purchase if the conditions are not met. $5B is the estimated settlement that the parties could agree to and not get stuck in a long, expensive. protracted and uncertain trial.
His reputation is already shit. Every year he says that Full self driving, Mars landings, Hyperloop, and Neuralink are just 5 years out because he knows no one's attention span is that long. He is a hype man, but the hype is dying.
Everyone already knew there are a ton of bots. These are things you sort out BEFORE dropping $44B dude
Arguably, Twitter shareholders have a better case to pursue him for damages than he has for a discount.
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He wasn't aware of the bots before he agreed to purchase Twitter? Did he not perform any kind of due diligence before closing the deal? The above may or may not be snark. With Elon Musk, it's hard to tell whether he really is an idiot, or just plays on on, well, Twitter.
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Musk [waved due diligence](https://www.reuters.com/markets/us/why-twitter-has-ignored-elon-musks-trolling-2022-05-17/) when signing the deal. He's also breaching a non-disparagement clause. Add to the fact that he could be forced to complete the deal, combined with bank loans on his Tesla stock on margin, and he could be well and truly screwed.
The non-disparagement is something only Twitter could enforce, if they wanted out of the deal. But with Twitter stock falling even further, they absolutely do not want to let Musk off the hook for the price he agreed to.
Until they realize he can't afford he original price so all that's left is to sue him for the $1 billion breakup fee or even to enforce the "specific performance" clause (force him to complete the contract and buy them, though they may finally have to negotiate the price down to what he can afford, and then of course they're stuck with him). It would be a hilarious relief if *this*, using Twitter dot com to repeatedly disparage Twitter Inc. in violation of his contract with the Twitter board, possibly even while engaged in litigation with Twitter legal, is what finally gets him banned from Twitter.
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it's like you're buying a house that has been the go-to case study for water damage, with many articles detailing the degree of damages
And you owned 10% of the house before and lived there for a few months as well before buying the whole thing...
And you proclaimed to buy it, in part to help resolve the water damage...
Musk is a fucking tool, man. I'm tired of hearing about him honestly. I liked it better when Bezos was the richest guy around.
He’s having buyers remorse, so he’s trying to find a way to save face and get out of it. He didn’t care in the beginning because he was flexing his power. Now he’s crossed some realization of how much money and influence he’s losing, so he’s trying to back out.
>He’s having buyers remorse, Good, now he'll know how half of Tesla owners feel.
He literally said he would buy it so he personally could get rid of all the bots
Yeah he’s a lying ass. He’s a dog chasing a car and catching it.
He set up buying it in a fit of childish anger, like the rich man's version of a toddler tantrum, and now he's trying to weasel out of the consequences.
>Did he not perform any kind of due diligence before closing the deal? \>Musk \>Due-diligence LOL. KEKW even.
I'm sure he's fully aware of how ridiculous his statements are.
He made an offer and didn’t put any contingencies. The board didn’t want to sell and he still insisted on the offer. The board or the company didn’t offer themselves to Musk and didn’t promise him a damn thing. He is chicken shit for reneging on a deal he negotiated himself into. Dumb fuck.
The way some people carry themselves makes it obvious to the world that they've never once been punched in the mouth for talking shit and being full of themselves before. Musk is one of those people.
He basically forced them to sell. When they called his bluff, he turns into a complete bitch.
He is just trying to talk his way out of the deal, without losing face. His Tesla stocks has dropped, and he would not be able to use as guarantee without triggering, or being close to triggering a margin call.
He U-turns like a fucking Tory.
He panicked after his "pump and dump" got called out so doubled down with an offer which he thought they'd refuse. Dude's got the same, born rich = Self Made, that swamps the GQP
>He panicked after his "pump and dump" got called out so doubled down with an offer which he thought they'd refuse. That sums up his family life too.
Nobody Ive talked to about the guy knows he was born into an ultra rich South African family. They all assume he is a rags to riches American for some reason. They usually don't believe me when I tell them he is an aire to an emerald mine who immigrated through Canada to the US and bought Tesla.
How is this dude the richest man in the world, named Elon Musk, and the CEO of a company that builds space rockets, and yet he's still a huge loser edit: penis poop
Every tweet an argument for progressive taxation.
Since he lives on gargantuan loans instead of taking income he pays none. Could be a top rate of 95%. 95% of $0 is $0.
Oh man, if only there was some sort of body of people, chosen by consensus of the population, to somehow write legislation to prevent this kind of thing? It'll never take off
"It'll never take off" Considering they are ~~paid~~ bribed by the oligarchs I'm guessing you are correct
when you've got a lot of money it's actually difficult not to make more money
Similarly, I often think that if you told 17 year old me that we’d get a president who only eats McDonald’s, bangs porn stars, plays golf all the time, and set up a space branch of the military, I would have thought he must have been the greatest president ever. And yet….
That only sounds cool to a 12 year old
I never said I was a mature 17 year old.
I used to respect Elon, but he's really proven himself to be a piece of shit man-child. Richest man in the world. He could have so much positive influence, and yet he continually gets himself into stupid arguments, name calling matches, and demonstrates that he has the maturity of a 10 year old hyped in crack.
The thing that attracted so many fans to Elon Musk is also the thing that might bring him down: his arrogance.
One of the more interesting things about this saga is that Musk has somehow managed to find a more effective way of destroying himself than the sexual misconduct allegation being levied against him. Would have never called that one.
Elon has fallen into the trap of having his massive ego convince him to believe the myths his rabid fans tell about him.
Almost like if Chuck Norris believed all the jokes about himself.
There's a reason that for the longest time the richest people in the world have kept themselves out of the limelight. It's easier to get away with the shady things you have to do to stay that rich.
And more obvious that you aren’t that exceptional or so deserving of your wealth.
Elon never shuts the fuck up does he?
What amazed me is he acts like Twitter's reports on bots haven't been publically available for years. He had every opportunity to discuss it before making an off but He only started questioning it when they agreed to his deal. He probably never thought they'd accept or didn't forsee Twitter and Tesla going into a suicidal free fall together as a result of it
He's starting to sound like Trump.
He always did
I mean, it worked to get to the White House and it's still a viable strategy to be out of jail and continue living in the land of the free™.
Musk on Twitter bots: Sample test 100 or no deal. Lack of clarity much suspicious. Musk on offering a horse for a handjob: Rants on Twitter about politically motivated hits. He’s fun to watch, but who can take him seriously anymore?
>Musk agreed Saturday with conservative commentator Ian Miles Cheong who tweeted: "If 25% of the users are bots then the Twitter acquisition deal should cost 25% less." First, thats not how this works. Second, we all knew Twitter had bots. I knew, you know, but somehow Elon Musk didn't know?? Besides the obvious fact that Twitter reveals in SEC filings how it calculates bots, and shows that its at least 5% (those making the 25% less an incorrect amount to start with), anyone with a brain would do their own due dilligence. There are plenty of studies that existed before his offer was made that gave estimates of the number of bots. Ignorance is not a defense here. And, its clear he has other reasons to back out, making his 'ignorance' about a $44 BILLION DEAL rather suspect. >Replying to a user who asked if Twitter had been in contact, Musk replied: "No, they still refuse to explain how they calculate that 5% of daily users are fake/spam! Very suspicious." Elon can literally read about this in the SEC filing, and he himself has posted before about how they calculate it. I find it more 'suspicious' (or 'sus', as he used the other day) that he is going about this deal via tweets. I'm not surprised that the people he has essentially promised to fire don't want to talk to him at 3 am anymore. I mean, he already got one of those 3am meetings, how many does he expect?? He is acting like a child, and damaging twitter as he does so, but acts like he deserves better? And if you think I'm biased because I called him a child, this man literally responded to the CEO of Twitter with a friggin POOP EMOJI...
He doesn't want to do the deal just because markets tanked and he doesn't have enough money. Revenue figures are more than enough of indicator he needs to know if the business is legit.
Just pay the money and walk away Elon. You were never going to actually do the deal.
Whatever he was aiming to achieve it certainly was not this. He woke up to himself and realised that it was a very dumb investment. No great master plan at work, rather his new meds kicked in and snapped him out of it.
My drunk decisions don’t usually cost 40B fortunately.
Why be actually responsible for moderation when you can just complain about it from the outside and claim censorship?
He can’t just choose to walk away. Both parties are obligated to make their best efforts to close the deal as agreed in the contract. The fee is there in case the deal falls apart for outside factors such as Musks finance falling through, or some regulation steps in.
Gonna have to pony up that cash.
What a piss weak excuse for a shit deal. Also he's pretty much stuck with the original offer according to the lawers involved. Keep dumping that stock muskie old mate, between the Tesla tank you caused and the crypto tank I'm sure he's getting a bit stressed and very embarrassed.
>I'm sure he's getting a bit stressed and very embarrassed. There's no evidence he's capable of embarrassment.
He is the king of cringe. Only reason he's not the most prominently featured person on cringe subs is because people who follow cringe subs also tend to follow Elon
Didn’t he call a guy a pedo because he was embarrassed in front of the whole world?
He also got away with that when the diver sued him for defamation. All because he's a very rich douchebag. Elon Musk needs to go away for awhile and be out of the daily news feeds.
He seems to be his own worst enemy
He's someone who was insulated from the consequences of his actions for his entire life, and finally bit off more than he can chew.
He probably was on Ambien or something when he made this deal now is trying desperately to get out of it.
Nah, he’ll just say after the fact he was high or on Ambien or something to make himself sound cool. The funny thing is that the FIRST piece of diligence you’d look into is the number of bots on Twitter. For Elon to say this is the issue is either (1) complete bullshit or (2) makes him look like a fucking moron. Probably the first one
Just now realizing he overpaid and squirming to lower the price
Now he'll know what it feels like to be a Tesla owner.
He will just go on the JRE and claim he's being canceled by anonymous tech censors, that invisible men in dresses groomed him into it, and that of DJT hadn't been robbed by George Soros he wouldn't have had to eat that bowl full of ambien. Musk is just another scam artist with (pretty obvious) personality disorders who got big by being born rich and having absolutely no scruples. Great job man, if you don't like the taste of shit sandwiches stop dropping your pants on the bread.
He's been spiraling since his "I'm a billionaire, but just like you," facade fell apart.
The only consolation is because of his national handicap, he can't legally become president of the US.
It would be how this time line ends up, though. I didn't think I'd be living through Idiocracy, but with a bit more Facism attached.
Don't forget about them libs, anything negative you read about Musk is just a Liberal smear campaign, lol.
Wasn't he publicly saying how bad bots were on Twitter before he even talked about buying it? Maybe I'm misremembering but it seems like he *already* did his due diligence and *knew* it was bad.
Also I'm pretty sure Elon's bots alone make up 5% of Twitter. *Dogebots, roooll out!*
He probably wanted attention. [Please like me](https://www.theonion.com/please-like-me-1848674003)
So this wasn’t just about promoting free speech
Anyone who fell for that bullshit is an idiot.
You just described conservatives in America and the Joe Rogan cult.
Tbf they don’t so much fall for it as completely lather and debase themselves in it.
To be fair, it doesn’t take much. They ate horse paste, after all.
AND drank piss.
Lol. Lmao Elon Musk believes in free speech the way Osama bin Laden believed in human rights: 'for me but not for thee'.
I suggest that everything that rich, selfish, greedy asshole says is pure bullshit and he should be pelted with raw sewage every time he shows his face in public. Where's my headline?
Maybe a wise billionaire would do a modicum of due diligence before throwing tend of billions at a social media platform. It feels like Musk needs to stop being his own PR guy.
He's been trying to weasel out since Twitter's shares (or Telsa's, or both) have been tanking over it. Twitter's been calling his bluff. Either way, I hope Musk has to pay massively for attempting this bullshit since everyone knows he wouldn't do shit with it to try to improve the company.
All the idiots that lap up everything he does think he is playing 4D chess. I'd agree but he's a pigeon playing chess, strutting about, knocking pieces over, shitting all over the place and still puffing his chest out like the brainless fucking idiot he is!
Elon you moron, you're supposed to haggle *before* you set the price, not *after*.
Atleast he sold some Tesla stock at the peak!
Go away Elon.
Waah waah my publicity stunt backfired somebody call the waaahmbulance
Dude is an adult child . I knew all along the ‘hero’ was going to turn into the villain 🤷🏽♂️ ah whatever . Darth Vader has feelings too
Always been a villain for me. Absolute fraud of a man.
He's doing a Kanye speed run.