Really nothing new — almost all of John’s hot takes have been, for almost fifteen years running now… deeply ill-informed.
Here, he cheers Musk as his (and Tangerine’s) savior — for hateration (hate speech), misogyny and lies — on Twitter.
What Hinderaker doesn’t realize is… this is all part of Musk’s grand green plan. A plan to profit wildly, by going to electrification. [In this case, Musk will push local governments in sunny and/or windy counties at least, to adopt laws requiring a 2032 or earlier complete switch-over to home heating by electric only. And he will be the dominant seller of solar solutions, off grid — along with the dominant battery supplier in both the single-family home, and small to large business arenas.]
That is why he needs a bully-pulpit.
In sum, to prove Hinderaker’s falsely sanguine climate claims are as… stupid as Hinderaker is. John missed the Musk/Dorsey memo — on building mega solar and wind energy off-grid mines, in West Texas — as a proof of the economics, here.
John is going to be cursing the day he praised Musk, and very shortly so.
Hilarious. But now, let us enlighten Hinderaker — with our reporting from another property — let us… educate him:
Welp. Elon’s amended Schedule 13D is on file now, at the SEC. As I said last night, between his sh!t-posting on Twitter itself over the weekend, and the complications he made for himself, in not promptly disclosing his creeping street sweep of about nine per cent, at the SEC. . . Twitter is lucky to have this as the (even temporary) outcome.
Sure — he may spend another ~$3 billion to get north of 15 per cent of Twitter — but I don’t think that is his aim. So, so far — he’s bought a ~$3.5 billion NFT called “The Twitter Chucklehead Prize“. Someone didn’t advise him well, or more likely, he didn’t seek advice — as normally, one would want at least four seats on the board, for that kind of a down-stroke.
The guy is, in many ways… an “emotional intelligence level” infant (like Martin Shkreli is). I would expect Twitter will be fine — and Elon will not seek out a group, to go hostile for Twitter. He will make noise, but who cares, really? The whole thing mostly demonstrates he’s been… outplayed. Here’s his amended disclosure of a few moments ago, in full:
…Pursuant to the April 4, 2022 letter Agreement, the Reporting Person was invited to serve on the board of directors (the “Board”) of the Issuer. On April 9, 2022, the Reporting Person informed the Issuer that he is not joining the Board.
The Reporting Person [Elon Musk] holds the Common Stock of the Issuer for investment purposes. Depending on the factors discussed herein, the Reporting Person may, from time to time, acquire additional shares of Common Stock and/or retain and/or sell all or a portion of the shares of Common Stock held by the Reporting Person in the open market or in privately negotiated transactions, and/or may distribute the Common Stock held by the Reporting Person to other entities. Any actions the Reporting Person might undertake will be dependent upon the Reporting Person’s evaluation of numerous factors, including, among other things, the price levels of the Common Stock, general market and economic conditions, ongoing evaluation of the Issuer’s business, financial condition, operations and prospects, the relative attractiveness of alternative business and investment opportunities, investor’s need for liquidity, and other future developments.
From time to time, the Reporting Person may engage in discussions with the Board and/or members of the Issuer’s management team concerning, including, without limitation, potential business combinations and strategic alternatives, the business, operations, capital structure, governance, management, strategy of the Issuer and other matters concerning the Issuer. The Reporting Person may express his views to the Board and/or members of the Issuer’s management team and/or the public through social media or other channels with respect to the Issuer’s business, products and service offerings….
Except as set forth above, the Reporting Person has no present plans or intentions which would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D [seeking a change of control]. However, the Reporting Person reserves the right to change his plans at any time, as he deems appropriate, and in light of his ongoing evaluation of numerous factors, including, among other things, the price levels of the Common Stock, general market and economic conditions, ongoing evaluation of the Issuer’s business, financial condition, operations and prospects, the relative attractiveness of alternative business and investment opportunities, Reporting Person’s need for liquidity, and other future developments….
Vanguard will be the adult in the room, now over 10 per cent — and a steady state investor. There will now be others, to insulate Twitter from these “Musk-ian” gyrations. That’s my take on it. Smiling into a new week, here… eldest baby girl off to England, then Morocco and Portugal — come Wednesday, for a few months. We will miss her… smile.
नमस्ते
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