by Tom Luongo at Gold Goats ‘N Guns
I’ve given Elon Musk a lot of grief in the past over how he’s run Tesla Motors. Suffice it to say I’m not a fan. Deep down I’m supremely distrustful of Musk because he is, at best, a mercurial figure who is difficult to read.
He’s become the richest dude in the world partnering with governments to build some of the biggest hype machines in history. So, his offer to buy all of Twitter and take it private can cynically be seen as just another moment of ego from the 21st century’s best reincarnation of P.T. Barnum.
That said, however, strange things happen, when you acquire the kind of Fuck You Money that Musk has.
And it seems to me if you connect some dots that Musk has been planning this move for a while. Last year he came out in favor of Bitcoin. Then he took a memecoin, DOGE, and turned it into the crypto ‘flavor of the month.’
Musk’s ego is something to remain skeptical of, but it’s also hard not to respect a guy who is completely free at this point, or least free enough that he has zero fucks left to give to the regime that made him what he is.
So, when he cashed out a massive amount of money from Tesla at the peak recently it looked to me that he was getting ready to go from Elon Musk Reality TV star to the Real Elon Musk.
Most people, especially clueless bitches like Elizabeth Warren, don’t understand that most rich people are asset rich, but cash poor. Jeff Bezos may have billions of Amazon stock, but he really can’t sell a lot of it without giving a vote of no-confidence to the company itself.
It runs counter to his fiduciary interest as a board member. This isn’t to say Bezos doesn’t have money. He does, but he also doesn’t have nearly the amount of money you think he has.
So, Musk, freed from Tesla’s financial, shall we say creativity, now has real Fuck You Money. Not stock. Not assets. Cash.
And that cash he’s putting on the line today to force the moment of Twitter’s malfeasance as a public entity to its crisis point.
He has succeeded brilliantly…
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