, 25 tweets, 17 min read Read on Twitter
"This is an Emergency" <thread>

Friday's news of widespread @SpaceX layoffs changes everything

The real story is larger & more about @elonmusk specifically, his recent actions, & the acute/immediate threat he poses to Tesla

I labor to fill in media coverage gaps

<1/ $TSLA
Up front - These are my views only, not advice:
- Situation is critical
- $TSLA/SpaceX now forced to deal with @elonmusk
- Timeline image use is intentionally repetitive
- Claims not verifiable by required filings or basic knowledge of physics are labeled *Fraudulent

SpaceX Layoffs:

COO Gwynne Shotwell (whom I have the upmost respect for) has released communication on the layoffs.

CEO Elon Musk - has not.

Per SpaceX: "This action is taken only due to the extraordinarily difficult challenges ahead"


The SpaceX story can not be covered without consideration of the recent timeline.

The timeline raises questions about whether @elonmusk can even be allowed to stay as CEO of @SpaceX or $TSLA.

The critical period began with marked acceleration on Dec.17 2018

Dec. 17 2018
- 1 day before @elonmusk is set to "launch" a rushed Boring tunnel & SpaceX is slated to launch GPS III SV01

A must read @WSJ article by @realrobcopeland: Insiders were unaware of Musk using SpaceX resources for the Boring tunnel


Dec. 18 2018
Within ~15 hours, @WSJ's @realrobcopeland is back along with @RolfeWinkler & Andy Pasztor with a new article:

After multiple un-filled raises, #SpaceX now has a fresh $500mm at an increased valuation.


We now know of SpaceX clear financial strain & raise was partially filled; therefore news was response to the article on resource theft.

But more happened Dec. 18 2018:
IBs holding @elonmusk's pledged shares (est. ~41% of his shares pledged) simultaneously reiterate on $TSLA

There is more from the morning of Dec. 18 2018 that I have included upon request from contacts in the industry:

A scrub of the GPS III SV01 launch


Let's revisit the timeline as one heck of a story is unfolding hrs after the Dec.17 article & ahead of the Boring "product launch" later on Dec.18

By Dec.18 am, we have:
-IB notes
-"Funding Secured"

Exactly how tight are things for Musk?

/9 $TSLA
The raise timeline/details are absolutely paramount & suggest this was an abrupt response to an inside threat

Therefore, we must follow the money

Below: Public information on investment/fine expenses by @elonmusk in 2018

$286mm Minimum *Excl. Dec SpaceX Raise*

/10 $TSLA
Having established Musk's 2018 outlay alone is high we must look to $TSLA risk disclosures:

"Elon Musk .. pledged .. bank borrowings. .. margin call .."

Data available indicates Musk's $TSLA position is highly leveraged with >40% of tomorrow's shares traded for cash today

Back to timeline: It is mid-day Dec.18 2018

-An urgent need for SpaceX liquidity has just been generated
-IBs holding Musk's $TSLA shares have posted notes
-2018 has been expensive for Elon Musk
-His companies are very strained
-He is under multiple criminal investigations

Let's momentarily skip the Tunnel "launch" & stay with the money

Noting conditions listed above:
-Heavy $TSLA selling occurred on Dec.18-19 with large $TSLA blocks on Dec.19

- $TSLA/SpaceX BoD member Antonio Gracias sells shares 12-20
-$273/$500mm #SpaceX raise on 12-21

Revisiting Musk's 2018 outlay:

-Raise urgency generated in response to news of resource misuse
-His reported contribution to Apr.18 raise was $100mm
-How much for Dec. raise?
-Did Musk find liquidity in $TSLA trading after a failed attempt to pledge more shares?

$TSLA trading activity in proximity to the SpaceX raise is being analyzed further

-After questioning the behavior, one twitter user received a Permanent Suspension w/o notice or explanation

-Twitter hid the 'violation' under a user who never reported the account

Back to Dec.18: Safety

Due to financial strain, the Boring "launch" was rushed. The concept is ill-conceived, easily dis-proven, dangerous.

This video is appalling. @gayleking is rightly terrified as @elonmusk puts her safety at risk for show.


The rushing continues as @elonmusk hastily welds "starship" in an effort to outrun the insider threat & get a shrine ahead of layoff announcements

Left: F9 hopper designed by @SpaceX
Right: Elon's "hopper"

This is dangerous. SpaceX is under safety review.

/17 @JimBridenstine
This is not the extent of @elonmusk's 2018 reckless behavior while under financial strain.

@SEC_Enforcement sued to permanently ban Musk from public markets a mere 51 days after faking the largest buyout in history in an extremely damning action for both Musk & $TSLA

This also is not the extent to which @elonmusk has put people in danger while under financial strain.

This type of rushing gets people killed. Musk / $TSLA rushed to blame Walter Huang for his own death while misleading the public about the data.


Zooming out in the timeline, there is so much more that will be covered re: $TSLA, Musk, it's current state, and the events of 2018.

- Tesla's claimed "deliveries" cannot be verified
- Estimates from respected researchers are much lower
- China factory is theater

It took only 25 days from news of Musk using #SpaceX funds for the Boring tunnel to a large layoff round.

The media is filing the story under intent to become "lean". They are missing the real story. This may have major implications for $TSLA. Perhaps you can help them.

I tried to end the thread, however a critical observation must be made about the timeline

This headline hit the @business tape after the close on Dec.6:

"Tesla Reportedly Offers to Repay Debt in Half Cash, Half Stock"

Mar.$930mm convert-$359 strike


Note this on $TSLA's first close above $360 since "$420 Funding secured"

Everything you see:
- Production "claims"
- Delivery "claims"
- Foreign factory "claim"

Are coordinated efforts to push $TSLA above $360

NONE of these claims can be verified

/23 @FBI @SEC_Enforcement
The recent timelines surrounding #SpaceX and $TSLA are completely intertwined.

Nearly every action @elonmusk has taken serves to validate @SEC_Enforcement's original claim:

That @elonmusk serves no purpose anywhere near a director or officer position in a public company.

Adding b/c @CNBC is proving a point by tweeting a 571 day old @elonmusk article

#ElonMusk is under criminal invest. for Mod3 prod. claims. This is why Q3/Q4 #s can't be verified.

The 351 days btw 7.2.17 guidance & *needing* a tent is enough to put Musk in prison.

/25 $TSLA
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