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, 18 tweets, 7 min read
1/ A thread on the stunning deposition by Kimbal Musk in the SolarCity lawsuit. Find it here thanks to @PlainSite:

plainsite.org/dockets/32atfy…

It is document 328, attachment 2, starting on page 336 (exhibit 10). You really should read it for yourself. It is amazing. $TLSAQ
2/ A friendly reminder. At the time $TSLA is considering acquiring SolarCity, Kimbal is:

*A very large shareholder of SolarCity
*On the board of Tesla
*On the board of SpaceX
*CEO of The Kitchen

He is also Elon's brother and cousin to Lyndon Rive, the CEO of SolarCity. $TSLAQ
3/ The attorney, who does a brilliant job, begins by asking Kimbal about why he didn't recuse himself from the SolarCity deliberations. He also mentions the $TSLA code of conduct. Kimbal doesn't know much about the code, but quickly denies he has a conflict of interest. $TSLAQ
4/ Using Kimbal's logic, it is impossible to have a conflict of interest as long as you are 'representing the interests of Tesla shareholders'. $TSLAQ
5/ Apparently, owning several million dollars worth of stock in a company you are considering acquiring is not a conflict of interest in Kimbal's mind. $TSLAQ
6/ On October 20th, 2015, SolarCity stock is starting to fall, and Kimbal is facing a potential margin call. He is asking Elon for a loan or considering selling SpaceX stock. He knows he is going to sell some $TSLA stock in November via his predetermined 10b5-1 plan. $TSLAQ
7/ The SolarCity stock decline comes at a bad time for Kimbal. He is in the middle of a raise for his true passion, The Kitchen. Turns out, many members of the SolarCity and $TSLA boards are also investors in The Kitchen. No conflict there, right? $TSLAQ
8/ We are still on October 20, 2015. The CEO of SolarCity regretfully informs Kimbal that he can't participate in this funding round of The Kitchen. Why? He has his own margin loans to worry about, of course! "SolarCity is seeing its ass" - didn't see that in any filings. $TSLAQ
9/ Apparently, Kimbal doesn't know the definition of a margin call. Just because you can meet that call doesn't mean it didn't happen. Surreal. Oh, and he uses his $TSLA line to cover his SolarCity line often. He is keenly interested in the price of both stocks. $TSLAQ
10/ Having just testified that he doubted ever receiving a margin call, we find out that on October 29, 2015, Kimbal gets a margin call from Morgan Stanley. His loan collateralized by pledged $TSLA stock comes to the rescue again. $TSLAQ
11/ Apparently Elon isn't happy about being hit up for a loan by his brother. I can understand that. Pesky family members and all. Interesting that Elon had no cash all the way back in the fall of 2015. Kimbal better sell some SpaceX, I guess.
12/ But Kimbal doesn't want to sell his SpaceX stock. Why? Because stocks always go up and to the right. Maybe a pledged loan of his SpaceX shares? Elon only got a loan-to-value of 5% at Goldman for his SpaceX stock. I believe this is the first confirmation of that fact. $TSLAQ
13/ On February 8, 2016, the SolarCity stock price is still cratering, and the margins calls are piling up. Time to sell some SpaceX at $110 a share. Is Elon getting margin calls too? Unclear. $TSLAQ
14/ Things get way worse on February 9, 2016. SolarCity dives to $18 a share. Kimbal is in deep now. Reduces his asking price on SpaceX shares to $95. Deep margin calls coming. What do Elon's loans look like? $TSLAQ
15/ Later on February 9th, Kimbal emails his frustrations to the CFO of The Kitchen. The $TSLA and SolarCity stock prices are stressing him out. $TSLAQ
16/ In the mother of all coincidences, the VERY NEXT DAY, Elon takes to twitter, surprises his team, and pulls forward the Model 3. The $TSLA stock price roars, margins loan pressure undoubtedly eases, and all is good for now. $TSLAQ
17/ Fast forward two weeks later. Elon calls a special meeting of the $TSLA board on February 29, 2016, to press for the SolarCity acquisition. Does Kimbal recuse himself? No. Get this. THE BOARD DOESN'T EVEN DISCUSS HIS OBVIOUS CONFLICTS!!!!!!! $TSLAQ
18/ And this is where my thread ends, for my own mental health. The only thing surprising about this giant self-dealing Ponzi scheme is just how egregious it all is. It is right there for everybody to see. But let's talk about Plant a Seed Day instead. What a joke. $TSLAQ
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TeslaCharts
@TESLAcharts
1/ The purpose of this thread is to document the social media/intimidation tactics used by Elon and his associates. There will be no shortage of historians who will examine the record after the collapse. This is for them. $TSLAQ
2/ BOTS – There are thousands of fake $TSLA bull accounts that have come and gone since I joined twitter. They usually come in waves during periods of high stress for the company. Who pays for these bots? What is their purpose? I think we know the answers.
3/ INVESTIGATORS – $TSLA and/or Elon Musk himself hire investigators to dig up dirt on anybody who dares to critique the man or his mission. I am aware of many such examples. Unsworth is not the only victim of these dirty tricks. All will come out.
Read 9 tweets
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TeslaCharts
@TESLAcharts
1/ Time for the official TC Overly Simple Earnings Prediction Model That Works Until it Doesn't™️ thread.

Disclosure: I live in Elon's head, so he is likely to mess with the financials just to make me look foolish. I'm sneaking this in while he is off twitter.

$TSLAQ
2/ We begin with the simple observation that net income minus automotive gross margin has held remarkably steady at -$1.4B since the Model 3 reached scale. This is the hole Elon needs to climb out of with auto gross margin dollars just to break even. Let's plug in -$1.4B. $TSLAQ
3/ Next I estimate a purposely over-simplified number: Auto gross margin dollars per announced unit delivery. I do this by comparing the puts and takes (see what I did there Omar?) from last quarter. I settled on $10.1K per delivery. I'll explain my assumptions in the next tweet.
Read 5 tweets
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TeslaCharts
@TESLAcharts
1/ It occurred to me that someday my children will learn that I am TeslaCharts. I compose this thread in part as an open letter to them. I've always taught them to embrace and learn from their errors. Here are my biggest mistakes and why I made them.
2/ I tweeted that $TSLA would never produce more than 5,000 cars per week in Fremont because I believed they were limited by paint shop emissions and permits. I never imagined Elon would simply put less paint on every car. This was a mistake.
3/ I always assumed $TSLA would collapse under the weight of service issues once the Model 3 reached scale. I never imagined Elon would simply refuse to honor warranties and make it very hard to schedule service. This was a mistake.
Read 9 tweets

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Dear parents , when you send your kids ABROAD to study , please check up on them and find out EXACTLY what they are doing , who they are relating with , demand to see transcripts , fee receipts e.t.c and be in constant contact with the institution / teachers . Here is why #Thread
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The Columbia Bugle 🇺🇸
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#Thread @PatrickBuchanan on @IngrahamAngle's show discussing the Fate of America:

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Norédine Benazdia
@Benazdia
Vous avez l'impression que le monde va mal ? Que c'est de pire en pire ? Pourtant, vous vous trompez lourdement. 🤔 Le monde va MIEUX ! 2018 était la MEILLEURE année de l'histoire de l'humanité. Et je vais vous le prouver. Un thread à dérouler⤵️
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