Everything Changed on December 17 2018
Originally Posted on Sutori.com
The news that broke on this day launched Elon Musk into a frenzy as he rushed to cover up financial improprieties tying his empire of companies to his personal holdings.
The events may have serious implications for regulators and may lead to laws governing settlements made between the Securities and Exchange Commission and those who violate federal securities laws.
The news that broke on this day launched Elon Musk into a frenzy as he rushed to cover up financial improprieties tying his empire of companies to his personal holdings.
The events may have serious implications for regulators and may lead to laws governing settlements made between the Securities and Exchange Commission and those who violate federal securities laws.
EVent Horizon Liquidity Crisis Summary
More data points surrounding Elon Musk's personal liquidity crisis occurring from mid-late 2018 are coming in. We will work to summarize them here.
The Dec.17-21 timeframe stands alone as a very major event involving all companies and personal holdings. There are more points we are analyzing now that further support the desperate hunt for liquidity.
December 18, 2018 Morgan Stanley Private Bank Loans ($61mm)
January 16, 2019 (est) $50-55mm
Sale of N158X, Falcon 8X Jet
N158X, LLC DUNS 10792329
216 Park Road
Burlingame, Ca 94010
The Dec.17-21 timeframe stands alone as a very major event involving all companies and personal holdings. There are more points we are analyzing now that further support the desperate hunt for liquidity.
December 18, 2018 Morgan Stanley Private Bank Loans ($61mm)
- APN 4369028001 - $19.5mm - Callisto 100 LLC
- APN 4369006013 - $14.95mm - Camellia Ranch LLC
- APN 4369021009 - $6.83mm - Callisto 100 LLC
- APN 4369029003 - $2.83mm - Duck Duck Goose 100 LLC
- APN 038200020 - $17.23mm - Gatsby LLC
January 16, 2019 (est) $50-55mm
Sale of N158X, Falcon 8X Jet
N158X, LLC DUNS 10792329
216 Park Road
Burlingame, Ca 94010
December 17 2018
On December 17 2018, Elon Musk was preparing for the "product launch" of his Boring Company tunnel in Hawthorne, CA on the next day. A medieval tower was being constructed in the SpaceX parking lot in celebration of the event. Reporters with access to the invitation-only event were in route to take rides in the Tunnel and report on the events.
In the background, however, the article that would change everything was being written.
In the background, however, the article that would change everything was being written.
Elon Musk had been quite busy in the 10 hours and 20 minutes between those 2 events. If there were truly "no concerns" and if SpaceX had been satisfied with the compensation, the story would be complete.
It was not.
It was not.
December 18 2018
The next day saw an amazing series of events affecting nearly everything in the Musk empire:
- SpaceX
- Tesla
- Boring Company
- Musk's Personal Loans
- 6:10 am EST (3:10 am PT) - IBs Simultaneously Post Tesla Notes
- 9:14 am EST (6:14 am PT) - WSJ posts article on new SpaceX raise
- 9:39 am EST (6:39 am PT) - SpaceX scrubs launch "Out of Family Reading"
- 11:00 pm EST (8:00 pm PT) - Boring Company "Product Launch"
- During the day: LA county filing shows Musk mortgages 5 properties to Morgan Stanley ($61mm)
December 19 2018
December 21 2019
January 11 2019
January 18 2019
January 30 2019
February 12 2019
Fast forward to present day:
Tesla is a heavily followed and tracked company whose CEO was sued by the SEC seeking a permanent ban from public markets in 2018. Following the settlement with the SEC the next day, major discrepancies in official filings and Elon Musk statement exist between verifiable public data.
Tesla is a heavily followed and tracked company whose CEO was sued by the SEC seeking a permanent ban from public markets in 2018. Following the settlement with the SEC the next day, major discrepancies in official filings and Elon Musk statement exist between verifiable public data.
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