Oh my my my.! Folks - Elon Musk has been toying with the SEC and manipulating stock prices for many years, and having vast resources makes this so very simple. Let’s look at the scenario;

Elon buys up a 9-10% stake in the company when its stock is at a 52 week low in the mid $30’s - say $36. He then tenders an offer to buy the entire company at $54.20 sending the stock price immediately up to $46-48 range where it will hover as the ‘price’ has been set by someone. If they reject his offer Elon wins and wins big when he sells his entire stake at $48. ($12/$36) this represents a 33% gain making him billions and then the stock comes back down near the $36 range. Retail investors are pissed off because they could have made a lot of money so the sell off ensues further driving the price down perhaps to the $25-$30 range.

I wonder if Musk will use his new proceeds to tender another offer at this point for maybe $40.?