.
LIZ: WELCOME BACK.
TESLA CEO ELON MUSK HIRING A
HIGH-POWERED ATTORNEY AFTER
MUSK WAS SUED BY THE SEC,
ALLEGING MUSK MISLED INVESTS
WHO ARE HE TWEETED HE SECURED
FUNDING TO TAKE TESLA PRIVATE.
HE HASN'T.
TESLA LOST $15 BILLION IN
MARKET VALUE ABOUT, A QUARTER
OF MARKET CAP SINCE THAT
FACEBOOK TWEET THAT ELON MUSK
SENT OUT IN AUGUST.
LET'S BRING IN LTM WEALTH
PORTFOLIO MANAGER AND JONASS
MAX FERRIS.
DOES MUSK STAY OR GO?
>> HE'S FIGHTING IT.
HE'S GOING TO STAY IN SOME
CAPACITY.
IT MIGHT NOT BE OFFICIALLY AN
OFFICER OR DIRECTOROR EXECUTIVE
OF HIS OWN COMPANY.
I DON'T KNOW WHAT TO SAY.
THIS IS THE MOST AMAZING STORY
IN BUSINESS ALL WE'RE.
IF NOT THE DECADE.
BECAUSE IT CAPTURES SO MUCH
CRAZINESS IN THE WORLD OF
TECHNOLOGY.
AND THE GENIUSES RUNNING
COMPANIES AND LIVE IN THE
WORLD, LIKE CELEBRITIES WHERE
THEY HAVE 20 MILLION TWITTER
FOLLOWERS.
EXECUTIVES WHO USED TO RUN
GENERAL MOTORS DIDN'T HAVE FANS
LIKE THIS.
LIZ: YOU WOULDN'T SEE LEE
IACOCCA TWEETING OUT.
>> NO.
IT GOES THEIR HEADS AND
CORRUPTS THEM.
ULTIMATELY THEY WERE GENIUS
NERDS AND THEY HAVE FANS AND
WANT TO BE COOL, AND THEY'RE
MAKING WEED JOKES AND HANGING
OUT WITH CELEBRITY RAPPER
GIRLS, AND THEY GET INTO
TROUBLE.
LIZ: YEAH, THE SEC WENT AFTER,
MICHAEL LEE, FOR SAYING THE
$420 A SHARE, OFFER FOR TESLA
WAS DUE TO THE MARIJUANA
AFFILIATION WITH 420.
WHAT'S YOUR TAKE IN ALL OF
THIS?
>> ELON AT BATTLE AND AT WAR
WITH THE SHORT SELLERS FOR SIX
OR SEVEN YEARS RIGHT NOW AND
DON'T THINK THE STOCK IS GOING
TO GO FROM 300 TO 200 OR 250 TO
150.
THEY WANT TO SEE THE STOCK GO
ZERO.
HE COMES OUT WITH PROMISES AND
SQUEEZES IT HIGHER AND HIGHER
AND HIGHER, ALL THE FUNDING
WHETHER SECURED OR NOT SECURED,
ALL THE DEBT, ALL THE MONEY
THEY HAVE OUT TO THE VENDORS IS
BASED ON ELON AND THE TALKS
THAT WE NEED TO SOMEHOW REDO
THE BOARD OR THEY NEED TO REIN
HIM IN, ALL THEY'RE GOING TO DO
IS SIGN THEIR OWN DEATH
WARRANT.
LIZ: THAT'S A GREAT POINT,
SORRY TO INTERRUPT, WE'RE
RUNNING OUT OF TIME.
ELON MUSK IS WHY THE TESLA GETS
TO RAISE SO MUCH BOND FINANCING
AND DEBT FINANCING.
WE HAD HOWARD SCHULTZ STEP DOWN
AS EXECUTIVE CHAIRMAN AND
BECOME CHAIRMAN EMERITUS.
DO WE SEE ELON MUSK BECOME
CHAIRMAN EMERIT US.
>> AND GETS FINANCING FOR FANS,
THEY PREPAY FOR CARS AND HE CAN
USE THE MONEY AS CASH.
IN THEORY HE OWES THEM THE CAR.
BEING THE CELEBRITY EXECUTIVE
WHERE YOU HAVE A FAN BASE
ESSENTIALLY, HELPS JUST LIKE IT
HELPS THE "STAR WARS" MOVIE.
IT WORKS TO THEIR ADVANTAGE
BEING A TWITTER CELEBRITY, BUT
THIS IS WHEN HE CATCHES UP WITH
THE OLD WORLD.
WHAT CATCHES ME OFFGUARD, THE
SEC IS TREATING HIM WITH THE
SAME LEVEL OF HEAT AS THE
FRAUDSTER RUNNING THE FAKE
BLOOD DRIP COMPANY WHICH IS
BASICALLY A SCAM.
TESLA IS NOT A SCAM.
LIZ: YOU ARE TALKING ABOUT
THERANOS.
>> OBVIOUSLY THERE ARE ISSUES
WITH THE VIABILITY OF THIS
COMPANY, THAT DOESN'T MEAN IT'S
A CROOKED COMPANY.
THIS IS A LEGITIMATE PRODUCT.
LIZ: TO JONAS'S POINT, THE DEBT
SWAMPS SHAREHOLDER VALUE.
FINAL POINT, YOU GOT 10
SECONDS.
>> THE BOOKS EXIST BECAUSE OF
ELON'S PERSONALITY.
EITHER HE'S THE GREATEST MIND
OF THE GENERATION OR THE
