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UGLY *Proof* Media Lies about Elon Musk - Bloomberg Exposed

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FULL TRANSCRIPT

0:00

hey everyone kevin here in this video

0:01

i'd like to provide what i believe is

0:03

proof that awoke media is trying to burn

0:07

incredible innovators like elon musk to

0:10

the ground

0:11

now i'm going to give you a very quick

0:13

catch up on a video that i made this

0:15

morning which i encourage you to still

0:16

watch but i'm going to give you a very

0:18

quick catch up this morning

0:20

there were rumors that elon musk was

0:22

finished selling his shares after i did

0:25

the math and i listened to the exact

0:28

comment that elon musk made about

0:30

selling his shares i disputed this i

0:32

disputed this on twitter and i disputed

0:34

this on a youtube video this morning

0:36

called no elon musk is not finished

0:38

selling his shares here's when he might

0:40

be finished actually selling i received

0:43

a lot of flack for this i received a lot

0:45

of flack because woke and you'll see why

0:48

i say woke media like bloomberg

0:51

ran a story like this

0:52

must 10 stake sale removes overhang

0:55

fueling tesla rally now fortunately i

0:58

ended up being vindicated i was right

1:00

and bloomberg was wrong but that didn't

1:02

lead to a lot of frustration from a lot

1:04

of folks who were wondering why i was

1:06

saying something that was different from

1:07

the mainstream media but the point of

1:09

this video is not to suggest that oh

1:11

kevin was right let's pat myself on the

1:13

back the point of this video is to show

1:14

you

1:15

what bloomberg did when they realized

1:18

they were

1:19

wrong

1:20

and it's gross

1:21

and then i'm going to show you a bonus

1:24

from the wall street journal which is

1:25

also ridiculous but let's watch or take

1:28

a look at this okay so here's the

1:30

article

1:31

from 6 40 a.m this morning pacific time

1:34

musk's 10 stake sale removes overhang

1:37

fueling tesla rally okay fine we see

1:40

these sorts of articles all the time hey

1:42

why is a stock up as much as 8.2 percent

1:44

oh because elon said he sold enough

1:47

shares to make his total

1:49

sales worth about 10

1:51

removing a key overhang on the shares so

1:53

here's some very quick reporting from a

1:57

couple folks over at bloomberg just

1:58

throwing together and reiterating the

2:00

twitter uh you know poll that elon ran

2:03

saying why uh he was going to sell uh

2:05

ten percent of uh

2:07

his ownership in tesla okay fine so

2:10

bloomberg makes the claim that elon musk

2:12

has

2:13

sold enough stock and that he's done

2:15

removing this key overhang right but

2:17

that's not what elon musk said and elon

2:20

musk later clarified that this is wrong

2:23

this is misinformation before i show you

2:26

how bloomberg responded which is what i

2:29

think is completely disgusting how they

2:31

ended up responding and i think you'll

2:34

agree with me

2:35

i think you should have the context or

2:37

reminder of the context as to why i

2:41

believe that elon musk was not finished

2:42

selling his shares

2:44

it comes to this interview and what elon

2:46

actually said i'm going to play 10

2:48

seconds of this but it's also worth

2:50

noting and i'm going to spare you the

2:51

math

2:52

at this point elon musk were at the

2:54

point of this interview elon musk had

2:56

sold about 12.9 million shares of tesla

2:59

he promised to sell about 17 million

3:02

that obviously leaves a void in how much

3:04

he still has left to sell now there's

3:06

been an update since then there's been

3:07

another sale since then i'll talk about

3:09

that and give you updated numbers

3:10

towards the end of this video but i just

3:11

want you to listen to this and then i

3:13

want you to see what bloomberg

3:15

said when they realized they were wrong

3:17

because you'd expect some kind of like

3:18

apology right like oh crap you know we

3:20

we published this that ended up getting

3:22

syndicated out to yahoo news and all

3:24

these other platforms saying elon was

3:25

done but he wasn't done

3:27

i want you to see the cya crap

3:30

bloomberg's trying to pull but listen to

3:31

the quote here from elon musk this is

3:33

the line here we go

3:34

um

3:36

so i sold enough stock to get to around

3:39

10 plus the option exercise stuff

3:41

and

3:42

boom

3:44

so i sold enough stock to get to the 10

3:46

plus the option exercise

3:50

stuff that is a key phrase plus the

3:53

option exercise stuff those five words

3:57

combined with the fact that we know elon

3:59

musk has not sold his 17 million shares

4:01

were enough for me to make the video

4:03

that i made this morning saying no no no

4:04

elon's not done he just told us plus the

4:07

option exercise stuff we know that when

4:09

elon exercises options he has a 10b 5-1

4:13

plan that is automated it automatically

4:15

sells 934 091 shares of tesla stock

4:19

exercise options automatic sale it's

4:22

like a given day it's like a happens b

4:24

happens it's automatic those five words

4:27

plus the option exercise stuff are

4:30

critical

4:31

okay so now we know that bloomberg was

4:34

wrong

4:35

a bloomberg was wrong

4:38

b

4:39

we expect an apology from bloomberg for

4:42

being wrong

4:44

and this is what we got and i want i

4:45

wanna know what you think about this all

4:47

right watch this this is what we got

4:49

elon musk clarifies he's almost done

4:52

selling his stock

4:54

elon musk said on twitter that he's

4:55

quote almost done trimming his stake in

4:57

tesla after hours after telling a

5:00

satirical website that he had already

5:02

reached his target of reducing his stake

5:05

in the electric automaker by 10

5:07

so wait a minute wait a minute this is

5:09

bloomberg right here look at this they

5:11

are doubling down

5:12

saying

5:13

elon went on twitter saying he's almost

5:15

done

5:16

after telling a satirical website that

5:18

he had already reached his target that's

5:20

not what he said he said plus the option

5:24

stuff those key five words right but it

5:27

gets worse folks listen to this verbiage

5:29

right here i'm gonna hide myself so you

5:30

can see it in full here

5:32

i sold stock that should roughly make my

5:35

total share sale roughly 10 percent

5:38

wait a minute wait a minute there's

5:40

something missing what's missing right

5:41

there

5:42

plus the option stuff the key five words

5:46

plus the extra option stuff

5:48

they didn't include that in fact they

5:50

just hard cut off the tweet or the quote

5:53

in fact after they hard cut off the

5:55

quote look what they do look how scummy

5:57

this is

5:58

the world's richest person told the

6:00

babylon bee in an interview that also

6:02

addresses his wealth taxes and

6:04

priorities later on social media he

6:07

clarified that more sales are coming

6:08

under a pre-programmed plan so in other

6:11

words this article is saying hey this

6:13

morning

6:14

we said that elon was done selling his

6:16

shares because elon said he was done

6:18

selling his shares so this article if

6:20

anybody only read bloomberg they would

6:22

have heard okay elon musk said uh that

6:26

he's done

6:27

and then a few hours later

6:30

elon musk the world's richest man says

6:33

jk

6:34

not done

6:36

that is what bloomberg is telling you so

6:39

the mainstream media is telling you elon

6:41

is a flip fopler but not only is a

6:43

flip-flopper he's the world's richest

6:46

flip-flopper

6:47

who has also been criticized for his

6:49

wealth and his taxes and his priorities

6:52

i don't think i'm wrong on this i mean

6:53

look at this

6:55

they completely cut off his quote let's

6:57

play it again and i want you to tell me

6:59

again or let me know in the comments am

7:01

i wrong am i going to extreme here or is

7:03

it fair for them to have cut that quote

7:05

those key five words let's listen again

7:07

on balance they said yes and so i wait

7:09

for it um

7:11

so i sold enough stock to get to around

7:14

10 percent plus the option exercise

7:16

stuff

7:16

and uh there it is

7:18

i think that's crystal clear except

7:20

again to maintain bloomberg's narrative

7:24

that elon is a flip-flopper they didn't

7:26

give him the full quote they literally

7:29

cut it off now with a dot dot dot which

7:31

you're supposed to use in journalism if

7:34

you're going to cut a a

7:36

quote off like this you should be

7:38

putting in an ellipse which looks like

7:40

this which means you added this but they

7:42

just cut it off after a quote

7:45

leaving the little comma there implying

7:47

that was the full sentence but it wasn't

7:50

so unless you're a grammarian a normal

7:53

reader would miss this so here you have

7:55

bloomberg

7:56

covering their own butt maybe because

7:58

they don't want to be responsible for

8:00

having mis for having spread

8:01

misinformation at the expense of elon

8:04

musk suggesting that he's the world's

8:06

richest flip-flopper when the reality is

8:09

this is wrong he did not say that he had

8:12

already sold his uh 10 stake

8:16

and he did not flip flop two almost done

8:19

if they had listened to it properly they

8:21

would have realized that when he said

8:23

that quote he was not done and he was

8:25

not conveying he was done he said he's

8:27

already set up to have sold us 10 when

8:29

you include his automated option

8:31

exercise plan the mainstream media got

8:33

this wrong and now they're criticizing

8:35

elon musk for their mistake essentially

8:38

labeling him a flip-flopper i don't

8:39

think i'm being extreme with that but i

8:41

do want to hear from you but listen to

8:42

this folks it gets worse the wall street

8:44

journal today

8:45

says elon musk says he lives in a 50 000

8:48

house he doesn't talk about the austin

8:51

mansion oh juicy it is a juicy article

8:54

it's just worth noting that elon musk

8:57

has continued to get this sort of

8:58

attention of the world's richest man who

9:00

said he's been selling his physical

9:02

possessions is now living in his

9:04

billionaire friend's estate

9:06

well first of all i think it's really

9:08

important to remember that elon musk

9:10

said he was selling his possessions and

9:12

he did he said he was going to sell his

9:14

elon musk or his uh yeah

9:16

his california properties and he did he

9:18

substantially downsized he moved to

9:20

texas he was living in a 50 000 home

9:24

who says he has to stay there forever

9:27

they don't mention that in the wall

9:28

street journal article but apparently

9:30

they're really proud of the fact that

9:32

now apparently he's living in this

9:35

particular property right here which is

9:37

a pretty nice property don't get me

9:38

wrong it's a nice property uh you know

9:40

with a pool and it's a substantially

9:42

larger house and apparently it's owned

9:43

by one of its billionaire friends it's

9:45

not really worth going through the

9:46

article but there are some uh well me

9:49

regurgitating what's in the article

9:51

rather uh but anyway

9:53

it's this is the billionaire here ken

9:55

kenny whatever the property includes 8

9:56

000 square feet of interior blah blah

9:58

blah the mansion sold for 12 million

10:00

dollars in 2018 blah blah what is

10:02

interesting though is it does look like

10:04

that elon musk is actually living see

10:07

here in july july was the last time he

10:09

was saying he was living in a 50 000

10:11

house this is that house uh it doesn't

10:13

appear to be a manufactured house it

10:14

kind of looks like about a thousand

10:16

square foot kind of normal house that

10:17

you would see built from the 1950s or

10:19

whatever in fact these are very similar

10:20

to the homes that i buy as rental

10:22

properties but anyway

10:24

apparently the wall street journal is

10:25

saying hey now he's hunting with real

10:28

estate agents for a property with a lot

10:30

of land and something that would provide

10:32

him a lot of privacy and i'm thinking to

10:34

myself is that so terrible is it is it

10:37

so terrible to say in june hey i left

10:40

california i moved into a 50 000 house

10:43

fact fact selling my properties in

10:46

california fact

10:48

okay so after he lived in the 50 000

10:50

house uh in in an area that's relatively

10:53

low population now he's potentially

10:55

looking for a larger home to buy outside

10:58

of austin which remember spacex is is

11:01

kind of on its own where spacex is

11:03

austin's like an awesome city it's by

11:06

some accounts measured as the number one

11:08

city to live in in america which is

11:10

which is pretty impressive but anyway

11:12

now they're deriding elon musk for

11:15

potentially wanting to

11:17

move into a larger house and and okay so

11:19

he's not living in a 50 000 home forever

11:21

really

11:22

like this is how far

11:24

woke media has to go these days this is

11:27

disgusting and it's ridiculous i don't

11:29

know maybe

11:30

you know i don't want to come across as

11:32

just like an elon musk shill or whatever

11:34

i just think it's kind of disgusting

11:36

when i see this like okay you know the

11:38

wall street journal article not as bad

11:39

as the bloomberg one the bloomberg one

11:41

substantially worse okay cool hey you

11:43

know what the wall street people they

11:45

did they did a good job

11:47

you know they did their investigation

11:48

great is it that big of a deal no he

11:50

never promised to stay there forever

11:52

this though on screen here this is

11:54

bullcrap cutting off a quote like that

11:56

scummy dirty and wrong and i usually

11:59

support bloomberg but this is an f up

12:01

and they should fess up and fix it so to

12:04

me this is just proof that the woke

12:06

media mainstream media is willing to lie

12:09

by omission

12:11

to perpetuate their narrative that elon

12:13

musk is just some rich guy who

12:15

flip-flops on twitter disgusting but

12:18

beyond that it's also worth noting when

12:20

elon musk is actually likely to be

12:22

finished with his sales and for this we

12:23

will go over to

12:25

gary black on twitter who has a

12:27

wonderfully maintained spreadsheet on

12:28

this topic elon musk sells 934 091

12:32

shares every time he exercises his

12:34

options by the 10b51 automated plan the

12:37

top is obviously when he was manually

12:39

selling shares there again you could see

12:41

elon sold some shares and the rest with

12:43

the options stuff 10b51 in coordination

12:46

with the option stuff but anyway it's

12:48

worth noting here that uh elon's got to

12:50

get to about 17 million share sales

12:52

which in my opinion brings us to needing

12:55

to sell another

12:57

about 3.3 million shares left to go

13:00

divided by

13:02

934 000 means elon's probably got

13:05

another 3.3

13:07

ish batches or tranches to sell which he

13:10

did himself on twitter say that he's got

13:13

a few more pre-programmed tranches left

13:16

to sell that's perfect

13:18

so uh that's gonna be somewhere between

13:20

three and four if he goes for four he'll

13:23

actually have sold more than he was

13:25

required to more than the 17 million

13:27

than he was required to via his own poll

13:29

uh and so uh

13:31

it is possible that he will either

13:33

adjust that 10b51 plan to be perfectly

13:35

17 million or he'll sell slightly more

13:38

to overkill how much he sold i

13:41

personally don't expect that to finish

13:43

this year even if he did one more

13:45

tranche sale next week we'd probably

13:47

have

13:48

two to three more going into january

13:50

which still puts us around that second

13:52

the third week of january for elon to be

13:54

done selling by the way if you like my

13:56

perspective consider checking out the

13:57

programs linked down below on building

13:58

your wealth and that coupon code that

14:00

expires at the end of christmas day

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