UGLY *Proof* Media Lies about Elon Musk - Bloomberg Exposed
FULL TRANSCRIPT
hey everyone kevin here in this video
i'd like to provide what i believe is
proof that awoke media is trying to burn
incredible innovators like elon musk to
the ground
now i'm going to give you a very quick
catch up on a video that i made this
morning which i encourage you to still
watch but i'm going to give you a very
quick catch up this morning
there were rumors that elon musk was
finished selling his shares after i did
the math and i listened to the exact
comment that elon musk made about
selling his shares i disputed this i
disputed this on twitter and i disputed
this on a youtube video this morning
called no elon musk is not finished
selling his shares here's when he might
be finished actually selling i received
a lot of flack for this i received a lot
of flack because woke and you'll see why
i say woke media like bloomberg
ran a story like this
must 10 stake sale removes overhang
fueling tesla rally now fortunately i
ended up being vindicated i was right
and bloomberg was wrong but that didn't
lead to a lot of frustration from a lot
of folks who were wondering why i was
saying something that was different from
the mainstream media but the point of
this video is not to suggest that oh
kevin was right let's pat myself on the
back the point of this video is to show
you
what bloomberg did when they realized
they were
wrong
and it's gross
and then i'm going to show you a bonus
from the wall street journal which is
also ridiculous but let's watch or take
a look at this okay so here's the
article
from 6 40 a.m this morning pacific time
musk's 10 stake sale removes overhang
fueling tesla rally okay fine we see
these sorts of articles all the time hey
why is a stock up as much as 8.2 percent
oh because elon said he sold enough
shares to make his total
sales worth about 10
removing a key overhang on the shares so
here's some very quick reporting from a
couple folks over at bloomberg just
throwing together and reiterating the
twitter uh you know poll that elon ran
saying why uh he was going to sell uh
ten percent of uh
his ownership in tesla okay fine so
bloomberg makes the claim that elon musk
has
sold enough stock and that he's done
removing this key overhang right but
that's not what elon musk said and elon
musk later clarified that this is wrong
this is misinformation before i show you
how bloomberg responded which is what i
think is completely disgusting how they
ended up responding and i think you'll
agree with me
i think you should have the context or
reminder of the context as to why i
believe that elon musk was not finished
selling his shares
it comes to this interview and what elon
actually said i'm going to play 10
seconds of this but it's also worth
noting and i'm going to spare you the
math
at this point elon musk were at the
point of this interview elon musk had
sold about 12.9 million shares of tesla
he promised to sell about 17 million
that obviously leaves a void in how much
he still has left to sell now there's
been an update since then there's been
another sale since then i'll talk about
that and give you updated numbers
towards the end of this video but i just
want you to listen to this and then i
want you to see what bloomberg
said when they realized they were wrong
because you'd expect some kind of like
apology right like oh crap you know we
we published this that ended up getting
syndicated out to yahoo news and all
these other platforms saying elon was
done but he wasn't done
i want you to see the cya crap
bloomberg's trying to pull but listen to
the quote here from elon musk this is
the line here we go
um
so i sold enough stock to get to around
10 plus the option exercise stuff
and
boom
so i sold enough stock to get to the 10
plus the option exercise
stuff that is a key phrase plus the
option exercise stuff those five words
combined with the fact that we know elon
musk has not sold his 17 million shares
were enough for me to make the video
that i made this morning saying no no no
elon's not done he just told us plus the
option exercise stuff we know that when
elon exercises options he has a 10b 5-1
plan that is automated it automatically
sells 934 091 shares of tesla stock
exercise options automatic sale it's
like a given day it's like a happens b
happens it's automatic those five words
plus the option exercise stuff are
critical
okay so now we know that bloomberg was
wrong
a bloomberg was wrong
b
we expect an apology from bloomberg for
being wrong
and this is what we got and i want i
wanna know what you think about this all
right watch this this is what we got
elon musk clarifies he's almost done
selling his stock
elon musk said on twitter that he's
quote almost done trimming his stake in
tesla after hours after telling a
satirical website that he had already
reached his target of reducing his stake
in the electric automaker by 10
so wait a minute wait a minute this is
bloomberg right here look at this they
are doubling down
saying
elon went on twitter saying he's almost
done
after telling a satirical website that
he had already reached his target that's
not what he said he said plus the option
stuff those key five words right but it
gets worse folks listen to this verbiage
right here i'm gonna hide myself so you
can see it in full here
i sold stock that should roughly make my
total share sale roughly 10 percent
wait a minute wait a minute there's
something missing what's missing right
there
plus the option stuff the key five words
plus the extra option stuff
they didn't include that in fact they
just hard cut off the tweet or the quote
in fact after they hard cut off the
quote look what they do look how scummy
this is
the world's richest person told the
babylon bee in an interview that also
addresses his wealth taxes and
priorities later on social media he
clarified that more sales are coming
under a pre-programmed plan so in other
words this article is saying hey this
morning
we said that elon was done selling his
shares because elon said he was done
selling his shares so this article if
anybody only read bloomberg they would
have heard okay elon musk said uh that
he's done
and then a few hours later
elon musk the world's richest man says
jk
not done
that is what bloomberg is telling you so
the mainstream media is telling you elon
is a flip fopler but not only is a
flip-flopper he's the world's richest
flip-flopper
who has also been criticized for his
wealth and his taxes and his priorities
i don't think i'm wrong on this i mean
look at this
they completely cut off his quote let's
play it again and i want you to tell me
again or let me know in the comments am
i wrong am i going to extreme here or is
it fair for them to have cut that quote
those key five words let's listen again
on balance they said yes and so i wait
for it um
so i sold enough stock to get to around
10 percent plus the option exercise
stuff
and uh there it is
i think that's crystal clear except
again to maintain bloomberg's narrative
that elon is a flip-flopper they didn't
give him the full quote they literally
cut it off now with a dot dot dot which
you're supposed to use in journalism if
you're going to cut a a
quote off like this you should be
putting in an ellipse which looks like
this which means you added this but they
just cut it off after a quote
leaving the little comma there implying
that was the full sentence but it wasn't
so unless you're a grammarian a normal
reader would miss this so here you have
bloomberg
covering their own butt maybe because
they don't want to be responsible for
having mis for having spread
misinformation at the expense of elon
musk suggesting that he's the world's
richest flip-flopper when the reality is
this is wrong he did not say that he had
already sold his uh 10 stake
and he did not flip flop two almost done
if they had listened to it properly they
would have realized that when he said
that quote he was not done and he was
not conveying he was done he said he's
already set up to have sold us 10 when
you include his automated option
exercise plan the mainstream media got
this wrong and now they're criticizing
elon musk for their mistake essentially
labeling him a flip-flopper i don't
think i'm being extreme with that but i
do want to hear from you but listen to
this folks it gets worse the wall street
journal today
says elon musk says he lives in a 50 000
house he doesn't talk about the austin
mansion oh juicy it is a juicy article
it's just worth noting that elon musk
has continued to get this sort of
attention of the world's richest man who
said he's been selling his physical
possessions is now living in his
billionaire friend's estate
well first of all i think it's really
important to remember that elon musk
said he was selling his possessions and
he did he said he was going to sell his
elon musk or his uh yeah
his california properties and he did he
substantially downsized he moved to
texas he was living in a 50 000 home
who says he has to stay there forever
they don't mention that in the wall
street journal article but apparently
they're really proud of the fact that
now apparently he's living in this
particular property right here which is
a pretty nice property don't get me
wrong it's a nice property uh you know
with a pool and it's a substantially
larger house and apparently it's owned
by one of its billionaire friends it's
not really worth going through the
article but there are some uh well me
regurgitating what's in the article
rather uh but anyway
it's this is the billionaire here ken
kenny whatever the property includes 8
000 square feet of interior blah blah
blah the mansion sold for 12 million
dollars in 2018 blah blah what is
interesting though is it does look like
that elon musk is actually living see
here in july july was the last time he
was saying he was living in a 50 000
house this is that house uh it doesn't
appear to be a manufactured house it
kind of looks like about a thousand
square foot kind of normal house that
you would see built from the 1950s or
whatever in fact these are very similar
to the homes that i buy as rental
properties but anyway
apparently the wall street journal is
saying hey now he's hunting with real
estate agents for a property with a lot
of land and something that would provide
him a lot of privacy and i'm thinking to
myself is that so terrible is it is it
so terrible to say in june hey i left
california i moved into a 50 000 house
fact fact selling my properties in
california fact
okay so after he lived in the 50 000
house uh in in an area that's relatively
low population now he's potentially
looking for a larger home to buy outside
of austin which remember spacex is is
kind of on its own where spacex is
austin's like an awesome city it's by
some accounts measured as the number one
city to live in in america which is
which is pretty impressive but anyway
now they're deriding elon musk for
potentially wanting to
move into a larger house and and okay so
he's not living in a 50 000 home forever
really
like this is how far
woke media has to go these days this is
disgusting and it's ridiculous i don't
know maybe
you know i don't want to come across as
just like an elon musk shill or whatever
i just think it's kind of disgusting
when i see this like okay you know the
wall street journal article not as bad
as the bloomberg one the bloomberg one
substantially worse okay cool hey you
know what the wall street people they
did they did a good job
you know they did their investigation
great is it that big of a deal no he
never promised to stay there forever
this though on screen here this is
bullcrap cutting off a quote like that
scummy dirty and wrong and i usually
support bloomberg but this is an f up
and they should fess up and fix it so to
me this is just proof that the woke
media mainstream media is willing to lie
by omission
to perpetuate their narrative that elon
musk is just some rich guy who
flip-flops on twitter disgusting but
beyond that it's also worth noting when
elon musk is actually likely to be
finished with his sales and for this we
will go over to
gary black on twitter who has a
wonderfully maintained spreadsheet on
this topic elon musk sells 934 091
shares every time he exercises his
options by the 10b51 automated plan the
top is obviously when he was manually
selling shares there again you could see
elon sold some shares and the rest with
the options stuff 10b51 in coordination
with the option stuff but anyway it's
worth noting here that uh elon's got to
get to about 17 million share sales
which in my opinion brings us to needing
to sell another
about 3.3 million shares left to go
divided by
934 000 means elon's probably got
another 3.3
ish batches or tranches to sell which he
did himself on twitter say that he's got
a few more pre-programmed tranches left
to sell that's perfect
so uh that's gonna be somewhere between
three and four if he goes for four he'll
actually have sold more than he was
required to more than the 17 million
than he was required to via his own poll
uh and so uh
it is possible that he will either
adjust that 10b51 plan to be perfectly
17 million or he'll sell slightly more
to overkill how much he sold i
personally don't expect that to finish
this year even if he did one more
tranche sale next week we'd probably
have
two to three more going into january
which still puts us around that second
the third week of january for elon to be
done selling by the way if you like my
perspective consider checking out the
programs linked down below on building
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