Quote:
Originally Posted by opendoor
If Musk is willing to pay the $1B termination fee, what conditions are there? There are lots of conditions if he wants to get out without paying that, but as far as I can tell, he can just opt not to close the deal and the only penalty is the $1B (and perhaps the SEC would go after him if they had evidence that this was all a plan).
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The other penalty is a bit less direct, but it's gotta be a major hit to his credibility. He lined up a bunch of investors and banks in the first few days to fund this. Would you trust him next go around? Plus the public is souring on him a bit, and Tesla investors clearly didn't like it.