Elon's Next Move

Confidence is the key to takeover battles.  Any Raider needs to project confidence to the "market" in order to muster investor support.  Generally, tender offers are about dollars and cents, but proxy fights, which generally accompany the tender offer and give it more teeth in the face of a poison pill, are about creating a sense of confidence.   

Apparently, Mr. Musk plans to obtain financing commitments and use these to support his bid, either in the tender offer or in negotiations with management.  But to succeed, he must become the "serious" Musk not the flaky "Musk".  This is as much about PR as it is about Finance.  Musk struggles to raise funds