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Just look at how things surrounding Tesla work.

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boston745 Member Level  Wednesday, 07/21/21 06:46:18 PM
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Just look at how things surrounding Tesla work.

Tesla acquires Maxwell's Cap businsss and issued them 235m worth of shares in 2019. Those who received the shares then saw their shares inflate over 700% before Tesla sells them back the tech.

Now lets look at how Electrek spins this news:

Quote:
To me, it looks like that Maxwell employees who were more about the ultracapacitor business decided to leave and create their own company after Tesla’s acquisition.

Then, they went back to Tesla to buy back the ultracapacitor business, which the automaker didn’t seem to care much about.



I highly doubt the old Maxwell employees/shareholders paid Tesla what they made from selling to Tesla in the first place. This deal looks extremely shady...hopefully done to help fund supercapacitor development...or maybe its an award for a good attempt...maybe a bit of both.

https://www.google.com/amp/s/electrek.co/2021/07/21/tesla-tsla-sells-back-maxwell-technology-ultracapacitor-business-to-former-executives/amp/

What seems to be in similar context is Bezos awarding two "upstanding citizens" with 100m each to dole out to their "favorite charities". Is one of their favorite charities really just personal offshore accounts? Then they can use other funds to get things named after themselves?



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