but Elon musk is gonna act as temporary ceo of
twitter and some other news if this deal does go
through, that's according to a CNBC report And meanwhile
must securing$7.1 billion prince. Now Musk's own financing
commitment and the deal has been revised to 27.25 billion
. That's up from 21 billion. And joining me
now is our resident Elon musk expert, that's dan
. Ives, managing director of equity research at Wedbush
Securities dan. It's good to see you, What
does this mean for Tesla? What does this mean
for twitter? Mhm. Well look, I think
this is something that must need to do just to
lower the burden for himself And also bringing more strategic
investors, you know, and it's really who's,
who, in terms of what he's ultimately bringing in
. I think Twitter, I think the chances of
a deal probably goes from 75% to 2 right now
. I call it probably 90 95% in terms of
this weight is financing, I believe he's not done
. He probably brings in more into the equity stake
from a financing perspective and, and look, Tesla's
stock. The reason it's down is because of the
talk that he will temporarily be Ceo of twitter,
which would clearly be viewed as a distraction. I
mean, how does he, how does he even
have time for that dan, I think from us
, there's 36 hours in the day instead of 24
. Look, I think he's been able to balance
as me and you have talked about many times he's
been able to balance basically better than probably any ceo
, you know the last 30 years in terms of
what he's done to test. So as well as
SpaceX now with that said, even with the red
cape on, you know, he, he can
only do so much, which is why that twitter
news, like I continue viewing his temporary in terms
of ceo, he likely goes to more of a
chairman role and I think what's, what's important about
the financing first of all, the likelihood the deal
getting done, significant increases, but to it shows
he's not doing it just himself, he's gonna ultimately
have partners along the way. And obviously Ellison,
you know, nas shocked that he's involved. Okay
, another question. Bill Gates bit of about battle
of the billionaires here dan and it seems like there
might be some things going on behind the scenes as
well just beyond the headlines today. But of course
in the past few hours Bill Gates saying that Elon
musk could make twitter worse. Any insight as to
the beef potentially between Bill Gates and Elon musk and
whether or not you think Elon musk might actually make
twitter worse. Look, I think musk and Gates
probably for charity should just do one of these undercard
fights at UFC on a saturday night, I mean
because look obviously, you know, the gates short
and some of the back and forth that went on
with musk. Look, I think it continues to
be, you know, musk is obviously uh,
you know, a hero to some, a villain
to others. Um, but but I think when
it comes to Tesla, you know, it's hard
to argue with his vision here. I think if
you look at gates and obviously the unparalleled success,
he's had Microsoft and others, they do, him
and musk are never going to see eye to eye
and I think that's pretty clear. But, but
ultimately look, I think it just shows like you're
always gonna have critics and that's something musk I think
is well aware of. But with that said again
, it continues to be a side story in terms
of must need to focus all of his efforts on
Tesla, especially in this market. Does it dramatically
change your 12 month outlook dan For Tesla, the
fact that Elon musk will be the interim ceo,
if and when this deal actually does go through with
the chances looking increasingly likely here just in the past
24 hours. Yeah. In itself, it doesn't
change it. I think if you start to see
strategic missteps, eye off the ball, you know
, then then obviously you start to get worried because
ultimately the golden child of musk and 95% of his
network is Tesla remember he's not buying twitter, but
it's not for Tesla, it's, you know,
it's obviously a significant way that he's ultimately buying it
. So I think it comes down that he's been
able to navigate this before. I do think twitter
in terms of fixing it, it's going to be
much more than mosque, it's going to take an
army to ultimately fix twitter. And I think that's
also bringing some of these partners Sequoia, Ellison,
you know, fidelity and others a positive in terms
of that direction. You know, one thing that's
interesting here is musk saying that corporations and king newsmakers
like politicians might need to pay for a twitter under
musk going forward seems kind of like common sense and
easy way at least for this company to actually monetize
. What do you think that could do in terms
of changing twitter's bottom line, even if it is
private Asmus wants to do with the company when he
takes over? Yeah, I think it's tip of
the iceberg because ultimately they're going to have to move
to a subscription model. There's been a massive changes
, I think behind the scenes, once they go
, you know, behind the curtain as a private
company in the next few years, they're gonna have
to increase monetization and engagement. I mean, because
it just comes down to the easy part for musk
relatively was buying twitter, the hard part's gonna be
fixing it. I think what he's alluding to.
There is also part of a broader theme you're gonna
see in terms of a premium part as well as
a non premium, because they have to monetize and
that's been the Everest, like uphill battle for twitter
over the last decade, dan, we've got to
leave it there, dan Ives, managing director of
equity research at Wedbush Securities. Thank you as always --> .