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JC Christopher
@JCChristopher
U.S. Marine veteran, retired KPMG partner, $TSLA & $SPCX investor, FSD (v14.3.6), Uber driver in Houston. Tesla referral:
Joined April 2022
1.7K Following    15K Followers
One interesting factoid about any potential merger between SpaceX and Tesla, are the change in control provisions that require the recording all of Tesla’s assets and liabilities at fair value on the consolidated financial statements, with any excess purchase price going to goodwill. The proxy will have what are called “pro forma adjustments” that in essence act like a bridge from the “oldco” historicals to the “newco”. The pro formas are valued by the largest accounting firms in the world, agreed to by the largest law firms in the world, and ultimately agreed to by both Boards before being submitted to shareholders for a vote. If this merger happens, we will know for sure which of the X accounts and YouTubers with financial models on Tesla for years were accurate.
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