I hope we've reached the bottom TSLA.
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I hope we've reached the bottom TSLA.
I like how today's low is currently $32.01... If you had buy orders for $32 they were not triggered. I bet there is a big buyer @ $32.01 supporting the bottom.
Move your order to $32.02 !!!
SP-2823 XP-12
Right now I'm happy with my holding. If it goes down to 26 I'll buy another 50. If there's a secondary offering at a price I like, I'll buy that same 50 if I didn't already. Otherwise I'm good. Right now, I really don't care what the stock does. I want the company to succeed and build lots of electric cars, and move into the lower price class and build even more. I don't want to be driving the only Tesla I've seen in my city. (Supposedly there are something like 4 others in the area, and I saw one at a car show a couple of years ago, but never on the street.)
Another question about a secondary offering: Are we likely to learn about it in advance, or is this sort of thing usually not announced until the offering is actually on the market? If I know it's coming up, and I'm considering buying some more shares, I'd rather buy them directly from Tesla (so they get the cash) than from the market.
I think secondary offerings depend on what they want. But I believe the most common is that existing shareholders are offered to keep their holding as it were, if they pay X. For example, if there are 1 million shares, and they want to sell another million, they will offer shareholders to buy their share, if they don't then their holding will be diluted (as originally they had 5 shares out of a million, but they don't buy so they now have 5 shares out of 2 million). I am not sure what happens if not everyone accepts, I think it then goes to the public.
Of course they could just put a load on the market, but not sure if this is done a lot or not.
Although I have never personally experienced this but I think I've got the theory right.
For those who didn't see ...
April 12, 2012
TESLA MOTORS ANNOUNCES DATE FOR FIRST QUARTER 2012 FINANCIAL RESULTS
PALO ALTO, CA -- (Marketwire) -- 04/12/12 -- Tesla Motors, Inc. (NASDAQ: TSLA) announced today that it will post its financial results for the first quarter ended March 31, 2012 after market close on Wednesday, May 9, 2012. At that time, Tesla will issue a brief advisory release via Marketwire containing a link to the first quarter 2012 Shareholder Letter, available on the company website. Tesla management will hold a live Question & Answer (Q&A) session at 2:30pm Pacific Daylight Time (5:30pm Eastern Daylight Time) to discuss the Company's results.
What: Tesla Motors, Inc. First Quarter 2012 Financial Results Q&A Conference Call
When: May 9, 2012
Time: 2:30pm Pacific Daylight Time / 5:30pm Eastern Daylight Time
Shareholder Letter: Tesla - Investors Overview
Webcast: Tesla - Investors Overview (live and replay)
Live Call: (877) 312-5519 / (760) 666-3771 (International)
Approximately two hours after the call, a digital recording of the Q&A session will be available for a period of two weeks following the date of the call. To access the recording, please dial in to one of the following numbers using the conference ID shown.
Replay Dial In #: (855) 859-2056 Conference ID: 70938591
International Replay Dial In #: (404) 537-3406 Conference ID: 70938591
The webcast will also be archived on the Company's website for a period of one year following the date of the call.
About Tesla Motors
Tesla's goal is to accelerate the world's transition to electric mobility with a full range of increasingly affordable electric cars. Palo Alto, California-based Tesla designs and manufactures EVs and EV powertrain components. Tesla has delivered more than 2,150 Roadsters, the world's first electric sports car, to customers world-wide. Model S, the first premium sedan to be built from the ground up as an electric vehicle, goes on the market the middle of this year.
For additional information, please visit ir.teslamotors.com.
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Source: Tesla Motors, Inc.
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My grandmother, however, lived for her entire life off her investments, and left my mother a small fortune. She was actually pretty good at picking 'em. She regretted not buying Coke (because she felt that she should have spotted the attractiveness of it in advance) but didn't regret buying 3M, Standard Oil of New Jersey, General Electric, etc.... or Union Carbide, though that one didn't actually work out that well. So I was simply describing the psychology of someone who did pretty well: Everyone misses some opportunities.
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