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LOL - CNBC "Calling Out" Goldman Sachs for upgrading TSLA this morning and then underwriting a financing round this afternoon.
I just want some crumbs. I'll take some crumbs falling from the good ole boys' overflowing coffers please...
I just want some crumbs. I'll take some crumbs falling from the good ole boys' overflowing coffers please...
Goldman of course knew about the capital raise when they upgraded from hold to buy today. It seems the purpose of that upgrade was to nudge the SP up to where the capital raise took place. Goldman also alluded to continuing concerns about Model X ramp, which indicates to me that they are reserving a price upgrade for the future (perhaps near future). I cannot believe that Goldman is unaware of the Model X production line improvements over the past 2 weeks.
Edit: I would take trading around 208.81 (LeBeau's back-of-the-napkin figure) as showing the market is neutral about the capital raise. Trading around 211 shows some positive sentiment, to me.
Edit: I would take trading around 208.81 (LeBeau's back-of-the-napkin figure) as showing the market is neutral about the capital raise. Trading around 211 shows some positive sentiment, to me.
I think Musk should priritize taking care of the bulls, not the bears.
Taking care of the bears will take care of the bulls.
Johan
Ex got M3 in the divorce, waiting for EU Model Y!
From the world of made up news:
When confronted with the allegations mr. Archambault admitted that "yes, he may have overheard part of a telephone conversation held by one of his colleagues in the banking department", but went on to explain that "the idea of letting this information influence his analyst coverage of Tesla is farfetched". He also strongly opposed any allegations of him colluding with the banking branch of Goldman Sachs saying "it would be immoral, just plain wrong".
mmd
Active Member
Last time this happened in August, someone mentioned this great wall of China that exists between the investment division and the research division of the same organization. Is that no longer needed? The Goldman upgrade today right before raising capital seems like an open and complete disregard of any such requirement. Oh well. The financial organizations need to earn their fat commissions from someone.
So, today's volume was 4,979,191 shares. Does that mean, these new shares (nearly 10 million) are not sold yet?
I'll take it a step further. Goldman knows about the improvements in Model X ramping, and their salesmen likely used this knowledge in selling the equity raise. Wouldn't you be more likely to buy in if you knew that good news was on the way soon for the product you were buying?
hockeythug
Active Member
I know the SEC isn't exactly Sherlock Holmes but in this case I'm sure they could put two and two together in this case if something illegal was done or not.
The best way to time a collusive upgrade/cap raise would be to do it on the same day as here.
"If we were REALLY working together would we have structured the upgrade like this, on the exact same day?! It would be far too obvious to everyone. So it must be coincidence, everybody!"
"If we were REALLY working together would we have structured the upgrade like this, on the exact same day?! It would be far too obvious to everyone. So it must be coincidence, everybody!"
Causalien
Prime 8 ball Oracle
Yeah, you are 100% sure to get front run if you are a big player
Heck, I got front run today afterhours. 3 times and with market orders. And I am not even a big player.
Do limit orders help prevent this at all? For relatively small orders anyway?
Yep, I first read it as $2B. $1.4B is certainly on the lower end of what I expected.
Actually can someone explain that? There's still news sources indicating a $2B raise.
Causalien
Prime 8 ball Oracle
Limit order means you are 1000% going to be front run. Your order will be on level 2 for all to see.
The total sale is $2 billion, but Elon is selling 0.6 billion of that, so tesla only gets the other $1.4
For Elon: About $250 Million to charity and a net gain of 1.5 million shares by my account.
5.5 million shares via options exercised - 2.77 million shares sold for taxes - 1.2 million shares to charity = a net gain of 1.5 million shares.
Correct me if I'm wrong, but for dilution, only the 6.8 million shares are dilutive. Elon is selling already issued shares he owns and getting shares already accounted for in executive compensation. About a 5% dilution for $2.5 Billion cash cushion that should all be available for ramp as S & X & Energy should make Tesla cash flow positive going forward and some investment in Model III (Painting, Stamping) already complete and paid forward.
I think this is net positive.
5.5 million shares via options exercised - 2.77 million shares sold for taxes - 1.2 million shares to charity = a net gain of 1.5 million shares.
Correct me if I'm wrong, but for dilution, only the 6.8 million shares are dilutive. Elon is selling already issued shares he owns and getting shares already accounted for in executive compensation. About a 5% dilution for $2.5 Billion cash cushion that should all be available for ramp as S & X & Energy should make Tesla cash flow positive going forward and some investment in Model III (Painting, Stamping) already complete and paid forward.
I think this is net positive.
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