That's my take too: the convertible notes were dilutive, and were possibly used by short sellers too. 3:59 EST 1:59pm PST tomorrow is
the last VWAP pricing minute that decides the March 1 conversion price. If it's below $360 then note holders get cash.
Just one hour later: Elon's "Tesla something" event.
I'm bullish too.
Coast-to-coast FSD demo secured?
Or some gigantic merger or partnership?
I'm still wondering about this recent tweet:
I think this is related to tomorrow's event, not the SEC action. Is "Tesla Something" = "Tesla GM Pickup"?