Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[Curt Renz]

CNBC - midday:

 

[bkp_duke]

Doesn’t Elon have to file paperwork ahead of time to sell, being the CEO and all?

Yes, and there are set trading windows he cannot trade during (within so many weeks of earnings, etc.).

 

[Singuy]

Doesn’t Elon have to file paperwork ahead of time to sell, being the CEO and all?

Yes lots of moving parts to get his shares sold. It doesn't happen today and the day he announces that it has all been sold everyone will be shocked. Kind of like every time they do an offering.

 

[MP3Mike]

Yes lots of moving parts to get his shares sold. It doesn't happen today and the day he announces that it has all been sold everyone will be shocked. Kind of like every time they do an offering.

But there is nothing saying that he couldn't have planned the sale out months ago, and just posted the Twitter poll to coincide with his existing plan. (After all he did say long ago that he was going to be selling in Q4 of this year.)

 

[lafrisbee]

Just sayin..
If Elon is/was selling 10 million shares, well look at the difference in a normal day and today's total shares traded.

 

[mongo]

Doesn’t Elon have to file paperwork ahead of time to sell, being the CEO and all?

Nope.
A 10b5-1 plan is a way to reduce the chance of the SEC looking into an insider's trades, but it is not required.
After the fact, he needs to fill out a Form 4.
One can review the Form 4s on the Tesla IR site to see examples of both actions.

Edit: Answers To Common Questions About Rule 10b5-1 Plans | JD Supra

May trades be made outside of the Rule 10b5‐1 plan?​

Yes, trades may be made outside of the Rule 10b5‐1 plan. However, the Rule 10b5‐1 affirmative defense will not apply to trades made outside of the plan.

 

[SOULPEDL]

I think I'm about to pick up some more chairs...

 

[Singuy]

Nope.
A 10b5-1 plan is a way to reduce the chance of the SEC looking into an insider's trades, but it is not required.
After the fact, he needs to fill out a Form 4.
One can review the Form 4s on the Tesla IR site to see examples of both actions.

Edit: Answers To Common Questions About Rule 10b5-1 Plans | JD Supra

Which means they are totally using a 10b5-1 plan..lol.

 

[Sofie]

Would be karma if Tesla announced a split (pending shareholder approval) tomorrow…….

I actually was thinking this same thing. That would be epic! Lol!

 

[TheTalkingMule]

Drifting toward 1160 max pain? Haven't seen that in a while, how retro!

Time to sell some puts!

 

[SPadival]

Damn you, daylight saving! I couldn’t even catch a glimpse of the so-called dip

Seriously, not much of a dip - so much electronic ink and YouTube hours wasted over this! I had a good sleep though

 

[CanadaEV]

So far this looks like nothing more than a normal correction after that massive run-up… it was bound to happen anyway.

Musk’s timing looks to to be perfect again. Talk about getting two birds with one stone…

 

[mongo]

Which means they are totally using a 10b5-1 plan..lol.

Yeah. I suppose they could.

Can trades occur under a Rule 10b5‐1 plan immediately after the plan is established?​

Yes. There is no mandatory “waiting period.” But Rule 10b5‐1 plans generally should not be used immediately after they are adopted. The plan should include a waiting period (e.g., 30 days) during which no trades can occur under the plan to prevent the appearance that the person designed the plan as a cover for trades based on material non‐public information. Another consideration is to adopt a Rule 10b5‐1 plan shortly after the company announces its financial results because previously material non‐public information regarding the company’s financial situation should have been publicly disclosed by then. See “Best Practices to Consider for Rule 10b5‐1 Plans.”

 

[SOULPEDL]

It is done...

 

[madodel]

I sure hope not. Selling shares based on insider knowledge is definitely flirting with more than just a slap on the wrist from the SEC.

He hasn't sold anything yet.

 

[AudubonB]

I was really expecting the Semi to be running back and forth between Reno and Fremont before going to customers. I'm thinking a small number may be built in Giga Nevada to start. Note the recent Semi Chargers installed there.

That has been happening since either 1Q or 2Q 2017.

 

[2daMoon]

It is done...

View attachment 730755

Did you consider making the order for 42 shares?

 

[obie_fl]

That has been happening since either 1Q or 2Q 2017.

??? Are you talking about the two prototypes we have seen for a while now?

 

[Mengy]

Well that was quite the drop off at the end, but still the day went better than I expected it to.

Wonder how the rest of the week will trend?

 

[MindOverMatcha]

Guess what the max pain is this week...

1160!!! LOL

Explains that drop from 1180 to 1162 in the last 30 mins. MMs are back in the house, at least today. Still 4 trading days in the week to change things around..