Bet TSLA
Active Member
Please read what's written. Just last week Elon brought this up with the board. He has likely been preparing for months. This statement means only what it means.Just last week this started?
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Please read what's written. Just last week Elon brought this up with the board. He has likely been preparing for months. This statement means only what it means.Just last week this started?
Ahaha what a time to be long $TSLA DOUG KASS is back! For those of us “old timers” Doug is what many referred to as an “intelligent bear” who disappeared a bit and is now back.
Oxymoron? Or maybe just a regular moron?
Are you joking? Do you understand what "addressed" means? It means Elon mentioned funding. It means absolutely nothing. This statement was designed to say absolutely nothing substantive about funding.edit:
- Note the past tense for "addressed the funding", i.e. I believe this means that the board sees funding as secured.
- Also note that the board confirms that the offer is legit and is being considered. It's not a Twitter joke or bluff by Elon.
- Obviously the board is an independent entity separate from the buyout consortium of the buyers, and board approval has to be in the interest of shareholders - so Tesla board approval could not be given yet (nor expected), but this is giving Elon's announcement plenty of legitimacy: those who do not trust Elon's word might trust the word of a certain James Murdoch.
Please read what's written. Just last week Elon brought this up with the board. He has likely been preparing for months. This statement means only what it means.
A consortium with ~ 50% of the shares would beg to differ.. (though they did get in <420)
Huh...
If you were a consortium and planned to take Tesla private, and needed to buy out people at $420, but the stock was currently in the $300's, would you not buy up as much as possible to reduce the amount you would need to pay later? If so, could it be they have cornered 100% of the float, and the only trading that has been occurring has been with borrowed shares?
That's the reason.Is there any reason for the consortium to NOT have already acquired 100% of share count?
Same here. My broker has done pre-market trades for me before, but my buy with a limit of $377 still hasn't filled.
I think whoever does bid on the company will probably also see the value in Tesla going private. Definitely could be wrong here. You raise a very interesting point that I haven’t seen mentioned yet. I honestly wouldn’t be opposed to Apple buying Tesla though. I’ve thought it seemed like a logical move for Apple for years now.
A Tesla is the closest thing to an iPhone there is in the auto world.
Look up your 401(k) plan rules to see what they allow you to hold. You may get cashed out.Off topic here. For those that own TSLA in our 401k's what will be the future of our holdings?
So you'll be able to keep your after-tax shares...I am considered by the SEC an accredited investor.
A consortium with ~ 50% of the shares would beg to differ.. (though they did get in <420)
Huh...
If you were a consortium and planned to take Tesla private, and needed to buy out people at $420, but the stock was currently in the $300's, would you not buy up as much as possible to reduce the amount you would need to pay later? If so, could it be they have cornered 100% of the float, and the only trading that has been occurring has been with borrowed shares?
So:
Announce $420
Price goes up
Shorts forced to cover above $420, those that want out of TSLA sell to the shorts, eliminating a position that need to be absorbed.
Final tally: if there are more short shares than shares of people who want out, there is high cost problem for shorts. If there are more getting out shares than short shares, the consortium only needs to buy the difference...
Is there any reason for the consortium to NOT have already acquired 100% of share count?
Not an advice, but this makes me either very worried (for shorts), or very impressed.
Same here but just a few..Most excellent. Filled at $368,84 on market open. Were off to the races gentlemen.
$368.94 for me.....Most excellent. Filled at $368,84 on market open. Were off to the races gentlemen.
Got 13 at 368,84.Short selling i think, i'm having difficulties getting my buy order filled.