TSLA what a joke

To be honest, I hope Tesla succeeds, because Teslas run on electricity. And electricity comes from the plug. And the power from the plug comes from NG, mostly. So go long NG!

"Fossil fuels are the largest sources of energy for electricity generation
Natural gas was the largest source—about 32%—of U.S. electricity generation in 2017. Natural gas is used in steam turbines and gas turbines to generate electricity."


citation....https://www.eia.gov/energyexplained/index.php?page=electricity_in_the_united_states

 

Dude, don't read into it. A large litigation firm like that works on thousands of cases. Most turn out to be a dud and some turn out to be a great success. It's a very skewed distribution.

 

Does anybody else besides me still get mail for class action suits stemming from 2008?

 

I think many people here, based on the quality of their posts, were not alive in 2008. So what do you think? *snicker*

 

TSLA update, confirms Saudis are the `funding`. Estimates 2/3 of stockholders would roll over. Says $71B is not needed
https://www.tesla.com/blog/update-taking-tesla-private?redirect=no

Pretty much what I said

 

Interestingly the stock hasn't really moved, so the market isn't believing it would happen...

So if true, EVs are saved by big oil, oh the irony!!!

Edit: Elon's detailed plan:

https://seekingalpha.com/news/3382000-elon-musk-details-go-private-tesla-plan

 

Somehow doesn't seem like a verbal agreement is gonna cut it w/the SEC?

 

Ah, history repeating itself:

"Did y'all know that Dick Fuld of Lehman floated taking it PRIVATE 2 months before going BANKRUPT?"

 

Lets say that's right and the SEC sues, they probably settle for a few dozen million and move on. Why the world is so obsessed with something so irrelevant? There is nothing criminal here, how can you have intent to defraud when a fund worth $200B told you they want to take your company private? We are all victims of the click baiting media trying to make news out of something mundane. The SEC sues almost every week

 

He could be forced to resign as CEO of a public company. It’s market manipulation as there are no documents filed with the SEC and he’s claiming that the deal is nearly complete.

There’s a reason mergers of public companies are so secret complete with Chinese walls.

It’s completely unrealistic to assume that 2/3 of the shareholders would want an illiquid holding like Tesla without some significant discount. 4 of the top 6 holders are mutual funds! They can’t hold a private company.

So the end result here is Tesla is public and Elon focuses on space rockets.