Your English reading comprehension and analytic reasoning skills would be a more fitting target for the question. Closing out calls and buying a couple of Puts just for fun ...382 for a money losing POS hyped up car maker??? I don't buy it. You aren't going to get your $666 target no matter what. Not even close ! SEC! SEC! SEC!
welcome to my ignore list for being a massive moron. you suggested there are not many shorts when 99% of traders know TSLA is among the most shorted stock out there. sometimes i admit to wasting my time on idiots when they exceed certain levels. #ignored
My very first posts here have clearly stated TSLA as the most shorted stock. The question is how many here, i.e. this thread, are big shorts. Frankly I should have put you on ignore a long ago. You've contributed nothing but moronic cult messages. Btw, u r the first on my ignore list. Bye.
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https://www.cnbc.com/2018/08/07/elon-musk-announcement-to-take-tesla-private.html Earlier today, I announced that I'm considering taking Tesla private at a price of $420/share. I wanted to let you know my rationale for this, and why I think this is the best path forward. First, a final decision has not yet been made, but the reason for doing this is all about creating the environment for Tesla to operate best. As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders. Being public also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term. Finally, as the most shorted stock in the history of the stock market, being public means that there are large numbers of people who have the incentive to attack the company. I fundamentally believe that we are at our best when everyone is focused on executing, when we can remain focused on our long-term mission, and when there are not perverse incentives for people to try to harm what we're all trying to achieve. This is especially true for a company like Tesla that has a long-term, forward-looking mission. SpaceX is a perfect example: it is far more operationally efficient, and that is largely due to the fact that it is privately held. This is not to say that it will make sense for Tesla to be private over the long-term. In the future, once Tesla enters a phase of slower, more predictable growth, it will likely make sense to return to the public markets. Here's what I envision being private would mean for all shareholders, including all of our employees. First, I would like to structure this so that all shareholders have a choice. Either they can stay investors in a private Tesla or they can be bought out at $420 per share, which is a 20% premium over the stock price following our Q2 earnings call (which had already increased by 16%). My hope is for all shareholders to remain, but if they prefer to be bought out, then this would enable that to happen at a nice premium. Second, my intention is for all Tesla employees to remain shareholders of the company, just as is the case at SpaceX. If we were to go private, employees would still be able to periodically sell their shares and exercise their options. This would enable you to still share in the growing value of the company that you have all worked so hard to build over time. Third, the intention is not to merge SpaceX and Tesla. They would continue to have separate ownership and governance structures. However, the structure envisioned for Tesla is similar in many ways to the SpaceX structure: external shareholders and employee shareholders have an opportunity to sell or buy approximately every six months. Finally, this has nothing to do with accumulating control for myself. I own about 20% of the company now, and I don't envision that being substantially different after any deal is completed. Basically, I'm trying to accomplish an outcome where Tesla can operate at its best, free from as much distraction and short-term thinking as possible, and where there is as little change for all of our investors, including all of our employees, as possible. This proposal to go private would ultimately be finalized through a vote of our shareholders. If the process ends the way I expect it will, a private Tesla would ultimately be an enormous opportunity for all of us. Either way, the future is very bright and we'll keep fighting to achieve our mission. Thanks, Elon
https://www.cnbc.com/2018/08/07/tes...audi-arabia-sovereign-wealth-fund-has-2-.html Tesla shares rise on report Saudi Arabia sovereign wealth fund has $2 billion stake Saudi Arabia's sovereign wealth fund has acquired a significant position in Tesla shares, according to the Financial Times. The media outlet says the Saudi's Public Investment Fund bought a 3 percent to 5 percent stake in the electric car maker, according to people with direct knowledge of the matter. The stake is worth $1.9 billion to $3.2 billion at the company's current share price.
He's right. 100% I bet a lot of CEO's would agree that this Q to Q performance game thats played out with so much sensationalism in the media hinders (and is ultimately detrimental) to what a company can actually become. I bet it takes out $420.... and keeps going. There are several large stake holders out there that had their sights set north of $500; they've had to endure a lot of BS while sticking with their positions. They're gonna feel slighted. Elon is doing the right thing. How can anyone here bash him? Say what you want, call him what you want.... but he has executed as a CEO.... the shareholders have been well rewarded. And as he pointed out, this will ultimately be in the best interest of the 37K+ team members that comprise Tesla's workforce. That matters, and I think its been lost by Wall Street in their unquenchable thirst for an unending steam of quarterly beats. There will be more battery fires, and more runaway auto-pilots... its inevitable really as more and more vehicles hit the streets...and I'm sure Elon knows this. Lawsuits will abound. Its just the nature of the beast. But its one thing to have your legal team in the court system battling whatever, and a completely different thing to be on CNBC weekly defending your share price and every move you make in the court of public opinion that is the 24 hour news cycle we seem to so much enjoy. Its a brilliant move. Everybody wins. Except the shorts I guess. Oh well. Somewhere deep in one of these TSLA threads I remember writing "I would never bet against Elon Musk". That still stands. Not a culty, not a fan-boy... just an impartial observer. The guy's more than a genius... he's smart.
This article contains a lot of good reasons to be skeptical about this proposed "deal" "Tesla Board Responds To Musk LBO Plan Amid Furious Controversy, And One Burning Question" https://www.zerohedge.com/news/2018...-furious-controversy-and-one-burning-question *
and now the SEC is getting involved: "SEC Launches Inquiry Into Musk "Going Private" Tweet, Examining If Statement "Truthful"" https://www.zerohedge.com/news/2018...usk-lbo-tweet-examining-if-statement-truthful article mentions $359.8676 conversion price of the $920 million of convertible bond due March 2019. .