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Elon Tweets He's Considering Taking Tesla Private at $420

Discussion in 'Canada' started by T3l5aFan, Aug 7, 2018.

  1. T3l5aFan

    T3l5aFan Member

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    "Am considering taking Tesla private at $420. Funding secured." - Elon Musk

    Elon Musk on Twitter
     
    • Informative x 1
  2. TexasTeslaRacing

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    Could be a joke but he might be serious.
     
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  3. SSonnentag

    SSonnentag Supporting Member

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    Maybe Elon is just trying to jump the stock price in order to burn the shorts.
     
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  4. EV-lutioin

    EV-lutioin Active Member

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    "420"?? Is he trying to burn the shorts in a joint? I think Musk visited a dispensary this morning and started tweeting. Quick, someone take his phone away!!
     
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  5. Darscot

    Darscot Member

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    Pretty funny either way.
     
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  6. EV-lutioin

    EV-lutioin Active Member

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    But, can you make an announcement like that during trading hours? Stock prices shot up immediately after tweet.
     
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  7. TexasTeslaRacing

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    • Like x 1
  8. Kenypowa

    Kenypowa Member

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    It was already shot up mostly due to Saudi soverign fund bought (or buying) $2 billion TSLA in open market. Then Elon tweeted it shortly after.

    Subscribe to read | Financial Times
     
    • Informative x 1
    • Like x 1
  9. wayner

    wayner Active Member

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    And Canadians are no longer eligible to buy Teslas ;)
     
    • Funny x 7
  10. Darscot

    Darscot Member

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    I agree it was very odd tweet to make but I rather enjoy that he did it anyway. Twitter seems to be a free pass, its like its not real if its a tweet. If its good enough for the guy in the white house everyone else might as well jump on board.
     
  11. wayner

    wayner Active Member

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    I am not so sure that a tweet like that is kosher for a publicly listed company. He could be getting into trouble from the SEC.
     
  12. oakvillemike

    oakvillemike Member

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    That's assuming he's spreading false information - if he's serious, it's kosher. The SEC declined to comment on this tweet (so far).
     
  13. arcus

    arcus Active Member

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    Tesla just posted this: Tesla
     
  14. Techniques

    Techniques Member

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    Well looks like the tweet was legitimate after all.
    Wish I had some spare change to buy some TSLA stock.
     
    • Like x 1
  15. Owner

    Owner Active Member

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    Gosh, my first thought was "great idea".

    As a former techie, I know how ridiculous trying to meet quarterly numbers can drive decisions the wrong way...
     
  16. ItsNotAboutTheMoney

    ItsNotAboutTheMoney Well-Known Member

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    In this case, I think it's actually halal.
     
  17. Darscot

    Darscot Member

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    Its going to be crazy if the Saudis end up owning the electric car. Its crazy to think the oil barons of the middle east are the ones that realize its time to diversify and go green.
     
    • Funny x 1
  18. Jedi2155

    Jedi2155 Please Insert a Model 3 into Avatar

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    That would be criminal:
    SEC.gov | Manipulation
     
  19. MagicDog

    MagicDog Member

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    Looks like this is happening... Wow!

    Anyone have any idea how this would work if you decide to keep your shares, but own them in your TFSA or RRSP?
     
    • Like x 1
  20. Jedi2155

    Jedi2155 Please Insert a Model 3 into Avatar

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    Why Public Companies Go Private

    Elon stated the following:

     

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