Starting this as a spin-off from the Market Action thread, where quite a few investors from non-US countries have been wondering what to do to be able to keep investing in Tesla after it possibly goes private.
Ideas:
- transfer shares to a US based brogerage (Schwab, Interactive Brokers etc).
- @neorden said:
If people get feedback from their brokerages on what will happen to their shares, please post it here!
@hobbes, first of all many thanks for open this thread. That makes a lot of sense and is helpful trying to understand with the limited information we have what options we have. I was thinking doing the same or starting private messages to shed more light on the situation.
My thoughts:
As of today we know not very much really so its difficult to understand if we as international stock owners are facing a situation that requires us to sell or not
Actually I did read from various people that they are sure we have to go out but they did not give any explanation. So if someone can give an explanation why its believes that would be helpful
Elon wants to make the company private. That we know for sure now. To do that he wants to protect all shareholders who supported him in his mission and force shorts out. Long term shareholders are people he is very graceful for and he mentioned many times that he want to protect them and appreciate their support. So, in short I do believe he will do his best to structure the situation in a way to keep us in if we want to.
In fact Elons attempt to go private depends on all Shareholders voting result. This does not look like a done deal as there are many people that for various reasons like Tesla to stay public. So, the outcome of that vote is unclear to me and I do have doubts that the $420 offer will be enough to achieve that. In my view its likely that they have to go much higher to get approval.
Given that Elon needs the Shareholder approval to go private he needs to win national and international shareholders to vote for privatization. What I am trying to say is that if the deal structure would mean international shareholders are forced out they will likely vote against privatization unless they have other motivation to cash out. So there is an incentive for him to do his best to keep us in.
What I am looking for in this tread is hard fact information why international shareholders will be forced to go out. Does anybody has solid information?
From what I read Elon wants to give shareholders the option either to sell at $420 or to get a private share. In the latter why do people believe just because we are located in e.g. Europe maybe with a European bank that other rules apply to us in going private?
I am a long term shareholder and want to stay with Tesla the next 5-15 years if not longer. I like the mission, the products, the company and I like kicking the incumbent auto industry in the butt for what they did to the environment and the consumer in the last decades. Besdie that I believe Tesla to grow to one of the largest companies on earth. Therefore it would be a pleasure to be a shareholder in the future be it public or private.
