Wow. Usually I am happy if I post in the morning and get 3 likes when I come home.
Today I got three pages of replies to the thread I started
. Thanks for participating, looks like we already have some progress and the outlook is not as bad as it seemed in the beginning.
Thanks for this thread, Hobbes. Any idea how we can transfer shares? Selling at current broker & buying at new US-based broker?
I hold my few hundred shares and German Deutsche Kreditbank. In my online banking I have the option to transfer my whole portfolio or a part of it to another broker (without selling and rebuying). From what I read this seems to be standard, so should be no problem to transfer, just have to know where they support the private shares.
Swede here wondering the same. I have TSLA in both a KF and in an ISK. Not sure what is gonna happen to these, the KF seems tricky... Considering going on a holiday to America and opening an account, any suggestion for a nice secure bank with reasonable fees?
I think you can just open an account online. Or does that make a difference, does anyone know? I looked at Interactive Brokers which a lot of people from the US seem to use and they offer their service even in German language.
EU Tesla employees perhaps needs a private equity fund set up in the EU? Could EU TSLA shareholders also convert to this?
That occured to me, too. Tesla´s employees (at least in the US) get stock as part of their salary, so if it is the same for international employees chances that Tesla will not force shareholders outside the US out while going private should increase. Maybe it would help asking them, or maybe we have employees here?
Best way to address this is to ask SpaceX employees based outside US on what is the current structure for them.
Yeah, SpaceX is probably the closest thing we have now as Elon said the structure will be very similar. However, are there even SpaceX employees outside the US?
I just talked to my Bank its Cortal Consors/ BNP Paribas. They said:
- A typical situation is that the public shares are transformed into private shares located at a US bank like Morgan Stanley who administrate and manage the affair for all stockholders.
For SpaceX Fidelity does this management of the private shares, see this at reddit:
r/teslamotors - Crosspost: Asked at /r/SpaceX for former SpaceX employee to answer questions relating to private equity and liquidity events.