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How many of you plan to keep your Tesla Shares?

Discussion in 'Tesla, Inc.' started by TexasTeslaRacing, Aug 7, 2018.

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How many of you plan to keep your Tesla Shares?

Poll closed Aug 21, 2018.
  1. Yes

    73.3%
  2. No

    4.0%
  3. Maybe, need more info

    22.7%
  1. TexasTeslaRacing

    Joined:
    Dec 19, 2015
    Messages:
    571
    Location:
    North Dallas, Texas
    Curious to know what percentage of you will keep your shares if Tesla goes private.
     
  2. HankLloydRight

    HankLloydRight No Roads

    Joined:
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    Messages:
    10,705
    Location:
    Connecticut
    Yup!

    Knowing Elon, he still has several tricks/ideas up his sleeves, and when the Wall Street shackles are finally off, he'll be unstoppable.
     
    • Like x 4
  3. dkemme

    dkemme Supporting Member

    Joined:
    Apr 3, 2016
    Messages:
    78
    Location:
    Greeley, CO
    My shares are in an IRA and SEP IRA and not sure if I can continue ownership as private company.
     
  4. Leo Snow

    Leo Snow Member

    Joined:
    Jun 27, 2018
    Messages:
    46
    Location:
    Ontario
    if Tesla goes private what will happen with the shares if I want to keep them? I'm having them in my TFSA account (I'm in Canada)
     
  5. Hitman007

    Hitman007 Member

    Joined:
    May 15, 2016
    Messages:
    365
    Location:
    Florida
    You get cashed out. You will not have an option to keep your shares.
     
    • Disagree x 1
  6. Hitman007

    Hitman007 Member

    Joined:
    May 15, 2016
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    365
    Location:
    Florida
    you cant keep them. You will be cashed out at $420 per share.
     
    • Disagree x 3
  7. HankLloydRight

    HankLloydRight No Roads

    Joined:
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    Well, according to Elon (and everyone else), we will have the option to hold our shares in the new private company.
     
    • Like x 1
  8. mmccord

    mmccord Member

    Joined:
    Dec 9, 2014
    Messages:
    881
    Location:
    Pine Bush, NY
    #8 mmccord, Aug 8, 2018
    Last edited: Aug 8, 2018
    Only if Elon is planning on changing US law..
     
  9. jddssc121

    jddssc121 Member

    Joined:
    Apr 17, 2017
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    Location:
    Las Vegas, NV
    This is going to be another "P100D loaners for all!" promise that doesn't materialize. SEC rules say if you have more than 500 non accredited investors, or 2,000 investors overall, you must perform some reporting under the Exchange Act. Something I am assuming he would want to avoid.....


    Maybe I am wrong, but i think that red tape is going to cause him to reverse course and force a buyout.
     
  10. RDoc

    RDoc S85D

    Joined:
    Aug 24, 2012
    Messages:
    2,233
    Location:
    Boston North Shore
    Elon says a lot of things. Follow through... not so much.
     
  11. jbcarioca

    jbcarioca Active Member

    Joined:
    Feb 3, 2015
    Messages:
    3,616
    Definitions are the issue. A special purpose fund can comply as a single investor in some cases.
    How Fidelity's Ownership in SpaceX Could Be a Model for Tesla
    There are technical requirements that investors in such funds must qualify as 'sophisticated' investors but are not limited in number. As the Bloomberg piece points out there are a number of those. I am invested in one such fund, in the specific case it is only securities of a single private firm, but there are multiple security types. This arena is quite complex and regulatory compliance is tricky. Fidelity has done this for some time. FWIW, these investments are often rather illiquid. For my part I view them as buy-and-hold. Fidelity is not making these funds as an eleemosynary activity either. OTOH, private companies are cheaper to run than are public ones.
     
    • Informative x 2
    • Like x 1
  12. ItsNotAboutTheMoney

    ItsNotAboutTheMoney Well-Known Member

    Joined:
    Jul 12, 2012
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    Location:
    Maine
    His tweet:
    Twitter
     
    • Like x 1
  13. ItsNotAboutTheMoney

    ItsNotAboutTheMoney Well-Known Member

    Joined:
    Jul 12, 2012
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    7,275
    Location:
    Maine
    His related tweet:
    Twitter
    No idea of the technicalities on it.
     
  14. cpa

    cpa Active Member

    Joined:
    May 17, 2014
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    Location:
    Central Valley
    I learned that word in ninth grade English in 1968. Glad to see it is still making the rounds.
     
    • Funny x 1
  15. cpa

    cpa Active Member

    Joined:
    May 17, 2014
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    Central Valley
    I think you need to check with your custodian. It has been my experience over the years that the traditional custodians like banks, brokers, and mutual funds do not mess around with assets other than cash, publicly-traded stocks, bonds, mutual funds and the like.

    I do know that there are specialty custodians out there who will allow unencumbered real estate and other non-traditional investments like partnership interests to be owned by the pension/IRA. Compliance is trickier, and sometimes requires the need to file income tax returns for UBTI. Illiquid securities like a putative non-public Tesla likely would be something for one of these specialty custodians to consider. But no UBTI at least!
     
    • Like x 1

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