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Blog Musk Backs Away From Plans to Take Tesla Private

Discussion in 'Tesla, Inc.' started by TMC Staff, Aug 25, 2018.

  1. TMC Staff

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    After Chief Executive Elon Musk tweeted earlier this month that “investor support is confirmed” for a plan to take Tesla private at $420 a share, the company announced yesterday that it intends to remain publicly-traded. A blog post on Telsa’s website was uploaded Friday night outlining the decision. In the letter, Musk said the company...
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  2. Kingdragon8

    Kingdragon8 Member

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    Best alternative since NOBODY would buy (fund) an automotive company for $70B that is worth ..... ah .... a fraction of that. Morgan Stanley estimated it worth about $190/share and they were the primary advisor. My guess is the stock will drop below $290 on Monday.
     
  3. glide

    glide Member

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    Sounds like somebody finally got a well deserved spanking.
     
    • Like x 1
  4. hill

    hill Active Member

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    I'd grab up 100 shares @ that price ... as would 10's of 1,000's of other. Crossing fingers I can jump in before it bounces up back over $350.
    :D
     
  5. Clemi

    Clemi Member

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    As a Tesla share holder, car owner, and a customer on the mod. 3 waiting list I do not really care about monday's stock price. I am more interested that my car keeps getting 1. class service, that the mod 3 comes with air suspension, and that Tesla helps me using my Tesla as a battery pack on wheels for my solar electric panel. The stock price will come back as soon as Tesla turns out a profit.
     
  6. brianman

    brianman Burrito Founder

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    air suspension - My guess is 2020 deliveries at earliest.
    vehicle as battery backup - I don't see this coming from Tesla for any vehicle that has been announced or delivered thus far.
     
  7. jerry33

    jerry33 S85 - VIN:P05130 - 3/2/13

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    Because the purchaser was going to be Saudi Arabia, I'd be concerned that once purchased they would shut it down. Once Tesla was no longer around, the other car manufacturers would shut down their production lines as soon as they could. Backing out was a good move in my opinion.
     
    • Like x 1
  8. e-FTW

    e-FTW New electron smell

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    "Autopilot was on." -Elon Musk
     

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