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Short-Term TSLA Price Movements - 2015
- Thread starter Robert.Boston
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BoerumHill
not great not terrible
That seems unlikely to me, but even if they picked up the entire offering it'd only be 1/60th of the O/S shares. Agreed the symbology would cause a seismic shift but I don't think that's in the cards at this juncture.
ev-enthusiast
Active Member
Correct, 20M does not look like that much at first glance.
But I think one has to take into account that most of EM's money is not cash but simply already invested in some companies/projects.
TBH as far as I know he is not that kind of person that has some Bs in cash at home, me neither
The size of the offering made me curious as well.
Now I tend to think exactly what your thoughts are, mentioned above.
Cash flow positive qtr might be late 3 to 6 months.
This might be the amount of money to financially de-risk the time needed to get there.
Maybe they did not want to take all the money from the revoling credit line the have.
This way they can keep on track with their growth trajectory.
BoerumHill
not great not terrible
Correct, 20M does not look like that much at first glance.
But I think one has to take into account that most of EM's money is not cash but simply already invested in some companies/projects.
TBH as far as I know he is not that kind of person that has some Bs in cash at home, me neither
The size of the offering made me curious as well.
Now I tend to think exactly what your thoughts are, mentioned above.
Cash flow positive qtr might be late 3 to 6 months.
This might be the amount of money to financially de-risk the time needed to get there.
Maybe they did not want to take all the money from the revoling credit line the have.
This way they can keep on track with their growth trajectory.
It's symbolic more than anything. Back in Dec 2008 he put in 50% to secure the round that saved the company from bankruptcy, and given the post-Lehman climate of the times, it probably never closes without his action.
jhm mentioned he didn't secure his pro-rata share, but I'm not sure that's terribly important. He holds, what, 35M shares? So his percentage drops from 27.5 to roughly 27.1%. Almost immaterial.
INTERESTING Tesla Thursday.
This capital raise should actually bode well given that the underwriters gobbled it up at the current SP and have an option to buy more. Hoping this creates a "floor" for us.
The news for NYC is also pretty big because it will solve a huge issue for apartment dwellers like myself. I'd actually like to see a bunch of 240v chargers for topping off for more coverage instead of a ton of superchargers... They are cheaper and would fit most people's needs in urban areas such as (NYC and the five boroughs)
This capital raise should actually bode well given that the underwriters gobbled it up at the current SP and have an option to buy more. Hoping this creates a "floor" for us.
The news for NYC is also pretty big because it will solve a huge issue for apartment dwellers like myself. I'd actually like to see a bunch of 240v chargers for topping off for more coverage instead of a ton of superchargers... They are cheaper and would fit most people's needs in urban areas such as (NYC and the five boroughs)
Johan
Ex got M3 in the divorce, waiting for EU Model Y!
I like Blurry's thought. Perhaps the timing between Page announcing Alphabet and this is just a coincidence. But what if it turns out Alphabet is picking up a lot of stock in the offering, or even more interesting on the open market? I like the thought of this, even though I wouldn't assign a very high probability to it.
Prospectus implies its underwriters best effort w green shoe option. I doubt Alphabet is doing anything...yet
ludicrousspeed
Member
Becoming cash flow positive directly correlates with production ramp of the Model X. When they initially said that they would be CF positive in Q4, it was under the assumption that they would be producing about 1,000 MX per week for a hefty majority of the quarter. So along with the news of an expected delay in full ramp of the X, comes a delay in becoming CF positive.
hockeythug
Active Member
Deepak said on the call that if the ramp went well, cash flow positive in Q4. He also said they for sure would be cash flow positive in 1Q16. Nothing has changed since the call.
CALGARYARSENAL
Member
This is crazy. Quite the reaction to a share offering. LOL. Who would have thunk? Makes no sense.
ev-enthusiast
Active Member
Krugerrand
Meow
What makes no sense? That the stock is up today on news of the cash raise, or the overwrought hand-wringing of the human race when something is out of their control (and they don't understand)?
virtuesoft
Member
Technically, there should be some resistance around the 246.80 level. If we break and close above that level by a dollar or more I think it will be a very bullish signal.
However, there is also a case for resistance at 251 and 257. Still, weighing up where the resistance may be sure beats weighing up where we may find support.
However, there is also a case for resistance at 251 and 257. Still, weighing up where the resistance may be sure beats weighing up where we may find support.
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