-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Tesla IPO
- Thread starter BBHighway
- Start date
-
- Tags
- Tesla Inc.
Tdave
Member
So I just got screwed since I got the email from Morgan Stanley after I went to bed last night and by the time I logged in at work it was 9am. The guy on the phone acknowledged it was a "short window" and said there was nothing he could do. A 7am EST cutoff time is fine for the people in CA but I think the people in the East Coast got robbed. Oh well, let's see how the IPO does...
Nice opening bell event. Someone will have to tell me who the woman was, but I'm pretty sure it was Justine. If so, veeeery shrewd move by Elon and Tesla.
CNN has been hyping it pretty good during their stock market report segments. Trading starts at 11am per the CNN NY guy, although he's been flubbing his facts quite a bit this morning so who knows.
CNN has been hyping it pretty good during their stock market report segments. Trading starts at 11am per the CNN NY guy, although he's been flubbing his facts quite a bit this morning so who knows.
Last edited:
Tdave
Member
Did you get the email earlier in the day? It said don't rely on the followup email, but check the website regularly. It also informed about the 7am deadline, and the online checklist has also had the 7am deadline listed for many days.
But I do agree that window was very short. It was priced at 10:30 last night, with the deadline at 7 am. You really had to be on top of it.
walk_n_wind
Member
What exactly is the discussion TDave and user497? Were Roadster owners given an early buy-in option or something?
Last edited:
Tdave
Member
Roadster owners were given the opportunity to buy shares at the IPO price, which turned out to be $17 / share. When the market opens today, we already own our shares at a cost basis of $17. We can hold or sell immediately to the general public at whatever price the stocks opens at or trades at from here on out.
Phew, it's only at $17.80 now so I didn't lose too much. The reality is that I wanted to buy some for emotional reasons rather than because I thought it was a long term good decision so it probably worked out well for me. That being said, I obviously hope Tesla does well. I'll just go back to gambling in poker rather than the stock market...
Elon is almost a real billionaire if he owns over 25%. I have no idea what SpaceX, Solar City and his other investments are worth. His shares of Tesla are worth over $550 million plus he just cashed out a lot of money.
His billionaire status might last a few more months until he has to give something to the future ex-wife.
I am still of the opinion that the share price will decline as the reality of the losses sinks in. Two years is a long time. The overall economy will begin to weigh on the stock price once the IPO frenzy subsides.
Just my opinion.
It will definately go down. It's trajectory will be very similar to AONE. Easy money if you bought this morning or at IPO prices.
Similar threads
