Given so much of TSLA's price is banked on future potential, I can understand if the market thinks this gives Tesla's potential enough additional upside to offset the dilution.
I'm still not clear on what the offering actually means. What does it mean for "notes to be convertible into cash" and what art the "convertible note hedge transactions and warrant transactions"?
yeah, but I was under the distinct impression (at least in my own mind) that $30 to $90 move was not based primarily on that long view, but rather a clearing of a large short position. I somehow still believe that to be the case. Given valuation approaching 30% of GM I'm having trouble absorbing all of that rise into a base of long position. Still holding my current core shares, but wow- we have all pretty suddenly gone from 'the shorts are squeezing 300%' to ok if the shorts went away we'd have buyers at this price. Just not there yet I guess