Aug 12, 2020:
People here
STILL do not understand what Tesla achieved with its $5B Cap raise on Sep 01-04, 2020.
Naked Short Sellers (mostly TSLA Market Makers and counterfeiting Brokers) were FORCED to purchase about 11.0M shares (equivalent to 2.2M pre-split) in order to maintain their client positions.
Note that there were many,
MANY, individual reports here on TMC where customers of various Broker's
DID NOT received their dividend shares in a timely matter as required by the SEC. That should have been done by Mon, Aug 31, 2020 but instead customers got weak excuses and thinly veiled lies as to where their shares where (no, they weren't stuck in the mail).
It was not until Tesla released $5B in new shares that the share dividend squeeze started to abate (no, it wasn't the S&P nonsence). We'll likely know by the time Tesla releases the Q-10 for 2020Q3 (~Oct 28?) how many shares were issued from Tue-Fri, Sep 01-04 for the Cap raise. My prediction is (
and was, per my Aug 12 comment above) that Tesla issued 2.2M shares at an ASP of $454 per share.
BONUS: $5B is likely the amount Tesla needs to complete the buildout of Gigafactory Texas, which was their only capital project which was not already fully funded (Giga Shanghai is non-recourse local debt from Chinese banks, and Giga Berlin is funded by €2B FCA Carbon credits).
The shorts and other cheaters didn't just hand over $5B to Tesla; they bought Tesla a
MONEY PRINTING MACHINE the size of Texas.
Cheers!