But he had already put in the offer to Buy Twitter, and someone knew he was going to be selling. Just because we don't have the info, doesn't mean some dirty rats don't know....
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Since macros are flat for the week, TSLA will now commence to return to $980 where it was 5 days ago.
Right?
Right?
Wrong meme.Since macros are flat for the week, TSLA will now commence to return to $980 where it was 5 days ago.
Right?
But macros are sadly red today in premarket.. :/
I wonder why Elon didn't sell some of his SpaceX holdings. I'm sure there would be eager buyers for that and he wouldn't have to sell as much TSLA, if any.
And what did that get him? Huge thanks from Sanders and Waren? No, he got tons of abuse. No reason for him to pay extra taxes again.
How do you know he didnt? They aren't public so - to my knowledge - there are no reporting requirements on him. He could sell every share he has and not report anything.
Krugerrand
Meow
@Max Plaid said: I think the issue here isn't the selling, but rather the mechanism and frequency... why crash the SP when this could have been facilitated though the banks or dark pools?
1. Elon wasn’t sitting on the toilet pushing the sell button on his phone APP all day.
2. Someone did it for him and Elon paid for them to do it.
3. Someone followed his instructions how to do it - ie., get it done asap.
4. That someone has a big mouth and told all their friends, who told all their friends, who all then executed a bunch of plays in conjunction with the sales so as to make as much money as possible for themselves.
5. All those people are laughing at us while sipping champagne and eating caviar.
I’ll give you one guess who those people work for.
1. Elon wasn’t sitting on the toilet pushing the sell button on his phone APP all day.
2. Someone did it for him and Elon paid for them to do it.
3. Someone followed his instructions how to do it - ie., get it done asap.
4. That someone has a big mouth and told all their friends, who told all their friends, who all then executed a bunch of plays in conjunction with the sales so as to make as much money as possible for themselves.
5. All those people are laughing at us while sipping champagne and eating caviar.
I’ll give you one guess who those people work for.
StealthP3D
Well-Known Member
How is that going to help retain all the new hires at the two new Gigafactories and provide them with an economic reason to stick around a number of years and make a career of it? He wants the factories to hit the ground running and keep running long into the future. Optimus will not be ready in time to solve labor challenges at these huge new factories in the medium term.
Elon is a "big picture" kind of guy, and he likes to accomplish multiple things with a single stroke and move onto bigger things. He knows any impact to share price will be transitory in nature. He's not the kind of guy to tiptoe around while he sells his shares in dark, secret shadows to get every last dollar out of the transaction for himself and screw over his loyal employees. Open public markets exist for a reason and the normal ebb and flow of the price is as natural as the supply and demand of the shares.
Be aware that when selling billions of dollars worth using dark pools it is necessary to reduce the price substantially in order to move that much stock but that is not reflected in the "official" share price. I think Elon is a straight-forward guy and figures the open public markets exist for a reason, they should function as intended. It's actually a subversion of open markets to do large transactions off the books and away from the very markets that you and I have to use.
One additional note: I would not be surprised to see one last "hurrah" attempt by those who are disappointed Elon's selling has ended to keep the share price down. They might figure this will send a powerful message that it's the actual company that is weak, not just a temporary downdraft caused by Elon needing to raise billions in cash and de-risk his Twitter purchase going forward. Any weak hands still holding a portion of their stake could become unnerved and give up their shares.
This could be difficult to pull off if there is unprecedented buying pressure but don't for a minute think they wouldn't try as it really would send a powerful, even if false, message. They don't want this downdraft to be any more temporary than absolutely necessary! Stay strong!
As I recall, several months ago Elon was less than enthusiastic about SpaceX financials. They are building out Starlink along with Starship and the associated launch infrastructure at the Cape and Boca Chica. He may see the need for infusing some of his holdings back into the company.
2daMoon
Mostly Harmless
THE SKY IS RISING!!!!
THE SKY IS RISING!!!!
(sort of a reverse Chicken Little, seemed apropos)
THE SKY IS RISING!!!!
(sort of a reverse Chicken Little, seemed apropos)
Max Pain for tomorrow(will get updated in morning) currently sitting at $950.
Gonna be an interesting day
(share the pain with the MM's... thx Elon)
max pain now at 925
(magnet??)+MM doing the bidding
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bkp_duke
Well-Known Member
3 more Form 4's just filed:
Calculating, but he sold a LOT of shares yesterday.
EDIT - 5,230,000 shares sold yesterday by my math. WOWSERS!
Calculating, but he sold a LOT of shares yesterday.
EDIT - 5,230,000 shares sold yesterday by my math. WOWSERS!
Elon Musk sold around $8.4 billion worth of Tesla shares this week as he moved to buy Twitter
Elon Musk sold roughly $8.4 billion worth of Tesla shares, according to filings with the Securities and Exchange Commission.
www.cnbc.com
headline is sufficient
He has also on many occasions spoke of just making a decision and seeing if it was right. This is his approach to engineering and is likely his approach to business as well. He isn't going to mull over options on how to do something and be caught in "analysis paralysis". There is a lot to be said for this approach and has made him very successful in his engineering leadership (something that is lacking in much of the engineering world due to pressure from the business side). I know this as I've been in aerospace engineering for 16 yrs and see it every day. This is what gives him the ability to leverage his brilliant engineering approach into brilliant business management. This sale was likely that same approach and we'll see how it turns out but I do see it as a positive for the overall company due to many reasons like what was outlined for employee benefits. I don't know about you guys but I wish I was in the position to have the stock options that Tesla or SpaceX employees have.
StealthP3D
Well-Known Member
Shares only have "granularity" in terms of the cost of a single share when looked at from a very small-time retail player with miniscule financial resources. This is the reason often provided for splitting the stock. As soon as you move up the scale, not even to the "whale" level, the share price has no significant granularity. It is inconsequential. A pond filled with more smaller shares makes the same kind of waves as a pond filled with fewer, larger shares. It's a big pond.
ZachF
Active Member
WuWa is conveying this little short from Giga Shanghai - filmed by user Sunshine:
It's nice to see the factory again - and with visible activity.
Filmed on April 27th.
WuWa wrote:
It's nice to see the factory again - and with visible activity.
Filmed on April 27th.
WuWa wrote:
Artful Dodger
"Neko no me"
We got much-needed clarity on the selling TSLA to fund the blue bird situation. And now the bickering is worse than ever! I'm disappointed in you guys.
Lol, that makes us the Vegas Millionaires Club from Rat Race, and that makes you John Cleese. (u sure u wanna dox urself?)
Cheers!
Hopefully y’all stacked em deep and stacked em cheap during this little sale!
Deep enough into leaps to give me that really queasy feeling over the past few days. Those are always the best trades though, from my experience. The ones I lose money on are when I feel good about it. (often diversifying away from Tesla with profits and regretting it)
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