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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Separate and apart from the settlement, Elon has notified Tesla that he intends to purchase from Tesla, and Tesla expects that it will issue and sell to Elon, $20 million of Tesla’s common stock during the next open trading window at the then-current market price.
no idea
but, one good thing;
my daily PnL gets messed up on ex-date when splits are on monday, or following a holiday, (i’m at IB, and i’ve heard others complain about this at Fidelity and TD, etc)
however, PnL is generally accurate when the split happens during week (or within consecutive trading days). whatever the cause, let’s see if the statement holds true.
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also…i’m sure we’ll see delays for some getting their split shares.
and again, this mainly has to do with foreign account holders who are customers of brokers that are not direct participants of NSCC and DTCC, or just poor service.
….they usually wait until they receive the shares from their broker/custodian. i don’t know what prevents them from providing the same service as an IB, TD, Fidelity, for example…but who knows.
the fact of the matter is this…NOBODY on the street will receive their ACTUAL settled shares until at least Monday 8/29. this is the day that DTCC is allocated the split shares from the issuers agent. (the issuer being Tesla, their agent Computershare). DTCC then credits all of its participants. some participants custody for these foreign brokers, so it’s up to them, and then the next entity, to disburse accordingly down the chain.
while it’s true that i, being a customer of IB, will see my position increase 3x on the open of 8/25 (the effective date of the split) my broker will not posses these extra shares until eff+2 or monday 8/29. (forward splits 95+ percent of the time allocate to the street on eff+2)
some will complain of conspiracy theories about this. but that’s the process.
the timeline goes
- record date (meaningless in an electronic trading world)
- due bill period (see above)
- effective date (technically dividend terminology is ex-date - the date the exchange trades “ex-dividend”
- ex+1 (the end of day position dtcc and issuer use to calculate the allocation quantity per dtcc participant)
- allocation date (for forward splits usually ex+2)
Yup, you're right on the $20m.
Here is the filing
Which confirms Elon is subject to a trading window.
I think that was the window for purchasing newly issued shares from Tesla (fixed timing aligned with employee comp plan).
But that is the next window for Tesla selling new shares, it has nothing to do with Elon trading on the open market.
It absolutely does have something to do with Elon...
A trading window clearly exists here and that is specifically to stop trading on non public information. Elon cannot sell the day before earnings without a 10b5-1 plan.
yep
example:
i, a lowly self-directed peon was subject to “company mandated” (NOT SEC) blackout trading periods (with regards to trading my company’s stock - not other securities)
but directors/steering didn’t have such blackout periods. the caveat being they cannot trade themselves, someone had to manage their trades for them.
this doesn’t mean tesla does the exact same thing…but likely similar
damonbrodie
Member
Not sure why you would say 25 years. Cars don't last forever and 12-15 is very reasonable relative to how long cars are typically on the road.
Could be - or he could be sandbagging the news in light of AI day. He really really wants to protect the news that will be shared on that day.
Again - I suspect that this will be handled on AI Day
There are plenty of reasons to worry about any particular date for FSD. I'm also sitting on the fence for FSD.
They keep guiding to EOY ( Q meeting and annual meeting). On the plus side Panasonic is also ramping 4680s so there is another avenue for them.
Elon is clearly holding back on AI Day and he's super excited about it. I'm hoping he will knock it out of the park and have something very substantial to say on FSD and Dojo.
Want to add my 0.02 on the next Giga.
If I'm going to put my money on it, I am going to bet it's in South America somewhere.
Bolivia/Argentina/Chile form the lithium triangle there, so, it'd make sense to get some cell producers, or even just do it in-house for cell production down there.
I just came back from a month long trip to South America. It's a huge untapped market. Every day I go on the street, there isn't a single EV in sight... anywhere.
So, if Tesla gets Model 2/A design ready... which the most sensible idea would be a smaller Model 3/Y, the potential is huge down there.
If I'm going to put my money on it, I am going to bet it's in South America somewhere.
Bolivia/Argentina/Chile form the lithium triangle there, so, it'd make sense to get some cell producers, or even just do it in-house for cell production down there.
I just came back from a month long trip to South America. It's a huge untapped market. Every day I go on the street, there isn't a single EV in sight... anywhere.
So, if Tesla gets Model 2/A design ready... which the most sensible idea would be a smaller Model 3/Y, the potential is huge down there.
M
Maybe we should put Andrew Yang on the board?
Artful Dodger
"Neko no me"
Although I don't disagree that South America may be an untapped market, that's not really how the decision will be made. Tesla will be looking to build factories in proven markets with all the necessary inputs required for a sustainable factory. I don't see them pushing into new markets with factories.
I think Elon has made it very clear that they won't build a GigaFactory in a country that doesn't already have a proven market for Tesla. So that means that they have to already have a presence there with stores, service centers, Superchargers, etc.
So if you want to figure out where they would put the next one look for a country that is importing a lot of Teslas and isn't really close to an existing GigaFactory... (I don't know maybe somewhere like Canada, UK/Australia, etc.)
Elon: What to do with mass unemployment? This is gonna be massive social challange. I think ultimately we will have to have some kind of universal basic income. I don't think we are going to have a choice. I think it's gonna be necessary.
What is Universal Basic Income?
careful with the record date though everyone
you can hold tesla as of close of business on 8/17. then sell it anytime after up until close of business on 8/24 (the day before ex date) and not be eligible for split. (that’s what the due bill period is meant to track)
i’m unsure if that archaic language is kept that way just to confuse people, or if there’s some legitimate reason.
it’s simple. if you own or even just purchase shares by close of 8/24, (basically by trade date 8/24) you’re eligible for split
Captkerosene
Member
Not sure why you would say 25 years. Cars don't last forever and 12-15 is very reasonable relative to how long cars are typically on the road.
I've been looking at the battery decay charts and extrapolating out some of the numbers. I think I didn't account for the "failures" that batteries suffer from enough. (Shorts etc.)
They keep guiding to EOY ( Q meeting and annual meeting).
This looks like a case of not updating the plan until after the goal is missed. See: FSD.
Elon is clearly holding back on AI Day and he's super excited about it. I'm hoping he will knock it out of the park and have something very substantial to say on FSD and Dojo.
I agree, but smoke is smoke and there is a saying about counting chickens for a reason.
The time before UBI is established and optimus taking away massive amount of jobs is the time of mass social unrest. People are usually not very proactive with these type of things. I mean look at climate change...we are still a bunch of people sitting in a burning house thinking it's fine.
I think there will be more incentive to massively attack Tesla if it's the major cause for job loss than to establish some kind of UBI.
@MP3Mike
Due to the tie in to it being new shares, that 8K and his direct purchase of $20M from Tesla on November 9th does not neccessary inform us regarding an open market trading window.
However, his independent purchase does lend credence to such a blackout window. Elon purchased $10M in shares October 29th on the open market without a plan. This would be the first trading day following a theoretical two day blackout after the Q3 2018 earnings. Not conclusive, but supportive.
One could pull all the 4-Fs to check.
SEC FORM 4
SEC FORM 4
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