My WAG is that he wanted everyone (including Twitter) to know that he wasn't hurting for funds, so anyone who might think that Elon wasn't purchasing Twitter has it wrong.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Artful Dodger
"Neko no me"
This is a false narrative foisted by TSLAQ lackeys. And the S&P 500 inclusion variant too.
Krugerrand
Meow
I didn’t say there was harm in acknowledging. I embrace acknowledging, clearly.
I’ve been acknowledging the bs all along. That’s not what you’re doing.YOU posted that institutional investors have lost confidence in Elon because of his recent stock selling and thus that’s why they are selling today.
Unequivocally, that’s a made up, fictitious line of bs and has nothing to do with acknowledging anything, so kindly don’t move the goalposts of the conversation.
Any institutions selling today, did so to make money from the volatility churn they are their buddies are responsible for creating and you enable it all by making up stories and/or repeating the stories they make up.
But hey, by all means name the names of the institutional investors you Zoomed with this morning, who told you that’s why they were selling today. Because I’ve actually talked to some of these people and they are lying sacs of Etrons.
Because he doesn't need/care to nickel & dime it, but wanted to get the sell out of the way at the earliest possible opportunity to minimise the impact
MountainRatMat
Member
That's not how it works. Elon's shares were bought by someone else so there is still ownership of those shares. With normal buy/sell stock transactions there is a seller of the share and a buyer of the share. What you are talking about would be a stock buyback but Tesla has not bought back any shares.
For the stock split there will be additional shares issues (with no owner). When the split happens each current owner of a share will be given those additional shares that are un-owned.
Today is an assumption of mine based off patterns of Elon selling before, fair.... But here's the thing... We've seen it play out over the past 9, 12, 18+ months this way. And we can actually see this in the fact that institutional ownership in Tesla keeps trending down despite numerous reasons it should be up. As a percentage of outstanding shares (that's outstanding, not total) Tesla has decreased in institutional ownership from 63.99% in June 2020 and 54.91% in December 2020 to 49.33% in June. On total shares the last required filings had it 41.98% and the estimated with the known sales and buys has it currently at 40.64% (with a net outflow of 800k shares recently). The number of holders has dropped from nearly 2700 to under 2300 now (EDIT: read this one wrong it is about 2500, a little more... 2300 buyers in the last 12 months). In Q2, the inflow was 2.1b, but the outflow was 2.4b.I didn’t say there was harm in acknowledging. I embrace acknowledging, clearly.
YOU posted that institutional investors have lost confidence in Elon because of his recent stock selling and thus that’s why they are selling today.
Unequivocally, that’s a made up, fictitious line of bs and has nothing to do with acknowledging anything, so kindly don’t move the goalposts of the conversation.
Any institutions selling today, did so to make money from the volatility churn they are their buddies are responsible for creating and you enable it all by making up stories and/or repeating the stories they make up.
But hey, by all means name the names of the institutional investors you Zoomed with this morning, who told you that’s why they were selling today. Because I’ve actually talked to some of these people and they are lying sacs of Etrons.
There is a lot data out there that institutional ownership in Tesla is dropping.
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TheTalkingMule
Distributed Energy Enthusiast
This may work out fine, but remember these ALL (afaik) reset daily. Which means you won't see a 1.5x return outside of an intraday trade.
Be careful with these new single stock ETFs one and all!
While I hate to post articles from SA, this is a very informative and quite positive one regarding Tesla battery successes down under, definitely worth a read:
seekingalpha.com
Edit: My apologies, already posted by JRP3... but we can't get enough of good news, even if it's from SA...
Tesla Big Battery In South Australia Delivers Again (NASDAQ:TSLA)
Tesla Lithium batteries are now validated by Australian Energy Marketing Authority for grid-scale inertia services. Read what this means for TSLA stock.
seekingalpha.com
Edit: My apologies, already posted by JRP3... but we can't get enough of good news, even if it's from SA...
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The shareholder meeting authorized the necessary share count.
The only share requirement I know would be to have over a billion to be in the DOW. As an industrial index TSLA should most definitely be in the DOW as the most important industrial company in the world, but the DOW has other stupid requirements like what the share price is, so who cares.
There are no requirements on anyone to sell shares because of the split.
MountainRatMat
Member
Follow @EveryElonReply on Twitter and you will get them all.
Not all bots are bad
If you're thinking that Elon is doing anything that isn't 100% focused on the mission of sustainable energy/transport and becoming a multi-planetary species, then you'll have huge wake up calls at any given moment...as he is helming companies which are disrupting $10+ trillion in energy, transportation and communication. You think they'll release their hold on that revenue/profit easily or without a dirty long fight?
He does make mistakes, he does react emotionally from time to time, he is hugely optimistic about creating the impossible and is classifiable as a human (contrary to popular belief)...a uniquely extraordinary one.
After about 10 meetings with him over the course of 2 months, I came to realize that he is WYSIWYG (What You See Is What You Get) and nothing more than the above.
He does make mistakes, he does react emotionally from time to time, he is hugely optimistic about creating the impossible and is classifiable as a human (contrary to popular belief)...a uniquely extraordinary one.
After about 10 meetings with him over the course of 2 months, I came to realize that he is WYSIWYG (What You See Is What You Get) and nothing more than the above.
lafrisbee
Active Member
Musk is responsible for EEEVVVEEERRRYTHING! He caused that too.
EDIT: 2daMoon ninja'd me.
TheTalkingMule
Distributed Energy Enthusiast
It was posted a page or two ago. And I'm pretty sure this story itself is a couple months old.While I hate to post articles from SA, this is a very informative and quite positive one regarding Tesla battery successes down under, definitely worth a read:
Tesla Big Battery In South Australia Delivers Again (NASDAQ:TSLA)
Tesla Lithium batteries are now validated by Australian Energy Marketing Authority for grid-scale inertia services. Read what this means for TSLA stock.
SA must just be "picking up on it now" for some convenient and no doubt monetized reason.
No SA links is a good guideline!
Turning out to be a good one! Thanks to everyone at Tesla and TMC for working so hard to keep me fully TSLA vested.
Let's Go!
A quick look at the prospectus shows that they target 150% returns using leveraged products. I imagine they hold a mix of shares and options and they manage the options delta during the day.
"That leaves $22.4 billion he’d need to fund the remaining equity commitments, assuming his partners don’t back out. Musk hinted that this is “hopefully unlikely,” but if they did it would leave him on the hook for $29.5 billion."Good summary of the Wall St narrative on Elon's sale and twitter overhang on Tesla shares
Elon Musk’s Cash Needs Under Fresh Scrutiny After Big Tesla Sale
The Tesla CEO has about $18 billion of cash after his latest share sales, Bloomberg estimates show, short of what’s needed to cover the remainder of his Twitter deal.www.bloomberg.com
TheTalkingMule
Distributed Energy Enthusiast
Are you people just trying to make @Krugerrand crazy? Because I don't think we want to see a cat clawing at the ceiling and scratching people's eyes out.
Elon stated this last sale was for a contingency where the sale got forced AND investors backed out. This "article" mistakenly implies he'd need to run out and sell $22.4B in additional shares. That is clearly not the case.
To me , seeing Elon selling stock is a good thing. Please remember that he has minimal income and finances his life with loans. By now this has to be a huge overhang on his financial situation. Personally, I don’t think he needs to control such a high percentage of the float to protect Tesla anymore, so moving to a more conservative financial position is prudent, both for him and for Tesla. Also, remember that he is restricted from disclosing sales other than by the legal channels proscribed. As for me, I will be happy to see him making more sales in the future to reduce his loan balances. As for all the furor, “ An asset is worth what you can sell it for on the day you absolutely have to sell it” Bernard Baruch.
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