I've been thinking a bit about our mystery stock buyer or buyers, who made the stock surge into the $290s yesterday and provided unexpectedly strong, consistent price support today. And I'm wondering if it is a Chinese entity.
What is it that China has consistently tried and failed to achieve with its auto industry? Answer: a brand that westerners will buy. Tesla is such a brand - and one consistent with their cleantech policy goals. And its stock can be bought up, either to take private or simply to have a large ownership / voting stake. Tesla in effect being a Chinese-American multinational (lots of examples of that sort of thing in the automotive world)
We've also talked a lot about how wonderful it is that Tesla has gotten such favourable treatment in China. But it's also rather... well,
weird. Musk treated like a dignitary? Ridiculously good loans? Hugely accelerated schedule on everything? Fully owned by Tesla? I've heard some people find it so suspicious that they assume GF3 is a ruse for China to steal Tesla's tech. If, however, those who've been so supportive of Tesla are also connected to those acquiring the stock, suddenly it makes a ton of sense.
When did all of this refocus on China start? Fall of last year. Right after Musk's privatization attempt failed.
Just throwing out a random conspiracy theory
I have absolutely zero evidence behind this.