Wow, unbelievable. Stock opening down at the open. Investors are like sheep, believe whatever the crap CNBC is saying I guess. Today, y’all get to look into the mirror and ask yourself, do I have steel balls or not?
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X Fan
Active Member
+1...Saudis are not the model Government.....their ownership of TSLA would be a disaster.
jeewee3000
Active Member
Exactly.
I do not get why anyone would sell at these levels, except maybe to turn that cash into leverage ASAP.
Not to hijack ...but the SA will need MAJOR changes before they approach any kind of Modernity. No more hands cut off Equal rights for women and gay's just to start.
No, addressed means a solution had been found and was acceptable, otherwise the word would be "investigate" or "discuss"
Are you counting registered debt holders? Asset Line creditors?
I haven't finished reading, but $420/share is well above "par" share price for all TSLA convertible notes (nearly $3.3 billion principal outstanding).
"
If: ... we are a party to a consolidation, merger, combination, statutory or binding share exchange or similar transaction involving us pursuant to which our common stock would be converted into, or exchanged for, cash, securities or other property or assets, or any sale, conveyance, lease or other transfer or similar transaction in one transaction or a series of transactions of all or substantially all of the consolidated assets of ours and our subsidiaries, taken as a whole, the notes may be surrendered by a holder for conversion at any time from or after the date that is 30 scheduled trading days prior to the anticipated effective date of the transaction (or, if later, the business day after we give notice of such transaction) until the close of business on the 35th trading day after the actual effective date of such transaction or, if such transaction also constitutes a fundamental change, until the close of business on the business day immediately preceding the relevant fundamental change purchase date.
Causalien
Prime 8 ball Oracle
Gambling shares. No more than 1%. For me this is just a play on potential short squeeze by margin call.
My assumption is just the opposite. I assume the financers of the deal are the Saudi’s. They wanted a significant chunk of Tesla (either as diversification, or maybe just because they also have big chunks of the other car manufacturers iirc) and couldn’t get that as part of a capital raise. Now that they have their 5%, they may want everything else that they can get at 420. Elon visited the Saudi’s not so long agoo iirc, this may have been the plan all along and explain Elon’s certainty about exterminating the shorts.
tinm
2020 Model S LR+ Owner
I don't disagree with Elon much, but if his plan here is to use Saudi money for this then I VEHEMENTLY SAY NO. This is an awful idea.
ruralectric
Member
Good morning all.
The spike you are seeing this morning is because I recalled my quadrillion shares from the share lending program.
You're welcome.
The spike you are seeing this morning is because I recalled my quadrillion shares from the share lending program.
You're welcome.
So if the purchasing were not organized as a group, and each member were <5%, it is kosher?
Agree, the shorts will need to push the price up, I'm hypothesizing there is insufficient float to cover..
Causalien
Prime 8 ball Oracle
We need norway's wealth fund to step in.
Krugerrand
Meow
No. Just no. Unless of course you want to be like so many others where it’s all about the money. Big picture. Please. And thank you.
Ugh. If it's the Saudis I don't know what I'll do -- I don't want to sell to them and I don't want to be a minority shareholder with them running things. :-( Also, it would have to pass CFIUS.
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