TSLA Market Action: 2018 Investor Roundtable

[Unpilot]

https://www.sec.gov/Archives/edgar/data/1318605/000156459018021585/0001564590-18-021585.txt

Cant read it ......formatting all jacked up. Can one of you smart legal minds decipher it for me?

 

[bdy0627]

Cant read it ......formatting all jacked up. Can one of you smart legal minds decipher it for me?

Tesla Announces Formation of Special Committee to Evaluate Potential Going Private Transaction | Tesla, Inc.

 

[matejpi]

Just save the file on your computer and rename it to *.html

 

[Lessmog]

Musk, based on his letter, seems to think about 60 million shares will be sold by people wanting/needing to be bought out at $420. More than enough to cover 35 million shorts. And yes, nobody is forgetting that the shorts exist, so if they think that they can make more money selling to them than to the Saudis, they'll do so - even if that means not getting a chance to vote their shares (the conclusion will probably be foregone by that point) or whatnot.

Also, by NOT selling now they get (if applicable, which I hope) a choice between conversion of their present shares into the new, private kind, OR a buyout from the financiers at 420. So it seems the only reason to sell to shorts now is if you need cash right now (respectable). Unless they elect to sell to shorts later for a higher price, but before the changeover, of course.

 

[NOLA_Mike]

Cant read it ......formatting all jacked up. Can one of you smart legal minds decipher it for me?

SEC Filing | Tesla, Inc.

 

[KarenRei]

Basic summary:

• We have a special committee to evaluate the transaction
• It won't be approved without their approval
• A formal proposal has not yet been received
• We can't make any promises about anything

 

[Unpilot]

So...it seems to say...we are looking into it. And will pay a bunch of lawyers to look into it.
Is that the gist?

 

[SebastianR]

Great to see this process move forward. Looking forward to hearing the FUD story of the day. What will it be now? I bet there will be even more FUD around shareholders rejecting the proposal (it would be a nice repeat from the SolarCity merger)...

EDIT: Arrgghh - I should just look at TMC without my ignore list on, then I would have known exactly what the FUD of the day was... Ok, never mind - moving right along...

 

[Electroman]

Chinese wall... Analyst departement has no clue what its M&A collegues are doing.

I have a Chinese wall I would like to sell you

 

[Boomer19]

Cant read it ......formatting all jacked up. Can one of you smart legal minds decipher it for me?

pasted the xml version. same as IR site

 

[replicant]

Nice predictive tidbit: Five days ago I mentioned Tesla may have a relationship with the Chinese state-owned banks... : teslamotors

 

[Krugerrand]

Here's my bonehead question: are you exited to have Goldman Sachs with a price target of 195 USD on board?

In the general spirit of things, no. But intellectually I know the $195 dufus isn’t the one who’s advising, so (still kinda no but I’ll get over it).

 

[X Fan]

I don't have the citation right now, but there were several articles about how a large number of Republican campaigns in 2012-2016, specifically, had been turned into fundraising shell games which were designed to benefit the candidate or the funder or the person organizing the PAC, and not *really* intended to win elections. There was an article explaining how a bunch of right-wing political organizations were basically just direct mail scams. So this may be another variant of the same thing.

It's a little sad to see how common this has gotten. (And no, it's not happening with any significant number of Democratic campaigns; I won't speculate as to why.)

Good point....however, I look at all political fund raising campaigns (both parties) as shell games (since for most of them it's about power and accumulating wealth while in office/post office vs. serving the people).

 

[Yggdrasill]

Explain this.

He expects a rubber stamp. I can't say he's wrong.

 

[Opus BC fan]

My news feed is trending positive. I think Elon's tweets yesterday and his blog post yesterday will help the SP trend positive today. FUD is losing effectiveness in my opinion.

 

[X Fan]

The Reuters article that shorts and bots are having a feeding frenzy over right now

Musk says Silver Lake, Goldman advising on taking Tesla private

Although in my view GS is a tainted firm, this is a smart move for Elon/taking next step to go private.

 

[bdy0627]

IMO, the only thing that Elon tweeted that clearly wasn't technically accurate was:

@elonmusk
Investor support is confirmed. Only reason why this is not certain is that it’s contingent on a shareholder vote.

It doesn't appear to be quite that simple, nor was it anywhere near that far along in the process.

 

[HG Wells]

Looks like another sideways trading day.

 

[Krugerrand]

Explain this.

No need to explain it to you, you already said you’re out. The remaining investors here inherently know that’s flufferbot text just to give those not intellectually smart enough to critically think comfort that nothing stupid will be allowed to happen regarding the transaction as a whole. It’s the committee’s job to work for the board and protect the board’s interests, which is Tesla. Works the same way on the other side of the aisle. But rest assured you’ll be relieved if your investment toute suite when the shareholders vote yes to privatization.

 

[bdy0627]

Looks like another sideways trading day.

As I mentioned yesterday, to break through $360 definitively is going to take some volume. It's not going to drift there.