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If I have one wish, it's that Berkshire takes a piece. I don't care much for Warren / Charlie, but It will blow the minds of so many short sellers that call themselves value oriented, that the ensuing pandemonium would be hilarious.
sub
Active Member
I’m not picky, set em up and my boy will knock em down.
That would be great, but it isn’t their kind of company. Stock price is too high for them.
Agree. It's a good hedge for their oil / auto interests though. And supremely cheap as an insurance.
It's still on the Tubes. They just blocked embedding--you have to click through to watch it on the YouTube site.
Note also that Ben Kallo is against the privatization at the $420 price. Thinks the board should come back saying a higher offer would be necessary.
Great interview, IMO.
EarlyAdopter
Active Member
I thought it was interesting to hear Kallo comment that he's not in favor of taking Tesla private, particularly on the cusp of going cash flow positive. I disagree. I think this is the last chance we'll see to take it private, before they go cash flow positive and the valuation adjusts upwards accordingly. Right now Tesla is trading at a significant discount to where it will in the future, once that outcome is realized. That's the right time to take private, with investors who believe in that outcome, at a discount. 12 months from now it'll be too expensive.
Not if it's in my IRA. Have never paid Cap Gains there ever... unless I have to pull it out somehow to exchange, then ouch! I'm sure IRS will want their cut. Worth a CPA visit at least to know more, thanks for getting that thought going.
bdy0627
Active Member
I wouldn't hold your breath on it. They buy stakes in companies way after they have profits and dividends. Maybe in 10 years?
tinm
2020 Model S LR+ Owner
Confused: I've bought and sold stocks within my IRA and never taken the cash proceeds out of the IRA; always used them to buy more TSLA. Never had a taxable event yet, since the cash from the non-TSLA stock sales (for which there were gains) never left the account.
So if for some reason if/when Tesla goes private all one's TSLA shares in an IRA must be converted by first being "sold" and then the private shares "bought" within that IRA, the cash never leaving the account, why would that be a taxable event?
It’s interesting legacy media outlets put on a hedge fund manager that has a significant investment in coal, allegedly 50% of fund, to bash Elon and Tesla without a disclosure of this fact.
It’s like not disclosing your guest who says Coca Cola is a fraud, has 50% fund stake in Pepsi.
Tesla Energy is a competitor of coal as is the rest of solar and energy storage industry.
Solar is the fastest growing new energy capacity builder in the USA. Coal is going in the opposite direction.
But yet networks don’t see it fit to announce this as their audience is forced to listen to this long coal investor attack on Tesla.
It’s like not disclosing your guest who says Coca Cola is a fraud, has 50% fund stake in Pepsi.
Tesla Energy is a competitor of coal as is the rest of solar and energy storage industry.
Solar is the fastest growing new energy capacity builder in the USA. Coal is going in the opposite direction.
But yet networks don’t see it fit to announce this as their audience is forced to listen to this long coal investor attack on Tesla.
I'm siding with you, optimistically cautious though. It's probably no difference from when I "rolled over" the 401K into my Ameritrade account. That wasn't a taxable event either. Crossing fingers that this is like another roll-over event.
Esme Es Mejor
Member
I agree with Kallo that I’d like Tesla to remain public & that the suggested price is too low. Not way too low— a 20% premium is reasonable, but so is a 30% premium ($455).
That said, Tesla is going private. Either that, or Elon won’t be staying much longer as CEO. He hasn’t said it explicitly, but he’s made it clear he doesn’t want to be the CEO of a public company.
I beleive it was @Reciprocity who first called things pretty correctly, so props for that.
Elon, in fact did not "set a floor" at 425. He set the ceiling. He capped shorts losses. Funny, I never felt by holding LEAPS, I was taking too high a risk. While several are below 420, lots were in the 450-500 range . Between Tesla's growth, and ability to roll, it seemed rather safe.
As I missed the initial announcement day, I held my LEAPS, in hopes of a squeeze. Just sold them all for 50-80 per cent losses. That just plain sucks for a company that is "going to be profitable in Q3 and Q4".
IF, and that is a capitalized IF, the deal goes through, my other leaps below 420 should rebound, as with some shares.
There will be no squeeze. There is no one who "wants in" that will not buy at 330. There is no major fund that wont sell for 426 if the stock goes up, creating that aforementioned ceiling. Also (discussed with a hedge fund manager acquaintance ) it seems if you hold a short position, you can wait until you cover until after deal goes through, thereby him noting " he would never pay above 420". Why do I believe him...well simply, I do not have a three level hot tub, or even a hottub for that matter, he does, and its awesome.
So essentially, I strongly feel. ..
1. deal gets approved, and stock goes to 420.
2. deal does not approved, and stock goes to 300.
3. No squeeze.
Deep in my imagination, I like to feel that this is all part of some crazy hatched plan, and the stock will shoot up when revealed... but my gut tells me Elon acted impulsively.
So I sit here with my cognitive dissonance amplified. Tesla's master plan was to help save the world, and now they are making at least questionable decisions on future partners to do that with. (Pro-government Saudi Twitter account shares image of plane flying toward CN Tower amid spat with Canada | The Star) The first time in five years I questioned Elon's decision making ability was after his 'pedo' twitter comment. Now he called for the "short burn of the century", and not only that but when questioned about it , stood by his comments. Yet he inadvertently completely and utterly extinguished any possibility of that happening by capping short's losses. To make matters worse, he hurt some longs (yes I realize lots here think those who hold LEAPS are not true longs, and just gamblers) , and will be forcing out others (use whatever term you want, but intentional or not it is fact that some have to go). All for what? To not file a quarterly report? Is it that hard not to listen to FUD? To drive out shorts? which would of been driven out anyhow if your words hold true of profitable quarters ahead? Seems like Elon knows something we do not. Maybe he thinks he cannot keep his promises of profitability? Maybe he is tired and getting burnt out? Either way, while before I had 100 per cent trust in Tesla and its CEO, now I do not.
Elon, in fact did not "set a floor" at 425. He set the ceiling. He capped shorts losses. Funny, I never felt by holding LEAPS, I was taking too high a risk. While several are below 420, lots were in the 450-500 range . Between Tesla's growth, and ability to roll, it seemed rather safe.
As I missed the initial announcement day, I held my LEAPS, in hopes of a squeeze. Just sold them all for 50-80 per cent losses. That just plain sucks for a company that is "going to be profitable in Q3 and Q4".
IF, and that is a capitalized IF, the deal goes through, my other leaps below 420 should rebound, as with some shares.
There will be no squeeze. There is no one who "wants in" that will not buy at 330. There is no major fund that wont sell for 426 if the stock goes up, creating that aforementioned ceiling. Also (discussed with a hedge fund manager acquaintance ) it seems if you hold a short position, you can wait until you cover until after deal goes through, thereby him noting " he would never pay above 420". Why do I believe him...well simply, I do not have a three level hot tub, or even a hottub for that matter, he does, and its awesome.
So essentially, I strongly feel. ..
1. deal gets approved, and stock goes to 420.
2. deal does not approved, and stock goes to 300.
3. No squeeze.
Deep in my imagination, I like to feel that this is all part of some crazy hatched plan, and the stock will shoot up when revealed... but my gut tells me Elon acted impulsively.
So I sit here with my cognitive dissonance amplified. Tesla's master plan was to help save the world, and now they are making at least questionable decisions on future partners to do that with. (Pro-government Saudi Twitter account shares image of plane flying toward CN Tower amid spat with Canada | The Star) The first time in five years I questioned Elon's decision making ability was after his 'pedo' twitter comment. Now he called for the "short burn of the century", and not only that but when questioned about it , stood by his comments. Yet he inadvertently completely and utterly extinguished any possibility of that happening by capping short's losses. To make matters worse, he hurt some longs (yes I realize lots here think those who hold LEAPS are not true longs, and just gamblers) , and will be forcing out others (use whatever term you want, but intentional or not it is fact that some have to go). All for what? To not file a quarterly report? Is it that hard not to listen to FUD? To drive out shorts? which would of been driven out anyhow if your words hold true of profitable quarters ahead? Seems like Elon knows something we do not. Maybe he thinks he cannot keep his promises of profitability? Maybe he is tired and getting burnt out? Either way, while before I had 100 per cent trust in Tesla and its CEO, now I do not.
The bear argument would say that as soon as they go cash flow positive, the P/E ratio would be atrocious and negatively affect the stock. Always something. I say take it private sooner rather than later.
Chickenlittle
Banned
Sorry for your losses. Options are very risky if you weren't aware of that then you did not belong trading them. I think that has tainted your opinion and clouded your judgement. Your leaps had huge time premiums which made them more risky. Good luck on future investments and consider staying away from options.
Uh? I was on vacation from august 5 until yesterday, mostly sitting in a kayak and having no access to a mobile network. Did something happen in the meantime? Anyway, i should probably close my position right away tomorrow morning. Thanks for the warning!
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