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TSLA Market Action: 2018 Investor Roundtable

Discussion in 'TSLA Investor Discussions' started by AudubonB, Dec 30, 2017.

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  1. sundaymorning

    sundaymorning Active Member

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    Please tweet the SEC, there’s a lot of support for Elon and Tesla so far, but we need as much as we can get. Click on the link and tweet away.
     
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  2. paulch

    paulch Member

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    Love what you said. Sometimes, I feel Elon resembles the Leeloo character in the movie "The fifth element", he wants to save human being and the earth, though the greed and hates of human being disappoints him from time to time, but he still does not lose faith in humanity. Let's show more love and support to Elon, as love is the fifth element.

    All in Tesla!

     
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  3. Singuy

    Singuy Active Member

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    Ha, Leeloo is the name of my Model 3
     
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  4. Artful Dodger

    Artful Dodger "Ducimus, lit"

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    People laugh, but when Henry Ford announced his retirement and put his son Edsel in as CEO, F tanked and ol'Henry bought up all the shares for pennies on the dollar. Then he took Ford private on the cheeeap. Ford didn't return as a public company for decades.

    And Elon frequently refers to Ford and Tesla as the only 2 auto companies not to go bankrupt in the last 100 years.

    Jus' sayin'. He could play rough, take his fooze ball and go home. This is not a new opinion, I considered this possibility before I took my first equity stake in TSLA.
     
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  5. Singuy

    Singuy Active Member

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  6. gluu

    gluu Member

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    It may be the case that the Saudis have a vested interest in vouching for Elon.
     
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  7. Artful Dodger

    Artful Dodger "Ducimus, lit"

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    Good idea! Let's organize a Million-Tesla March on Washington. There's 200K Tesla cars in the USA as of July, 5 seats per car is a million Elon supporters. And 22K more Cars being added to the fleet each month.

    Let's roll on the Capitol, and create the biggest demonstration in the history of Washington.

    ( then we'll use autopilot to send them all to Rhode Island ;) )
     
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  8. Matias

    Matias Active Member

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    Or Elon Musk with a fake moustache and name tag “not Elon Musk”
     
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  9. Singuy

    Singuy Active Member

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    If you read the complaint, it's not about "funding secured". It's about "420". The Sec is making a case that Elon didn't talk to his Funding about the 420 price. Sec, however, detailed that the Funding have told Elon that he can take Tesla private within a reasonable amount. Because Elon didn't discuss with Funding about the 420, and he just assumed that it's an reasonable amount...that makes his tweet "misleading" or "false".
     
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  10. Artful Dodger

    Artful Dodger "Ducimus, lit"

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    So did Thursday's after-hours session trigger the uptick rule? Thanks!
     
  11. oneday

    oneday Active Member

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    No, after hours trading does not trigger the rule. If the SP opens 9:30am est down 10% or more from Thursdays close, then the rule will be in effect until market close Monday.
     
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  12. phil0909

    phil0909 Member

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    It's about both. You can't secure funding in an unknown amount. To claim secured, Elon would have had to discuss the amount, among various other terms and specifications. The complaint makes this clear.
     
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  13. phil0909

    phil0909 Member

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    You guys all free on Tuesday?
     
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  14. Singuy

    Singuy Active Member

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    In most cases yes. In most cases you don't get a blank check like Elon here either.
     
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  15. Compton

    Compton Member

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    So it's about funding secured for 420/share? Any real difference? The main point is that the "considering" statement has no relevance.
     
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  16. jschwefel

    jschwefel VIN #1249, aka “Frank”

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    Thanks for this! I did my part. Also, I’m up for a march on Washington; I’m always looking for a good reason to make a road trip.:D
     
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  17. Singuy

    Singuy Active Member

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    #39837 Singuy, Sep 27, 2018
    Last edited: Sep 27, 2018
    Everything is relevant. "Considering" makes the taking private not certain. Funding secured is a true statement, 420 is debatable.
    He had a blank check, so funding secured..can he write a check for 420?..that's debatable. Elon thought this is an "reasonable" amount per instructions from Funding. Since he thought he can, then there's no intent to defraud.

    There's more standing on the "only thing not certain is contingent on shareholders vote". This is way more misleading than his original quote. Of course there are plenty of ways to fight that as well. Elon is a shareholder, he did talk to shareholders. Everyone at the end including himself thought against the idea so the statement he made was certainly true. The misleading part is that perhaps people assumed everyone would agree to the idea so the only thing keeping this from happening is some paperwork.
     
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  18. BioSehnsucht

    BioSehnsucht Model 3 LR

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    I'd feel bad for anyone on margin, but... anyone remember Feb 2016? :D
     
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  19. BioSehnsucht

    BioSehnsucht Model 3 LR

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    I'd argue that not only can they not put the entire run up on Elon, that the continued run up was at least partially a continuation of more people getting the Saudi news - it had already restarted the climb before the tweet came out, IIRC. So they can't even claim that everything after the 4.7% was on Elon. And that high didn't last very long, it was falling like a rock again in about 2 days and the fall continued for almost a week after that.
     
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  20. Compton

    Compton Member

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    #39840 Compton, Sep 27, 2018
    Last edited: Sep 27, 2018
    He has the right to consider whatever he wants. He doesn't have the right to make misleading statements.

    Compare Trump saying that he's considering military action against Iran vs him saying that the Congress is backing him on this. Using the term "considering" here wouldn't justify the false claim about the congress.

    And yes, I know that Trump indeed does say misleading things and it's just too bad that he isn't held responsible for them.
     
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