X Fan
Active Member
As I noted earlier, no matter what happens there will be lawsuits. In America & regardless of merit, trial lawyers & liquidity events go hand in hand these days.
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
- Status
As I noted earlier, no matter what happens there will be lawsuits. In America & regardless of merit, trial lawyers & liquidity events go hand in hand these days.
I apologize if this mundane fact has already been pointed to, but Model3VINs tweeted that VINs are now above 95k.
Also, they literally assure us with as 'Funding secured'.
Also, they literally assure us with as 'Funding secured'.
Causalien
Prime 8 ball Oracle
Ya, probably need to set some limit orders on a bunch of stuff so i don't need to stare at the ticker all day.
Price is a blend of what the market estimates as possible outcomes. Let's say you think there is 90% chance the deal goes through and 10% it falls flat to bwank then the expected price is 90% of $420 plus 10% of $0. Total = $378
When will Tesla identify the funding source(s)?
Is Elon waiting for an opportune time when an announcement could bump the stock price up?
Is he thinking it's smarter to keep it secret, to keep the stock price low? You don't want the price too high when you're planning to go private.
Will regulators compel disclosure at some point? When?
Could this drag on for months, with some people believing TSLA is a guaranteed $420+, while others believe the funding is not secure, and no definitive answer other than a tweet and an internal email? Or will we likely know the funding source(s) later this week?
Is Elon waiting for an opportune time when an announcement could bump the stock price up?
Is he thinking it's smarter to keep it secret, to keep the stock price low? You don't want the price too high when you're planning to go private.
Will regulators compel disclosure at some point? When?
Could this drag on for months, with some people believing TSLA is a guaranteed $420+, while others believe the funding is not secure, and no definitive answer other than a tweet and an internal email? Or will we likely know the funding source(s) later this week?
No this is not true. This is seen as an exchange of securities and not a sale. It is not a taxable event. Kind of like have a convertible bond and converting it into common stock. Not taxable as you haven't sold anything. They will be exchanging your public shares for private ones. The more important thing to worry about is the marketability of the private shares. By definition you won't be able to see them on any typical statement from your broker (cuz they won't have them!) Initial thoughts (TBD later) is that they would let you sell or buy more though Tesla on a quarterly basis. Since it's no longer publicly traded you won't have any idea of what a good/fair price would be. I trust they will have a method that will seem right. That detail is not worked out right now. I don't intend to sell no matter what. Didn't want to come across as too negative. Just some of the differences between investing in a publicly traded company and being a part of a private one.
jhm
Well-Known Member
Toolsmack
Member
I remember the good ole days of 18 hours ago when this thread was all about model 3 ramp, FUD demand snickering. Seems like old news already
Thoughts on SEC inquiry reported by WSJ?
Johan
Ex got M3 in the divorce, waiting for EU Model Y!
Guess we're going to have to be patient and that some more "color" is needed before this thing takes off. Maybe information about which of Elon's Silicon Valley buds it is who are putting some of their fortunes in the pot? Maybe a joint venture? Just enough to light it up and make it blaze. Then we'll be of out the weeds and back in the green, smoke past 420 and go even higher. The shorts can't see the forest for all the trees, they'll be ripped apart, scurrying around like roaches. Yes, they'll find themselves in a very sticky, icky situation, trying to puff puff pass the buck to the next unlucky sucker but my hunch is that at the end of the day they'll end up burnt or even dankrupt.
Last edited:
shlokavica22
Member
To extend more on that.
The "quite" day suggest another outcome- ongoing negotiation between the Saudis and Elon. They are probably unwanted, but fighting them will lead to valuation that might be too much to handle. So the logical resolution will be to let them in.
That also explains why no new information came today.
Bordering on tautology. Of course the SEC sent an inquiry to Tesla. It'd be absolutely crazy of them to not reach out and ask what's going on.
Johan
Ex got M3 in the divorce, waiting for EU Model Y!
It's prudent. WSJ is reporting that they are inquiring whether Elon Musk's statement of "considering taking Tesla private" and "having funding secured" was factual. English isn't my first language but I assume it means if he was telling the truth or not. He doesn't have track record of lying so I'm not worried. Then, according to WSJ:
Well, as long as he disclosed the information publicly, to all investors at the same time through Twitter, I don't see what rule he would have broken? Also, we know Elon can sometimes be a little trigger happy on Twitter but if there's one thing he is not it's stupid. Before making those tweets I'm confident he talked it out with his legal team, CFO etc. And with the board of directors in advance, of course.
RationalOptimist
Member
There is a middle possibility here, surely. I wd think it highly possible that Musk has received verbal assurances from three or four potential funders that they would each commit up to, say, $10bn of stock at $420 provided board seat. He may have used his own judgement to calculate that that $40bn is more than enough to cover any cash-ins. So from his pov funding secured. I personally would be surprised if he had written bids from multiple parties. If this is what has happened, it would be good for him to tweet some version of this so that people who doubt the value of verbal contracts can maintain their doubts, and the rest of us can gain clarity.
Joe F
Disruption is hard.
SEC: "You tweeted that you are thinking about taking Tesla private. Is that true?"
EM: Yes, it is true. I am thinking about it. I think about many things. Don't you?
SEC: You also wrote "funding secured." What did you mean by that?
EM: Oh, damn autocorrect! I wrote: "FUDsters screwed."
SEC: Okay, thanks for clearing that up. Carry on.
EM: Yes, it is true. I am thinking about it. I think about many things. Don't you?
SEC: You also wrote "funding secured." What did you mean by that?
EM: Oh, damn autocorrect! I wrote: "FUDsters screwed."
SEC: Okay, thanks for clearing that up. Carry on.
- Status
Similar threads
- Locked
- Locked
- Locked
- Poll
