I can see 4 basic szenarios:
1) There is no funding.
The stock and Elon will get destroyed.
But the company fundamentals wont be affected beyond financing, which shouldn't be a problem if Q3, Q4, ... are positive. So new Investors might be able to get in at a bargain after the bloodbath.
2) Board denies request.
Because they think staying public is the better path into the future.
Then we're back at the state prior to the announcement, minus the stock equivalent of a CEO getting reigned in by his board..
Company fundamentals are unaffected.
3) shareholders vote No
Because the majority thinks the stock is worth more than 420.-
And they can't hold private tsla due to broker constraints or liquidity concerns.
This should still put a confidence floor at 420.- because 50%+ think below that price is a good buy.
4) shareholders vote Yes
All shorts get a margin call.
35m shares (assuming no covering till vote) can get out above 420.-
Or tesla could raise up to 20% new equity (14B!) without needing a single new shareholder!!
If more want to get out, they'll do so at a guaranteed 420.-
Any guesses on the respective probabilities?