Not an AI (accredited investor), but I play one on a Tesla investment board.
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Not an AI (accredited investor), but I play one on a Tesla investment board.
Netjets turnaround (formally known as Executive Jet when Berkshire acquire it in 1998)
My gut says there is some buffet money backing the TSLAP. Buffet sees the YoY revenue growth Tesla has posted and will continue to post in coming years. This is just the start toward $200B YoY revenue by 2025.
my expected Revenue for 2018 is: 20B
my expected Revenue for 2019 is: 28B
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Seems is not the Saudis...
Exclusive: Saudi Arabia's PIF has shown no interest in bankrolling Tesla buyout
https://mobile.reuters.com/article/amp/idUSKBN1KW0FA
Exclusive: Saudi Arabia's PIF has shown no interest in bankrolling Tesla buyout
https://mobile.reuters.com/article/amp/idUSKBN1KW0FA
There’s one thing that I don’t understand very well if Elon really *did* most of the arrangements prior of the buyout announcement.
Is the fact that, as far as we know and some of them already mentioned, he didn’t previously got the agreement of other large shareholders (at least T. Rowe, Gifford, Tencent, etc) to move their stock privately.
This alone, would make things a lot clearer.
Is the fact that, as far as we know and some of them already mentioned, he didn’t previously got the agreement of other large shareholders (at least T. Rowe, Gifford, Tencent, etc) to move their stock privately.
This alone, would make things a lot clearer.
People really have to stop reading into his mood based on tweets. I would not make any investments based on how happy you perceive someone. If I had Elon Musk's life I'd be pretty happy no matter how much the lunatic trolls, nutjobs, liars, and shorts attacked me or if I miss a self-imposed deadline by a month or 6.
This IS an advise.
I'm long TSLA, I have a Signature Model X and married to the love of my life, so even though I'm not Elon Musk I'm pretty freaking happy. I just wish I had the time so I could actually read all this stuff.
The rules about buying stock in a privately held corporation are bizzare, but they are there for a reason, to protect the "investor." Say your brother-in-law has a small software company that was formed as a C class corporation and you want to purchase some stock in it to help him out and hopefully make some money when Google buys it. Unless you are an accredited investor, you are prohibited from taking an equity position. That's meant to protect the little guy from a financial flim-flam man (what a great movie!) taking advantage of you. The SEC(?) assumes that an AI has enough experience to know whether or not they're being taken for a ride.
I was the CEO and one of the founders of a SW spinoff from one of the national labs back in the '90's and we had a situation where an incubator fund, even though they had invested earlier as a partner with another AI, was prohibited from investing by themselves because they were not an AI. It was a learning experience and a difficult one, as they didn't believe they couldn't buy stock in us... they thought we didn't want to reduce our ownership in the company but that wasn't the case at all. We ended up getting the funds needed through a loan from them, but our working relationship was never the same afterwards.
Anyway, just thought I'd share to give a real life example of why you need to be an AI when investing in privately traded firms.
Whether it matters or not is speculation and guessing, since we don't know what structure for existing investors to stay in post-delisting. (Note that I have switched to saying "de-listing" rather than "going private".) However "accredited investor" is a real thing. You can't participate in IPOs or certain private offerings unless you're an accredited investor, which basically means (for individuals in the US):
ZachShahan
Active Member
Note that Elon almost broke into tears a couple of times this year (unless I am blind or stupid). I think this stuff gets to him. And I think one can read when he is on the better side of a topic. But yeah, not advice and I'm not saying I'm definitely right.
ZachShahan
Active Member
Elon threw quite a lot of shade at Buffett recently. And I'm no Buffett (or buffet) expert, but my impression is that Tesla is not at all the kind of company he invests in. I'd give the possibility <5% chance and think I'm being generous.
My money would be on Page/Alphabet, Apple, and/or one or two of the existing major shareholders. By the way, are we also betting on who's buying? Or just betting on TSLA?
Hearsay about investing and the reasons why Musk wants to take Tesla private... IMHO.
Don't get me wrong, I doubt seriously that it's the Saudis too, that would be the ultimate in irony, but I just don't agree with many of the assertions in the article.
davecolene0606
Member
Interesting as the only speculation that the Saudi PIF was a player was Reuters when they dropped their original story.
Nothing new to see here either....
Move along.
Fire Away!
Nothing new to see here either....
Move along.
Fire Away!
Look, a lot of information about a buyout has to be off the record. Reuters isn't going to just print what any random yahoos tell them, it's going to be people associated with the fund.
Off Shore
Off Topic Member
So making the big announcement on Tuesday instead of just saying nothing was a good move because....In short... it's in everyone (on Team Tesla's side)'s best interest to make the shorts think that a deal isn't going to happen? To be as vague and ambiguous and slow to clarify things as possible, and make things look like an unplanned out-of-the-blue "there goes Crazy Elon tweeting again" moment, to the degree that the law allows?
If so.. mission freaking accomplished
????????
And there is also speculation that there may be an ability for current shareholders shares to transfer to TSLAP without being accredited investors. Possibly limited by being unable to accumulate more shares unless accredited. We won't know until we know.
I would say it's likely only accredited investors will be able to own TSLAP but hardly certain, and I would say it is also likely Elon and council have some sort of workaround that they are trying for.
I would posture it is not a fact that only accredited investors will be able to take part in TSLAP. Which is what my post was conveying to the poster I was responding to.
Edit: Reading your post again ggr, looks like we are kind of saying the same thing.
dmckinstry
Model X 2019
Probably all the non trolls.
I'm (wife & I) are way less than halfway eligible to be accredited investors and certainly wouldn't want to lose all investment in TSLA. However we wouldn't be destitute if it happened.
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