So I had a sweet dream last night about making 10x from a short squeeze, then I woke up seeing I got a margin call from news confirming the source of the funding???
Please put me back to sleep.
Please put me back to sleep.
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Would lend much more credibility to the situation.
Saudis and other potential private investors accumulating shares. The idea is this deal can almost be done on the open market and then offer people a last way out at $420. I doubt there will be many investors who voluntarily sell at $420.
The problem will be if short's leave it too late to cover they'll be squeezed
From the Saudis side, why would they hide behind <5% to avoid filing? Any downside to buying 15-20% at below $420 price? I'm not sure why would they not be buying right now...unless they had some verbal agreement w/ Elon that they can't have more than ?20% to stay on good terms with him and expect to pick up as much during buyout.
Ya, this outcome means I take TSLA more as a business decision now as opposed to believing in its mission. There are potential interferences from big oil to consider. Instead of just negative articles, we are now faced with direct voting right from big oil.
Like the scty deal that burdened tsla with unecessary debt, SA money it'll sap energy from TSLA in other ways.
Oh, the deliveries? Which Bloomberg currently estimates at just under 6,000/wk. I see.
If their fate now depends on the future of Tesla (and similar projects), how can they not change?I had been hoping, really hoping that it was not the Saudis. It is completely my personal bias, but I just like anything to do with theme overall Middle East in general. I feel that the leaders are nothing more than tribal chiefs, keeping their power with suppression of the masses and with no regard for human rights. Feeling disappointed that it is them.
I am still staying in with my shares if I can but not as over the top excited about this as before, or like I would be if it was Google, Apple or a group of investors. Still fully confident Tesla will be private soon.
Negotiations and due diligence always precede the actual deal. I'm perfectly comfortable with "secured" at this time.Yikes...
I can't help but feel the latest announcement is just going to send the FUDsters off to the races, and this time I think I agree with them. Their position all along has been that Elon made the tweet about "funding secured" without having solid, signed and sealed commitments to cover the cost of the privatization. From the statement it looks like he did not. Whether he had to have that or not, I guess the SEC will rule on that but I have to admit, I don't feel any better after reading it. This could get ugly.
Just my $.02 of course.
Dan
Why would institutions who aren't going to invest in TSLAP sell at this discount to the buyout price? If the deal fails, they have no reason to sell. If the deal goes through, Tesla pays them $420 per share. I can't think of a good reason why they would want to get out in a hurry at these lower prices.I think there is a mix of retail buying and institutional selling by funds who can’t or don’t want to go private. So actually, price action makes sense..... shorts are gonna try to time bottom of institutional selling and so the buys may come later....
My guess obviously ...
Don... Dubai is in the UAE, not Saudi Arabia.The Saudi's picked up a few hundred last year for Taxi's.
Tesla signs deal to supply 200 Model S/X vehicles with ‘fully self-driving-capability’ to Dubai’s taxi company
This appears to be a sign from above for the Tesla shorts,, you're a$$ will be fried.. I've been trying to get Elon to see this.. Took it this weekend while getting some Starman Milky Way shots and a storm rolled in..
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Production spends the money and the deliveries bring it in. Deliveries are MUCH more important.Bloomberg doesn't estimate deliveries. They estimate production. The two are related but are not the same.
Yikes...
I can't help but feel the latest announcement is just going to send the FUDsters off to the races, and this time I think I agree with them. Their position all along has been that Elon made the tweet about "funding secured" without having solid, signed and sealed commitments to cover the cost of the privatization. From the statement it looks like he did not. Whether he had to have that or not, I guess the SEC will rule on that but I have to admit, I don't feel any better after reading it. This could get ugly.
Just my $.02 of course.
Dan
Good, I'm relieved you are. I don't know enough about this stuff to make anything other than my uneducated opinion. Hopefully the SEC agrees with you! LOL!Negotiations and due diligence always precede the actual deal. I'm perfectly comfortable with "secured" at this time.
How so ? I'm not trying to be argumentative here, but my impression is that the low price is a reflection of labor costs, close to free land, and very attractive financing terms.
The main benefit I see is an additional market for Chinese panels, thereby mitigating the potential harm to PV scale from the US tariffs introduced by the maggot in the White House.
Agree and good point. But why is squeeze a problem? Come-on, just a little squeeze pleazzze. So now I'm wondering if I shouldn't buy more myself (saying I would hold just 15 min ago). I am putting a small sell in at $800 and maybe more at $1,200.
The market seems to agree with Dan today. I do as well. I do not think the blog post helped Musk's case with the Saudis or the SEC.Negotiations and due diligence always precede the actual deal. I'm perfectly comfortable with "secured" at this time.
And now that he has increased his stake within Dell he wants to come back public again. What does that tell you?Here's a nice reminder of why "instance gratification" is the enemy of change and progress.
Michael Dell gambled billions and saved his company — but can he do it again?