Elon Musk

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couchmaster

climber
Aug 8, 2018 - 11:04am PT
Ill take t"tings that don't matter worth a cuk for $100 Alex.'
mucci

Trad climber
The pitch of Bagalaar above you
Aug 8, 2018 - 12:05pm PT
I am buying another house with my earnings on Tesla this year.

Haters gonna hate.

Maybe it will implode, maybe knott, but I am getting mine.

August West

Trad climber
Where the wind blows strange
Aug 8, 2018 - 12:28pm PT
Not all doubters are haters. I actually hope Tesla succeeds but I am in the camp that thinks they have less than 50-50 chance of succeeding as an independent car company.

Musk is a polarizing figure. The media hype and fan worship is annoying but whatever.

Musk is also a bit thin skinned. I could totally see him making an impulsive tweet about taking the company private in order to punish short-sellers. If that is the situation, I hope the SEC takes appropriate action.

And I would be a little reluctant to buy a Tesla. If the company goes completely under, future maintenance/battery replacement and resale value could all be an issue.

Although I think Tesla being sold is more likely than liquidation, but with Musk's ego, you never know how it might shake out.
blahblah

Gym climber
Boulder
Aug 8, 2018 - 12:41pm PT
I am buying another house with my earnings on Tesla this year.

Haters gonna hate.

Maybe it will implode, maybe knott, but I am getting mine.

I suppose that's a bit like the Trump economy in general. Hard to say how it will play out, but so far at least, a lot of us are relishing the ca-ching! while it lasts.
AntiChrist

Gym climber
Urth
Aug 8, 2018 - 03:06pm PT
Yall think yer making $, but your $ ain't gonna be worth sh#t.
Dingus Milktoast

Trad climber
Minister of Moderation, Fatcrackistan
Aug 8, 2018 - 03:11pm PT
Super stoked for my friend mucci!

And super stoked to discover that more of my la famila is making money from Tesla!

I wish them all the best ... MADE IN CALIFORNIA!

DMT
mucci

Trad climber
The pitch of Bagalaar above you
Aug 8, 2018 - 05:55pm PT
Effie A DMT...

Ride that train. I worked for tesla doing all their food in house when they began, before the sedan, before the subsidy.

I watched the first sedans unveiling.

Talked to the engineers, and grease monkeys.

I have been ďinĒ for over a decade.

South Bay style.

Reilly

Mountain climber
The Other Monrovia- CA
Aug 8, 2018 - 06:03pm PT
The quality of the Mod S isnít in question. The Tucker was also a great car.
The quality of the company is much more than just the car.
Reilly

Mountain climber
The Other Monrovia- CA
Aug 8, 2018 - 09:28pm PT
Reuters:

He has not provided details or evidence of the funding by Twitter or in a following blog posted on the Tesla web site, and several securities attorneys told Reuters Musk could face investor lawsuits if it was proven he did not have secure financing at the time of his tweet.
"The words 'financing secured' are the danger point Ė thatís a statement of fact and could set him up to be accused of a material misstatement if it's proven false," said Erik Gordon, an assistant professor at University of Michiganís Ross School of Business with a background in law.
Using Twitter to announce materially important information is not common, but the SEC allows companies to use social media to announce key information in compliance with its fair disclosure rules if investors are alerted about which outlets will be used.
Musk is a prolific tweeter and Tesla alerted investors in a 2013 SEC filing that they should follow Musk's Twitter feed for "additional information" about the company.
There is no reference to Musk's Twitter account on the company's investor relations page under "investor communication," although Tesla's Twitter feed is included.
Some Wall Street analysts were skeptical of Musk's ability to gather the huge financial backing to complete such a deal, given that Tesla loses money, has $10.9 billion of debt and its bonds are rated junk by credit ratings agencies.
"Who gives $30 to $50 billion to buy back the shares?" asked NordLB analyst Frank Schwope. "And if you stay as a shareholder you get less information than before and you depend more and more on Elon Musk."

If youíre long Tesla youíre either an idiot, terminally greedy, or both.
The shorts are sharpening their knives.
Majid_S

Mountain climber
Karkoekstan, Former USSR
Aug 8, 2018 - 09:51pm PT
tooth

Look at Neo

https://www.nio.io/

This is one of the 53 companies I was talking about. my guess is that over 50% of their engineers came from tesla.


BJ

climber
Aug 9, 2018 - 07:33am PT

If youíre long Tesla youíre either an idiot, terminally greedy, or both.
The shorts are sharpening their knives.

Somebody other than Reuters, the NYT, CNN and the WSJ has drawn a line in the Supertopo sand and is daring Tooth to come out of his BC cabin.
tooth

Trad climber
B.C.
Aug 9, 2018 - 11:45am PT
I donít get it. You post skepticism and hearsay based on what the CEO introduced and you think there is a reason for me to respond? The SEC isnít investigating anything, the shorts hired lawyers to ask the SEC to do so, and the SEC has responded by simply asking for a report to back up the word Secured that he used. Remember that in 2013 the SEC expressly stated that Elon could use Twitter as a mouthpiece.


So now you expect a response every time another guy posts another guys thought on the matter?
BJ

climber
Aug 9, 2018 - 12:31pm PT
No I donít expect a response, itís just that you get your panties in a knott anytime anything negative about Elon is posted.
blahblah

Gym climber
Boulder
Aug 9, 2018 - 12:40pm PT
tooth, I don't think you're right, according to reports, the SEC is investigating Tesla/Musk.
https://www.wsj.com/articles/sec-has-made-inquiries-to-tesla-over-elon-musks-taking-private-tweet-1533757570

They could be in a lot of trouble as his "announcement" significantly moved the stock price, just as it was clearly intended to do. (I'm assuming his statement was not true, as most people are now.)
I don't have strong opinions about Musk one way or the other except it's pretty clear he's been acting unbalanced, and that can have consequences when your a Twitter user / head of a public company.
tooth

Trad climber
B.C.
Aug 9, 2018 - 12:50pm PT
No. Have not opened an investigation. They have a preliminary inquiry that they are doing that wonít necessarily lead to anything more formal. According to Judith Burns the SEC spokeswoman.

The only way this could lead to an investigation is if it was materially false. By seeing as the Board has been discussing it for a week already, it doesnít appear as if Musk shot of a random thought spur of the moment.

Of course everyone wants to know where the money is coming from and wish they had known about SA months ago, but if I were Apple, for example, asking to buy in , i would want my identity kept quiet until after the shareholder vote.




Notice the difference between news that reports on what someoneís emotional response to this is (like the links above that quote brokers et. al. ) and the bare facts about what has happened. Eg, Elon tweeting news on the company he is CEO of, on Twitter, which the SEC expressly states is fine to do in their resolution five years ago. Then the fact that Tesla both out out a blog post and reported what their Board has been doing about it. Thatís all the facts. All the rest is speculation and hype. What do you gravitate to?
couchmaster

climber
Aug 9, 2018 - 07:16pm PT
The stock is overvalued as much as any stock in history it seems, I can recognize that for many of us we want the technology and the company to have wild success. They are differing things. If you want to drink the stock koolaid you will lose money, it is a matter of time when you will lose it, so drink in moderation. Good luck, and I too hope the company has great success.
tooth

Trad climber
B.C.
Aug 9, 2018 - 08:14pm PT
I donít own stock. Just an x. I agree that technically the stock is overvalued. But the driving/ownership experience of their product is undervalued.

edit:





Reilly

Mountain climber
The Other Monrovia- CA

Aug 11, 2018 - 02:56pm PT
NEW YORK (Reuters) - The number of Tesla Inc (TSLA.O) shares sold short has rebounded and are now higher than before CEO Elon Musk proposed on Tuesday taking the electric car maker private, according to data from financial technology and analytics firm S3 Partners.

As of Thursday, 34.75 million Tesla shares were sold short, up from 34.67 million shares on Monday, S3 data showed. Tesla is the most shorted U.S. stock.

Short-sellers aim to profit by selling borrowed shares, hoping to buy them back later at a lower price.

Short-sellers racked up paper losses of $1.3 billion on Tuesday after Tesla shares rallied 11 percent. Since then, the shares have given up all the gains and short-sellers have recouped about a $1 billion, the data showed.

The share fall has been fueled by investor skepticism over the dealís prospects and media reports that U.S. regulators are asking Tesla why Musk announced his plans on Twitter and whether his statement was truthful.

Tesla and the Securities and Exchange Commision declined comment on Thursday.

Emboldened, shorts have pushed Tesla short interest percentage to 27.3 percent of the float on Thursday, up from 27.2 percent on Monday, S3 data showed.

ďThis hasnít scared the large players in the market at all,Ē said Ihor Dusaniwsky, head of research at S3 in New York.

Musk has come under pressure from hedge funds betting that Teslaís stock will drop given its production issues and negative cash flow, and Tesla is the most shorted U.S. stock. He reasons that taking Tesla private would relieve that pressure.

ďHis whole focus on shorts is a misallocation of his time and resources,Ē said investor Christopher Irons, founder of independent investigative research website quoththeravenresearch.com.

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

That boy ainít as smart as he thinks he is.
mouse from merced

Trad climber
The finger of fate, my friends, is fickle.
Aug 11, 2018 - 02:37pm PT
https://www.engadget.com/2018/08/11/tesla-hires-volvo-designer-ian-kettle/
Jon Beck

Trad climber
Oceanside
Aug 11, 2018 - 02:40pm PT
The shareholder lawsuit has been filed. What took so long?
Reilly

Mountain climber
The Other Monrovia- CA
Aug 11, 2018 - 02:56pm PT
NEW YORK (Reuters) - The number of Tesla Inc (TSLA.O) shares sold short has rebounded and are now higher than before CEO Elon Musk proposed on Tuesday taking the electric car maker private, according to data from financial technology and analytics firm S3 Partners.

As of Thursday, 34.75 million Tesla shares were sold short, up from 34.67 million shares on Monday, S3 data showed. Tesla is the most shorted U.S. stock.

Short-sellers aim to profit by selling borrowed shares, hoping to buy them back later at a lower price.

Short-sellers racked up paper losses of $1.3 billion on Tuesday after Tesla shares rallied 11 percent. Since then, the shares have given up all the gains and short-sellers have recouped about a $1 billion, the data showed.

The share fall has been fueled by investor skepticism over the dealís prospects and media reports that U.S. regulators are asking Tesla why Musk announced his plans on Twitter and whether his statement was truthful.

Tesla and the Securities and Exchange Commision declined comment on Thursday.

Emboldened, shorts have pushed Tesla short interest percentage to 27.3 percent of the float on Thursday, up from 27.2 percent on Monday, S3 data showed.

ďThis hasnít scared the large players in the market at all,Ē said Ihor Dusaniwsky, head of research at S3 in New York.

Musk has come under pressure from hedge funds betting that Teslaís stock will drop given its production issues and negative cash flow, and Tesla is the most shorted U.S. stock. He reasons that taking Tesla private would relieve that pressure.

ďHis whole focus on shorts is a misallocation of his time and resources,Ē said investor Christopher Irons, founder of independent investigative research website quoththeravenresearch.com.

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

That boy ainít as smart as he thinks he is.
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