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re: Elon Musk tweeting about taking TSLA private at $420 update: Musk letter to employees

Posted on 8/7/18 at 2:40 pm to
Posted by The Egg
Houston, TX
Member since Dec 2004
79110 posts
Posted on 8/7/18 at 2:40 pm to
trading to resume at 2:45cst
Posted by beaverfever
Little Rock
Member since Jan 2008
32643 posts
Posted on 8/7/18 at 2:45 pm to
This is crazy.
Posted by lynxcat
Member since Jan 2008
24123 posts
Posted on 8/7/18 at 2:45 pm to
Musk's point about managing quarterly expectations is a fundamental flaw with being public. It drives a lot of perverse, short-term incentives.
Posted by The Egg
Houston, TX
Member since Dec 2004
79110 posts
Posted on 8/7/18 at 2:45 pm to
$380 and climbing
Posted by lynxcat
Member since Jan 2008
24123 posts
Posted on 8/7/18 at 2:47 pm to
385
Posted by The Egg
Houston, TX
Member since Dec 2004
79110 posts
Posted on 8/7/18 at 2:47 pm to
shorts are getting fricking roasted like a pig on a spit
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 8/7/18 at 2:49 pm to
It may be covering that is driving the price up.
Posted by beaverfever
Little Rock
Member since Jan 2008
32643 posts
Posted on 8/7/18 at 2:49 pm to
Lmao they’re legitimately discussing whether the price of $420/share is a weed joke on CNBC. Strange times
This post was edited on 8/7/18 at 2:50 pm
Posted by lynxcat
Member since Jan 2008
24123 posts
Posted on 8/7/18 at 2:49 pm to
Up ~$85/share (about 27%) since last Thursday
Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 8/7/18 at 2:50 pm to
Time for him to send that box of short shorts to Einhorn
Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 8/7/18 at 2:51 pm to
quote:

Musk's point about managing quarterly expectations is a fundamental flaw with being public. It drives a lot of perverse, short-term incentives.



Agreed, its best suited for large, mature companies.

It doesn't mean investors aren't wrong and cost don't need to be reigned in at some point. I believe he was given plenty of runway so far.

Don't think large institutional investors won't be equally as big a pain in the arse.
Posted by southernelite
Dallas
Member since Sep 2009
53151 posts
Posted on 8/7/18 at 3:26 pm to
Well, I just got fricked hard.
Posted by mrgreenpants
paisaland
Member since Mar 2018
1421 posts
Posted on 8/7/18 at 3:28 pm to
quote:

Up ~$85/share (about 27%) since last Thursday



RIP short dawgs


there are folks out there shorting TSLA with full leverage.

Musk literally just wipes those dudes out.
This post was edited on 8/7/18 at 3:30 pm
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48889 posts
Posted on 8/7/18 at 3:31 pm to
quote:

Musk literally just wipes those dudes out.


how is it legal to do what he did today?
Posted by kaaj24
Dallas
Member since Jan 2010
601 posts
Posted on 8/7/18 at 3:47 pm to
It will be investigated. If he doesn’t have concrete evidence in place regarding $420 price or secured funding, he may find himself in hot water.

I would expect shareholder lawsuits shortly.
Posted by Diseasefreeforall
Member since Oct 2012
5483 posts
Posted on 8/7/18 at 4:00 pm to
quote:

Musk's point about managing quarterly expectations is a fundamental flaw with being public. It drives a lot of perverse, short-term incentives.

True in general, but in Tesla's specific case it's his own hyping that is a big part of why the company is so wildly overvalued and expected to meet crazy numbers.
Posted by Azazello
Member since Sep 2011
3182 posts
Posted on 8/7/18 at 4:24 pm to
quote:

RIP short dawgs


there are folks out there shorting TSLA with full leverage.

Musk literally just wipes those dudes out.


Saw on twitter this will take out $4.4B in short positions


Posted by southernelite
Dallas
Member since Sep 2009
53151 posts
Posted on 8/7/18 at 4:32 pm to
I don’t see how he has the funding for a LBO. The whole thing is absurd.
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
16900 posts
Posted on 8/7/18 at 5:28 pm to
What if apple is the funding?

Apple Tesla’s

Mother of god gifs
Posted by southernelite
Dallas
Member since Sep 2009
53151 posts
Posted on 8/7/18 at 5:35 pm to
Why would Apple do that deal?
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