Elon Musk SHOCKS The Stock Market By Considering Taking Tesla Private

Elon Musk SHOCKS The Stock Market By Considering Taking Tesla Private
Tesla CEO Elon Musk sent shockwaves through the financial and automotive worlds today, announcing on Twitter that he is considering taking the California automaker private at $420 a share (is that just a number, or is it connected to something of a “higher” order). The company first went public in June of 2010, offering 13.3 million shares for $17 per share. My, how times have changed.
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zliveszlives - 8/7/2018 3:01:13 PM
+6 Boost
he should, instead of just talking about it...
also shocked?!!! like last year when he said the same thing?


MDarringerMDarringer - 8/7/2018 3:10:43 PM
+4 Boost
Amen, brother, amen!


HoustonMidtownHoustonMidtown - 8/7/2018 3:16:17 PM
0 Boost
Quit reading and replying to all of them....


mre30mre30 - 8/7/2018 3:36:08 PM
+6 Boost
Ha ha ha ha ha ha ha ha ha ha ha

ha ha ha ha ha ha ha ha.

I guess he is going to tap into the second-world criminal money supply that used to fund golf-courses and high rises of questionable economics before the shiny light of scrutiny spot lighted the shenanigans of a particular real estate developer.

Never happen - who would provide the money.


MDarringerMDarringer - 8/7/2018 4:42:00 PM
+6 Boost
John DeLorean?


Vette71Vette71 - 8/7/2018 5:30:46 PM
+5 Boost
Allegedly it is Arab money. The Saudi's have several family funds that invest in companies. The issue will be how many current shareholders will stick with them versus how many will sell, which means they will have to come with CASH. That nasty CASH word. Losing liquidity could be an issue for many including employees. Stock Options? Can you exercise fast enough and sell? Anybody know how SpaceX works it's every six months liquidity window?



PUGPROUDPUGPROUD - 8/7/2018 4:12:28 PM
+7 Boost
Little does he realize that if he finds money men willing to take it private they will extract their pound of flesh...The price he pays would be very high, there would be strict conditions attached and he would be the first to go if things don't turn around quickly.


RzRBackCarGuy81RzRBackCarGuy81 - 8/7/2018 4:20:16 PM
+6 Boost
I'm sure this is another one of his tactics to extract free money from the market by lying as usual. Say that he's taking it private so that the shares rise, people purchase more shares hoping he's going to buy them out and they get paid, when in the end, he gets a cash influx. Just like every other scheme he's made and lied about. The "$35k" model 3 that doesn't exist. The deposits he collects, the failed deadlines, the lack of quality and engineering. He is a walking ponzi scheme


countguycountguy - 8/7/2018 5:06:49 PM
+7 Boost
lmao


xjug1987axjug1987a - 8/7/2018 5:19:27 PM
+5 Boost
He's clearly done something remarkable, but its not sustainable...


supermotosupermoto - 8/7/2018 5:58:03 PM
+7 Boost
Pretty bizarre statement from a CEO. Who is the acquiring entity, if there is one? I've never heard of a deal like this being announced before it was formally signed.

Very strange. I think it's just a way to burn the shorts, then Elon can say he changed his mind.




MDarringerMDarringer - 8/7/2018 7:00:10 PM
-7 Boost
Elon was thrilled that Marchionne could no longer compete for the crown of most incompetent corporate leader, so he let loose.


EVisNowEVisNow - 8/7/2018 7:53:58 PM
-4 Boost
Many if not most of the current share holders will opt to keep their shares in the private company. The rest will be financed by private equity funds, and especially wealthy individuals like Chanos, Einhorns and the Freaking Alpha shorts who now have to buy back shares at $420.


SanJoseDriverSanJoseDriver - 8/7/2018 10:21:40 PM
-4 Boost
I thought Elon's twitter account was hacked this morning, WTF. Still not sure how I feel about this and whether to hold or sell the stock if it does come to fruition. I really like listening to the investor briefings and going through the quarterly financials. Going private would be a lot less transparency and accountability... gah.


TomMTomM - 8/8/2018 6:45:31 AM
+1 Boost
The money MAY be available to him - but at what COST to him?


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