Musk Clarifies Twitter Statement - Tesla Stock Trading Resumes

What a clown

Model S easily outsells the S Class and 7 Series at $100k a pop. Get over it.

It is a smart move....with a bonus reward:

https://uploads.disquscdn.com/images/20c7e255dd22136d9112545fa4d45b9860ff9e1673ab7a0c6c3fb05f29374a2f.jpg

Lol

Nice =D

Genius move. Stock is up 11% today. Lol.

@runninglogan

Congrats are revealing to everyone how little you know about cars. The S-class is in a specific segment. The segment is the full-size(limo) flagship segment. The Lexus LS, Audi A8, BMW 7-series are the main competition in the segment.

The model S is not in that segment since it is not a full-size sedan. There wont be anybody getting chauffeured by a limo company in a Tesla.

Saying the model S outsells the S-Class would be like saying the Toyota Camry outsells the S-Class. It simple isn't the proper benchmark or in other words in the same segment.

I would suggest you learn more about the auto industry before posting on this site as clearly you aren't knowledgeable

Also the 100k metric is irrelevant as the S-class is priced differently in different market. The average price in my market for an S-Class is 108k as they almost all brought in with all wheel drive

It is ok grasshopper you are learning

Do Camrys costs $100k where you live? Arguing with paper weights like you is boring.

OMG @Deutchland sounds like TomM. Deutchland says "The S-class is in a specific segment." and TomM would say "The S Class is in Tier 1 of the three tiers of premium vehicles."

Let's get real. There are roughly 169,790,000 shares of Tesla stock outstanding. 80% or 135,832,000 are owned by institutions and individuals other than Musk himself. At $420 a share he would have to raise potentially $57,050,000,000 to buy back the 80% share. Where will he get that much capital? Even if private equity firms backed him they would demand a considerable cost for their capital, institute significant conditions on finance and operational matters, and have the
right to fire Musk at will. Where will future working capital come from if not the public market? Be careful what you wish for Mr Musk.

Pug

What is your background -capital markets? Just curious.

You're right Pug. It's risky. Wonder what Elon has up his sleeve.

Wow...he is walking a real fine line. If this doesn’t go through he risks having the sec up his ass for market manipulation.

Watch for an investor class action suit for the way he did it. Somewhere out there some group, other than the shorts, got screwed and will lawyer up. Heck the shorts may do it themselves.

@Vette71 This is popcorn worthy.

Only because you asked qwertyfla1...Spent 33 years identifying and negotiating acquisitions on behalf of a major global healthcare company....Pugproud

Acquisitions are a fun game of chess sometimes as are divestitures. It's always fun when you acquire something and then get stuck with something unforeseen. It's advantageous to divest and have the icky thing be an Easter egg for someone else.

@pugproud On a tangent, it would be most delightful to pick your brain about technique over martinis at "The Ranch". A few years back I acquired a property with a huge gamble looming. It was a space large enough to house a local car collection. The risk was that it could be in the path of a freeway--or not--depending on right-of-way width requirements that were being fought over independent of me. I acquired the building and spent about $100K on it for upgrades to climate control and to beef up security and fire protection. When the state settled on right-of-way width, the building partially was in the way. So the building was done, the cars were in it for about 8 months and then it was a scramble to find a new place to go. I got a fair price for the building, but lost about $50K of the improvements to the bulldozer. Thank God for a brilliant accountant is all I'm saying.

lol @runninglogan....Had nothing of substance to offer so just attacked the commentator...What an uncouth meatball

@Deutchland Do you realize that your response to runninglogan1 had "nothing of substance to offer so just attacked the commentator"? Does that make you an "uncouth meatball" too? Enquiring minds want to know.

I'm no fan of runninglogan1 and the feeling is probably mutual from his side, but this was hilariously hypocritical not to mention ironic.

@MD - If this is Arabian funding, it is the same way Aston Martin has stayed afloat these past years prior to the 5% investment / parts sharing contract by Mercedes Benz. If it is Asian money, then perhaps your theory about Geely buying Tesla could be coming true. But this point in time is not necessarily the bottom of the market value for shares where the acquisition price is most attractive. Time will tell.

A company like Geely would want Tesla for the brand name, but not the cars.

What indeed....The brand name. Their experience in making BEV's. Rabid and loyal customer base. Goodwill / Halo as a green company. The industry connections and contracts relative to BEV technologies (batteries, electric motors, etc). I would still add the cars too, although some time spent with a Toyota production team would work wonders.

Teslas experience in BEVs isn't all that different from any other manufacturer. Tesla doesn't have game-changing technology. What they have is the technology that everyone else has with a big load of hype. The time for Tesla to sell and run is now. Porsche and Audi are about to show people what real engineering is and Tesla will not look good when all is said and done. The name is worth something, but the idiots that self-pleasure to Tesla and Elon Musk will jump to the newest-latest-best-thing: Porsche Taycan and Audi Etron.

Musk is brilliant and naive at the same time. His statement about having individuals remain as shareholders of his private company fails to recognize that sophisticated investors would extract a high price from him to do so or bail at the outset because of the lack of liquidity. It is extremely difficult for a variety of reasons to sell your shares in a private company before its sold or does an IPO down the road.