Tesla going private

kingsskier

kingsskier

Active member
Musk put a series of tweets out that he has funding to take his company private at $420/share and maintain being CEO. The stock is in a T1 halt.

To me it seems real since he is still tweeting and twitter hasnt frozen the account if it was hacked.

Thoughts? I currently have 50 shares in the $350s average.
 
As someone who isn't invested in Tesla it's been pretty fun watching $TSLA and the wild ride it's had in the last FY. I'd imagine it's a bit less fun when you're trying to run the company and you're in the news every day for reasons related to being publicly traded, for example, this past earnings report. Musk also mentioned negative propaganda thanks to the many bears / short sellers Tesla has. Going private may calm the waters, both externally and internally.

It seems to me that Tesla's long term business plan is a hard sell to the mass public. I mean after the last earnings report half the people I talked to didn't understand what capital expenditures are and how they tie into the losses. Securing private funding seems like something Musk could swing, especially with the massive amount of capital that private equity's accumulated in the last 10 years.
 
13935729:IsitWinterYet17 said:
You gonna keep your shares as they go private or sell at $420?
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Sold at $386.xx upon ressumption after his blog post saying its not definite. There will be opportunities to get back in.
 
13935775:.CJ. said:
Lowkey just a /claim thread
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The last bit was just a small addition. You can believe me or not.

I more or less posted to talk about how insane Elon is and if the company will actually go private.
 
The only times I've bought Tesla is to ride the American excitement coaster that is the new cool stock. Buy at $200, sell at $320, buy again at $250, sell at $350 kind of thing. It's fun in that sense but I can't take that stock seriously as a long term investment right now. My dad has met Elon for work stuff a few times, and the recurring theme he talks about is that Elon gets stoked and can't stop talking about SpaceX. When Tesla is brought up, he turns glum and just gets through the conversation. He's said a few times that as long as Tesla makes $1 more than he needs to keep it from going under, he's fine with it.

Tesla cars are cool, Elon Musk is interesting and apparently a brilliant self proclaimed nano-manager, but I buy stocks to make money, which Tesla does not.
 
13936262:JohnnyDope said:
Your dad has got to have a lot more than 5 mills, right?
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No, he works with space and cyber technologies, so he's been to Space X for various events a few times. All I'm describing are the way Elon appears to feel about the company and some offhand things he's said to them. I think it's more interesting than anything else, I don't think it's any secret that he doesn't care if Tesla is profitable. He just wants it to survive.
 
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