TSLA what a joke

[Sig]

He also said there will be battery changing stations and they will make 5K/week by last year's end. What he says usually doesn't mean anything.

Yeah, so that's the thing....

Your critiques of Elon have moderated significantly...to the point of being on par with my usual level of sarcasm on the matter. You give up on a short or find the Elon religion or ???

 

[Pekelo]

Here is an interesting tidbit: The Chief Accounting Officer's (who was hired in July) sole core competence was being involved in taking Seagate Private:

https://www.nytimes.com/2000/03/30/...-intricate-buyout.html?smid=nytcore-ios-share

 

[vanzandt]

Up $11 ah's on news the board is pursuing this buy-out. Elon to recuse himself.

 

[Pekelo]

So was I right, no funding secured and no 8K will be filed?

https://seekingalpha.com/news/3381432-tesla-board-expected-push-musk-recusal

Probably what is happening:

" Tesla BOD evaluates going private in an attempt to soften Musk’s bluff with SEC only to come back several weeks later, and release to the public that it is in the best interest of the company and shareholders Tesla stays public. This is theater."

 

[Daal]

"Musk previously talked with Saudi Arabia's sovereign wealth fund about a take-private deal, said one of the people."
https://www.cnbc.com/2018/08/09/tes...o-recuse-himself-prepares-to-review-take.html

There is the funding and why he promised the short burn of the century

 

[Daal]

A funny aside that we're talking about the Saudi sovereign wealth fund investing in something whose major impact will be to reduce the main export of Saudi Arabia's main product (most oil is used in transportation, only .5% of U.S. electricity comes from oil fired plants). If they do make a 12% of the fund size bet, it says something significant far beyond Tesla.

You bring up a good point. Saudi Arabia is massively long oil through their reserves, buying a big stake on TSLA is like shorting the future of oil. Therefore its a great hedge for them. If TSLA suceeds, at least they get paid for the dwinling value of their reserves. If TSLA fails, well, then their reserves continue to be worth a lot so who cares. Its a nice 'nation hedge'. Its like a highly profitable typewriter company buying a stake in the IPO of a IBM or Microsoft in the 70s or 80s

 

[John9999]

I never expected my post to get all this attention... obviously people are really amped up over TSLA. I personally think it is a crap company and crap stock and eventually if it stays public it will crash.

 

[Cuddles]

I know nothing about Tesla (except their cars spend longer charging than driving).

But I wouldn't trust Elon Musk as far as I could spit.

You know more than most.

 

[vanzandt]

You know more than most.

Ya think?
Maybe.
Maybe not.
China wants to be 100% electric by 2030.
Worlds fastest growing economy and all.
Elon is a traveler.
Huh? What's that mean Z?
........I have no idea.
But I'm not blind either.

 

[destriero]

that's a pre facelift 2015 model or earlier....you buy as CPO? good luck in any case!

mine is a 75D

She loves the car, but we're heading back to Fremont to trade it in on a new P100D.