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I meant the SpaceX stock doesn't swing wildly every time news like this comes out: https://www.investopedia.com/news/spacex-will-fly-astronauts... Or this: https://arstechnica.com/science/2018/07/nasa-commercial-crew... (I clarified my original comment)
SpaceX is privately held, unlike Tesla.
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I can't imagine anything more distracting than a big number that goes up and down minute to minute changing the value of the equity they hold
I feel like it mainly does that because Musk fails to set realistic expectations and then goes on tantrums whenever someone is negative about the outlook. I admire his ambition and he is great for Tesla in general but as far as managing a public company his approach hasn't been very successful.
That's about as fair as saying there's a cabal of billionaires shorting Tesla stock and using their media companies to drive the price down every chance they get. Either way, going private eliminates the noise.
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So how do all the other companies do it then? It is not like Tesla is the only public company where some or all employees hold stock, and it is not the only one with a volatile stock price either.
There are fewer public companies all the time https://www.bloomberg.com/view/articles/2018-04-09/where-hav...
I remember when Sarbanes Oxley was passed in 2002. I was in college and one of my professors was advocating becoming a SAP engineer specializing in SOX compliance. The cost of compliance was estimated to be gigantic, which meant lots of highly paid (but boring) work for enterprise programmers.
(If this happens) What does this mean for owners (non-employees) of TSLA stock? Will you be able to maintain your holdings in the company after it is delisted from an exchange?
His post says you can have private shares or accept the buyout at $420
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So there's the real story. Who is this financer (or group) with ~40 billion in capital that is willing to bet long on Tesla? That's really interesting to me, if Musk is being truthful here.
1. Apple 2. Saudi's 3. China
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Might be in the tens of billions before this is all said and done. (~34 million short shares outstanding * $420/share = ~14 billion dollars to cover. Is my math wrong?)
Sure, but they didn't start from zero. If you sold short at $350 the amount to cover is $70. Options are also a common way to hedge, so it's really hard to say what the total loss would be.
If there aren’t enough shares available to cover, could the price exceed $420?
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I think people here aren't saying they hate shorting in general, but that Musk hates people shorting his company. So it's Musk enjoying twisting the knife in the shorters, not these guys on Hacker News.
Also if you're a long term investor you probably hate shorters and traders.
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The French government is also a big shareholder of Renault and Volkswagen is partially owned by the regional government where they’re domiciled, if I’m not mistaken, plus the German government itself always putting the interests of the German big 3 (MB, BMW, VW) ahead of almost everything else, even their citizens’ health (see the tax incentives given to diesel vehicles for the last couple of decades).
Correct. Also a large part of the reason why we still don't have universal speed limits on Autobahnen.
On the other hand, German carmakers have a longstanding gentleman‘s agreement to electronically limit their cars to 250 km/h. Seems they can live with limits.
Not directly related to the thread, but I'm surpised by the extreme anti-short seller sentiment? Why is it important that they suffer? Short-selling is what makes almost zero expense mutual/index funds available to mom n' pop investors. Fidelity are about to offer ZERO TER funds on the basis that short-sellers pay heavily to borrow stock from them. It seems analogous to expressing hatred for umbrella sellers because…
https://teslamotorsclub.com/tmc/threads/elon-musk-vs-short-s...
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I am a shareholder. I will not be selling after going private. This is really good for me because we can finally stick it to the shorts and the only people who we lose are "traders" - I don't care about what they think. Long term investors only is a good motto :)
If Elon's tweet is motivated by a desire to stick it to the shorts, and he does not in fact have funding lined up to take Tesla public, he could (probably would) face a massive stock manipulation lawsuit that would bankrupt him, in addition to any SEC settlements which would likely result in him being banned from holding an executive or board position in any publicly traded company.