Update on Taking Tesla Private (Elon Musk)

#1

Post by kernelv » Mon, Aug 13, 2018, 10:24 PM UTC

Update on Taking Tesla Private (Elon Musk)
tesla.com

Re: Update on Taking Tesla Private (Elon Musk)

#2

Post by naveen99 » Tue, Aug 14, 2018, 12:46 PM UTC

What does going private mean exactly ? Is it just delisting from nasdaq in tesla’s Case ? Would they be allowed to keep any number of investors or just the top few ?

Re: Update on Taking Tesla Private (Elon Musk)

#3

Post by wampwamp » Thu, Aug 16, 2018, 1:28 PM UTC

naveen99 wrote: post #2

What does going private mean exactly ? Is it just delisting from nasdaq in tesla’s Case ? Would they be allowed to keep any number of investors or just the top few ?

I believe they are planning on creating a holding company whose only business function is holding private Tesla stock. This makes it easy to crate a prospectus so that non-accredited investors can participate.

Re: Update on Taking Tesla Private (Elon Musk)

#4

Post by naveen99 » Thu, Aug 16, 2018, 7:21 PM UTC

wampwamp wrote: post #3

naveen99 wrote: post #2

What does going private mean exactly ? Is it just delisting from nasdaq in tesla’s Case ? Would they be allowed to keep any number of investors or just the top few ?

I believe they are planning on creating a holding company whose only business function is holding private Tesla stock. This makes it easy to crate a prospectus so that non-accredited investors can participate.

i wonder if companies will start doing this right from their ipo, and just list the holding companies instead of the whole company.