Taking Tesla Private

#1

Post by freerobby » Tue, Aug 07, 2018, 7:31 PM UTC

Taking Tesla Private
tesla.com

Re: Taking Tesla Private

#2

Post by edhu2017 » Tue, Aug 07, 2018, 7:35 PM UTC

I think it's a great move. Prevents short term greedy shareholder strategies.

Re: Taking Tesla Private

#3

Post by arcanus » Tue, Aug 07, 2018, 7:36 PM UTC

(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?

Re: Taking Tesla Private

#4

Post by avree » Tue, Aug 07, 2018, 7:36 PM UTC

Guess Elon isn't too confident about being able to deliver the earnings he promised on.

Re: Taking Tesla Private

#5

Post by cdkee » Tue, Aug 07, 2018, 7:37 PM UTC

arcanus wrote: post #3

(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

Re: Taking Tesla Private

#6

Post by sounds » Tue, Aug 07, 2018, 7:37 PM UTC

TSLA up 7% on announcement, high of $370.79

If you're a short seller, beware the "squeeze." If you're not a short seller, this article can be an amusing read:

https://www.reuters.com/article/us-volkswagen/short-sellers-...

Re: Taking Tesla Private

#7

Post by jjulius » Tue, Aug 07, 2018, 7:38 PM UTC

arcanus wrote: post #3

(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?

In the article you're discussing:

>Either they can stay investors in a private Tesla or they can be bought out at $420 per share...

Re: Taking Tesla Private

#8

Post by I_am_tiberius » Tue, Aug 07, 2018, 7:38 PM UTC

Not sure when it was published exactly but the stock price impact was visible already 2 hours ago.

Re: Taking Tesla Private

#9

Post by shawn » Tue, Aug 07, 2018, 7:38 PM UTC

Second, my intention is for all Tesla employees to remain shareholders of the company, just as is the case at SpaceX. If we were to go private, employees would still be able to periodically sell their shares and exercise their options. This would enable you to still share in the growing value of the company that you have all worked so hard to build over time.

How does this work as a private company?

Re: Taking Tesla Private

#10

Post by belltaco » Tue, Aug 07, 2018, 7:39 PM UTC

sounds wrote: post #6

TSLA up 7% on announcement, high of $370.79 If you're a short seller, beware the "squeeze." If you're not a short seller, this article can be an amusing read: https://www.reuters.com/article/us-volkswagen/short-sellers-...

That was the previous high it hit before it was halted for this news to come out. Trading is now scheduled to re-open in 6 minutes (3:45 PM EST). Going to be a very interesting 15 minutes before the market closes for the day.