TESLA

#1
https://www.bbc.co.uk/news/business-45155268

it reminds me of the news items that came out with media suddenly attempting to engage Elon in media discussions labelling his management of the financial side of the  busines as being faulty and irresponsible.

then the short selling.

while i gues the 2 can be not connected, it certainly leaves me asking who was behind the supposed reporters making them push a narative.

what i think seems to be the clear message from the market  is people love the company and the science and the man behind it.
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#2
Shorting stock is one way to make a fortune on the.stock market without ever owning a share. And now they want to sue, what a joke. I like this move.by Elon.  I wonder how many times Tesla stock has been shorted, IOW by fabricated articles, fraudulent reporting, scare tactics etc, all the work of shorters.
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#3
(Aug 12, 2018 07:14 AM)RainbowUnicorn Wrote: https://www.bbc.co.uk/news/business-45155268

it reminds me of the news items that came out with media suddenly attempting to engage Elon in media discussions labelling his management of the financial side of the  busines as being faulty and irresponsible.

The media have been hostile ever since Elon criticized their "profession" months ago. Journalists believe that they should be immune from criticism and they absolutely hate it when anyone they target returns their fire. If anyone criticizes journalists as a group, the response will be non-stop attack as they try to ruin that person. (It's all about power and privilege.)

Quote:then the short selling

while i gues the 2 can be not connected, it certainly leaves me asking who was behind the supposed reporters making them push a narative.

what i think seems to be the clear message from the market  is people love the company and the science and the man behind it.

I do think that Tesla's share price is probably too high given the company's earnings (or lack of them) and how quickly it seems to be burning through cash. Short-selling might not be a bad strategy assuming that the share price ever descends to correspond to the financials.

But it might not. As you say, part of the reason for the high share price is Elon Musk himself. He's widely seen as a (slightly crazy) genius, the Thomas Edison of the modern age, and people want to hitch their stars to that and become part of it. They are investing in a dream, in what they hope the company can eventually be, not in its performance in 3 months when the next quarterly results come out.

I'm sympathetic to Musk's belief that there are very wealthy investors out there with massive short positions in Tesla who run the risk of losing lots of money if the company's share price continues to go up, who are doing everything they can to hurt investor confidence not only in the company but in him personally, so as to drive the price down.

So taking Tesla private would probably save Musk lots of aggravation and might arguably be a good move for Tesla as well. It would insulate them from all the noise and frantic turbulence in the media and in the markets, freeing them from having to aim everything at boosting quarterly results instead of pursuing the company's longer term strategic goals.
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#4
There is likely more than just media slurs at play. What you have is a bunch of people in power circles that don't like it when their positions are potentially tested. So technically you end up with a bunch of fake news candidates running around muddying the water. After all amassed impropriety could be enough to oust his position at Tesla or undermine and potential career change (like politics)
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#5
Here's Elon Musk's Twitter account. It's where he announced the idea to take Tesla private, unleashing no end of consternation in the business media.

https://twitter.com/elonmusk

I agree with some of the critics that his announcing it during trading (instead of after trading closed as is customary), without warning NASDAQ that there was going to be a major market-moving event (they eventually halted trading temporarily), was uncool. But Elon's kind of an amateur at this stuff, he just kind of wings things (his instincts are very good) and doesn't operate with a big entourage of attorneys and advisers like other prominent CEOs do.
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#6
Quote:Tesla chief executive Elon Musk says he will no longer be taking the electric car maker private, just two weeks after saying he was considering a deal.
The plan was cancelled after a board meeting on Thursday, he wrote in a post published on the company's site.
Since Mr Musk announced his plan to delist Tesla, its share price has dropped by 20%.
He said he had told the board "that I believe the better path is for Tesla to remain public," and that they agreed.
Mr Musk said he had spoken with shareholders and major banks to consider the privatisation but found the sentiment was "please don't do this".
Earlier this month, Elon Musk shocked investors by announcing on Twitter that he had funding secured to take Tesla private at a value of $72bn (£57bn).

https://www.bbc.com/news/business-45306117

flushing the toilet.

i think the 20% drop is a good sign of what level of toxic ownership was in the stock.

the share price value on release and in the media was all about the public belief in Elon being the Brains behind the brand.


space x
Tesla

thats not a corner drug store/seven eleven where you only need to follow a known process to maintain the busines in a known stable market.

given the nature of the morality and future ideology of the public around electric cars and mum n dad investers holding and securing a piece of future control of eccology...
the value is in the public stability and ownership as the brand identity and function as personal quality of specific intellect.


you cant just swap that out for some ordinary production middle management.
if you could, they would all be running rocket science factories and flying to the moon on weekends.


is his stock over priced in my opinion ?
im not a stock market person. dreamers dream. some win big. many fail and lose.
what is over-pricing ?
over-pricing is when any wall st (vernacular) grabs hold of something to leverage its price to make profit.
it happens with many stocks. it is the nature of the industry to make value from something that has not got the real value in it.

this is called profit on top.


i see Tesla as being the Car that most Familys will have(1 of among their 2 to 3 cars per family) in the future. like ford toyota nissan etc.
assuming the company is not sabotaged by hostile-take-overs(what ever the correct names are)
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#7
https://www.bbc.com/news/business-45679024

Quote:Tesla shares have sunk after US regulators took legal action against co-founder Elon Musk for alleged securities fraud.
On Thursday the Securities and Exchange Commission filed a lawsuit over claims made last month by Mr Musk that he had funding to take the company private.
The billionaire boss of the electric carmaker called the action unjustified.
But the filing was a potentially serious blow for the company, which was already under financial strain.
Mr Musk has led the electric carmaker as chief executive since 2008, presiding over its rise into a company with a market value that rivals Ford and General Motors.
His celebrity status and reputation for entrepreneurial vision attracted investors and legions of fans - even though the firm has consistently lost money and struggled to hit manufacturing targets.
Tesla's shares closed 13.9% lower. During the trading session on Friday, shares fell by 15%

Quote:for alleged securities fraud

Quote:Mr Musk has led the electric carmaker as chief executive since 2008, presiding over its rise into a company with a market value that rivals Ford and General Motors.
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#8
Apparently the SEC is asking the court to ban Elon Musk from being an officer on any publicly traded firm. That sounds a little stupid to me, given that this guy is one of the most brilliant entrepeneurs around. (Cut off your nose to spite your face, SEC.)

Luckily, SpaceX is privately held and isn't publicly traded. So forcing Musk out of Tesla and banning him from taking any other company public in the future wouldn't impact SpaceX.

One wonders what forcing Musk out of Tesla would do to Tesla. Right now, the company is a rock-star, exceedingly cool. That's why its market-cap is up there with Ford and GM. Where I live (Silicon Valley) Teslas are selling well and I see many of them on the street. And that's all because of Elon Musk. If he leaves, Tesla suddenly becomes just another boring car company, one that's struggling with no profits to speak of. The coolness factor would evaporate and potential buyers would start worrying about the company going out of business. Sales would shrivel and Tesla would probably quickly tank.

Well, that would certainly please the short-sellers. According to Bloomberg, the Tesla shorts who have been trying to drive down the share price made $1.3 billion just today.  

According to CNBC:

"The SEC civil action may lead to Musk's exit from Tesla (either permanently or temporarily) and the Musk premium in the shares dissipating," analyst Brian Johnson said in a note to clients Friday. "Tesla shares have ~$130 of Musk premium for future success that might dissipate. Tesla's stock closed at $307.52 Thursday. Johnson reiterated his underweight rating and $210 price target for Tesla shares.

Musk founded Tesla and he loves the company. But if this shit continues, maybe he should just say "fuck it, it's not worth the aggravation" and give his critics what they want. Resign as CEO and Chairman and start selling his 20% stake in the company. (He's its largest shareholder.) Just turn his back on it and walk away. Doing that would absolutely crash the share price but his stake should still be worth perhaps $10 billion. So Elon wouldn't be hurting, even if Tesla might find itself on the ropes afterwards. He could roll the proceeds into SpaceX or some other visionary new company (privately held, of course).

It reminds me of when Apple's board of directors forced out Steve Jobs and the company promptly imploded, until they begged him to please, please, please come back as it neared bankruptcy. After which the company became the largest corporation in America by market cap.
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#9
(Sep 29, 2018 03:49 AM)Yazata Wrote: Apparently the SEC is asking the court to ban Elon Musk from being an officer on any publicly traded firm. That sounds a little stupid to me, given that this guy is one of the most brilliant entrepeneurs around. (Cut off your nose to spite your face, SEC.)

Luckily, SpaceX is privately held and isn't publicly traded. So forcing Musk out of Tesla and banning him from taking any other company public in the future wouldn't impact SpaceX.

One wonders what forcing Musk out of Tesla would do to Tesla. Right now, the company is a rock-star, exceedingly cool. That's why its market-cap is up there with Ford and GM. Where I live (Silicon Valley) Teslas are selling well and I see many of them on the street. And that's all because of Elon Musk. If he leaves, Tesla suddenly becomes just another boring car company, one that's struggling with no profits to speak of. The coolness factor would evaporate and potential buyers would start worrying about the company going out of business. Sales would shrivel and Tesla would probably quickly tank.

Well, that would certainly please the short-sellers. According to Bloomberg, the Tesla shorts who have been trying to drive down the share price made $1.3 billion just today.  

According to CNBC:

"The SEC civil action may lead to Musk's exit from Tesla (either permanently or temporarily) and the Musk premium in the shares dissipating," analyst Brian Johnson said in a note to clients Friday. "Tesla shares have ~$130 of Musk premium for future success that might dissipate. Tesla's stock closed at $307.52 Thursday. Johnson reiterated his underweight rating and $210 price target for Tesla shares.

Musk founded Tesla and he loves the company. But if this shit continues, maybe he should just say "fuck it, it's not worth the aggravation" and give his critics what they want. Resign as CEO and Chairman and start selling his 20% stake in the company. (He's its largest shareholder.) Just turn his back on it and walk away. Doing that would absolutely crash the share price but his stake should still be worth perhaps $10 billion. So Elon wouldn't be hurting, even if Tesla might find itself on the ropes afterwards. He could roll the proceeds into SpaceX or some other visionary new company (privately held, of course).

It reminds me of when Apple's board of directors forced out Steve Jobs and the company promptly imploded, until they begged him to please, please, please come back as it neared bankruptcy. After which the company became the largest corporation in America by market cap.

i would have thought there would be many capitalist american CEO's jumping to defend him.
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#10
https://www.bbc.com/news/business-45696150
Elon Musk reaches deal over tweets about taking Tesla private

Quote:Elon Musk must step down as Tesla chair and pay a fine after reaching a deal with US regulators over tweets he posted about taking the firm private.
It follows Thursday's decision by the Securities and Exchange Commission (SEC) to sue Mr Musk for alleged securities fraud.
Under the deal, Mr Musk will remain as Tesla CEO but will step down as chairman for three years.
Both he and Tesla will also have to pay a $20m (£15m) fine.
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