-
Ever wanted an RSS feed of all your favorite gaming news sites? Go check out our new Gaming Headlines feed! Read more about it here.
-
We have made minor adjustments to how the search bar works on ResetEra. You can read about the changes here.
Elon Musk tweets that he is considering taking Tesla private. Update: Trading halted.
- Thread starter Thisman
- Start date
Holy moly. That is a really drastic move.
Not sure if it's the right way to move forward for Tesla, but it would certainly create a buffer against fickle public opinion.
Not sure if it's the right way to move forward for Tesla, but it would certainly create a buffer against fickle public opinion.
not sure if serious
it his personal twitter he is talking about himself, why would he talk in third person and say "musk is considering"
I'm seriously struggling to see what the connection is between going public/private and ethics. If anything, going public causes companies to act much more unethically to satisfy the short-term bottom-line because share holders are greedy and myopic.
With private companies, at the very least they aren't beholden to investors and can plan for the long term.
That's not what he's talking about. OP says "It's happening" Tesla says he's 'considering' it.
I think he's pointing that Musk considering doing something isn't the same as him doing something as implied in the OP's title.
Probably for the best so they don't have to have constant negative news cycles about their sales performance but I'd feel like announcing it like this has to be illegal? If he doesn't do it couldn't this be considered blatant marker manipulation?
yah, i thought the poster was complaining about grammar lol
Musk soon proceeds to sell all his stock...na, I change my mind now.
It's the best move possible if you have a company that is struggling to make profit but you believe in the long term goals.
In general i think companies are healthier when private, public means pressure to grow "no matter what" and that no matter what often means bad stuff for employees and customer.
In general i think companies are healthier when private, public means pressure to grow "no matter what" and that no matter what often means bad stuff for employees and customer.
Well he already has 20% so only $56 Billion to find...
Musk will get loans then put the debt onto Tesla. His underwriters must feel confident that Tesla will be able to finance the debt or be able to re-float at a much hgher value in a few years.
This is either market manipulation or a hack tweet. I'm going with the latter. Such a batshit insane tweet. the 420 looks like a joke. Not sure if the tweet is even legal.
I'm not sure. Seems like driving up the price before buying a company would be dumb.
Likely took the current stock price, added a reasonable percentage, like 25%, to entice shareholders to sell for the takeover.
I guess they buy out your shares and you're forced to cash out on the stock?
If the company goes private you would have your stock bought from you. In this case Mr Musk is saying at $420/share Current rate is $363 (or so) Was $340 at open
Considering doing something versus saying you're going to do it are two very different things.
The stock market is driven by rumors and speculation, not sure why this is such an issue for this thread.
Apple was CONSIDERING making a car and commented on it. They aren't anymore. No one is going to prison for that.
"Tesla is" is very different from "Am considering"
"Tesla is" implies the company is moving forward with something
Musk tweeting "Am considering" means he's thought about it, and that's it. It would still require board approval.