MVP
Supporter
- Feb 28, 2008
- 83,044
- 85,658
So it's finally safe to order a Model 3?
The Tesla Motors Appreciation Thread
- Nov 2, 2006
- 15,448
- 16,780
thought this was interesting. dont know if son is a genius or nuts
- Feb 8, 2014
- 207
- 136
This Tesla going out of business talk is funny. I actually own stock in the company....ain’t gonna lie the last few months had me shook part my shares are starting to show profit. Tesla selling a hundred fleet vehicles to Walmart and once they get autopilot fully figured out they’re going to replace the whole fleet with Tesla’s (feel bad for truckers btw). Once they get the Tesla Uber service set up I’m bout to be on a beach with my feet up.
- Aug 1, 2004
- 70,049
- 24,223
still burnin cash & ev credit bout to expire ain't a good look.
- May 23, 2005
- 63,609
- 50,740
Tesla weighs taking company private, but no decisions made yet
Published 2 Hours Ago Updated 1 Min AgoCNBC.com
Tesla jumps on Elon Musk tweet to go private 2 Hours Ago | 03:10
Tesla CEO Elon Musk stunned investors Tuesday with a string of tweets saying he is considering taking the company private, in what would be the largest deal of its kind.
"Am considering taking Tesla private at $420. Funding secured," Musk said in a tweet shortly before 1 p.m. Musk discussed the plans further in a blog post later Tuesday.
From there Musk tweeted several times. In responses to questions on Twitter, Musk said he will ensure the prosperity of shareholders "in any scenario." If Tesla went private, current investors could keep their stakes in Tesla through a special fund, or sell their shares at $420, he said.
Shares jumped after Musk's first tweet, trading as high as $371.15 before giving back gains. Shortly after 2 p.m. the stock was halted at $367.25, up 7.39 percent for the day. Trading in Tesla's stock would resume at 3:45 p.m. the company said.
Tesla shares were already trading higher on a report of a new stake from the Saudi Arabia sovereign wealth fund.
In the past year, Tesla shares have traded as low as $244.59 in April and as high as $389.61 in September.
Tesla went public in 2010. Its current market value is $61 billion. At a share price of $420, the company would be worth $71.3 billion.
Although Musk mentioned funding in his initial tweet, a blog post from Tesla did not include any mention of financing. CNBC also contacted a number of Wall Street banks and none of them was aware of any transaction or had committed to funding a leveraged buyout of Tesla.
The Securities and Exchange Commission also declined to comment on the matter. However, companies are allowed to use social media outlets like Facebook and Twitter to announce news, the SEC said in 2013.
He also said he does not currently have a controlling vote in the company and wouldn't expect a single shareholder to have one if the company were private. He said he had no intention of selling his stake, and he said he would remain as CEO.
Taking Tesla private could remove some of the pressure on the closely watched company. Private firms, for example, are not required to publicly report quarterly earnings. Musk also said being private would end "negative propaganda from shorts."
Musk has said he expects Tesla to begin being profitable in the third quarter of 2018.
Investors have been concerned about the amount of cash Tesla has been burning through and whether the company would need to raise additional funds to support its growth plans, which include introducing a semi-truck, a crossover SUV called the Model Y, more factories around the world, and other projects.
- Tesla shares were halted at $367 a share on Tuesday after Musk issued a string of tweets about possible taking the company private at $420 a share.
- Tesla's market value at $420 a share would be about $71 billion.
Published 2 Hours Ago Updated 1 Min AgoCNBC.com
Tesla jumps on Elon Musk tweet to go private 2 Hours Ago | 03:10
Tesla CEO Elon Musk stunned investors Tuesday with a string of tweets saying he is considering taking the company private, in what would be the largest deal of its kind.
"Am considering taking Tesla private at $420. Funding secured," Musk said in a tweet shortly before 1 p.m. Musk discussed the plans further in a blog post later Tuesday.
From there Musk tweeted several times. In responses to questions on Twitter, Musk said he will ensure the prosperity of shareholders "in any scenario." If Tesla went private, current investors could keep their stakes in Tesla through a special fund, or sell their shares at $420, he said.
Shares jumped after Musk's first tweet, trading as high as $371.15 before giving back gains. Shortly after 2 p.m. the stock was halted at $367.25, up 7.39 percent for the day. Trading in Tesla's stock would resume at 3:45 p.m. the company said.
Tesla shares were already trading higher on a report of a new stake from the Saudi Arabia sovereign wealth fund.
In the past year, Tesla shares have traded as low as $244.59 in April and as high as $389.61 in September.
Tesla went public in 2010. Its current market value is $61 billion. At a share price of $420, the company would be worth $71.3 billion.
Although Musk mentioned funding in his initial tweet, a blog post from Tesla did not include any mention of financing. CNBC also contacted a number of Wall Street banks and none of them was aware of any transaction or had committed to funding a leveraged buyout of Tesla.
The Securities and Exchange Commission also declined to comment on the matter. However, companies are allowed to use social media outlets like Facebook and Twitter to announce news, the SEC said in 2013.
He also said he does not currently have a controlling vote in the company and wouldn't expect a single shareholder to have one if the company were private. He said he had no intention of selling his stake, and he said he would remain as CEO.
Taking Tesla private could remove some of the pressure on the closely watched company. Private firms, for example, are not required to publicly report quarterly earnings. Musk also said being private would end "negative propaganda from shorts."
Musk has said he expects Tesla to begin being profitable in the third quarter of 2018.
Investors have been concerned about the amount of cash Tesla has been burning through and whether the company would need to raise additional funds to support its growth plans, which include introducing a semi-truck, a crossover SUV called the Model Y, more factories around the world, and other projects.
- Jul 27, 2013
- 12,092
- 14,916
Rumors are that he was tweeting from inside his PJ in transit.
https://finance.yahoo.com/news/teslas-elon-musk-just-invited-big-lawsuit-193337579.html
https://finance.yahoo.com/news/teslas-elon-musk-just-invited-big-lawsuit-193337579.html
Last edited:
- May 23, 2005
- 63,609
- 50,740
Tesla's stock falls sharply after Elon Musk's tearful interview
by David Goldman @DavidGoldmanCNNAugust 17, 2018: 1:10 PM ET
https://niketalk.com/video/investin...ates-tesla-ceo-elon-musk-harvey-pitt.cnnmoney
tearful interview with The New York Times, Musk said this has been "the most difficult and painful year" of his career. He said he works 120 hours some weeks and has trouble sleeping. Musk is also CEO of SpaceX and The Boring Company.
Investors weren't sympathetic.
The stock closed down 9% on Friday, and it's down 21% since the day Musk tweeted he had secured funding for a private takeover of Tesla (TSLA).
Musk hasn't exactly given investors confidence that he's on the ball.
He admitted in the Times interview that he hadn't cleared his tweet with anyone at Tesla before firing it off midday August 7.
He also said that the price he chose — $420 a share — was somewhat arbitrary. He wanted it to be a 20% premium, which would have been around $419. So he tweeted $420 because it was "better karma."
Musk explained himself in a blog post this week, and he left the impression that he hadn't exactly secured the funding.
He said he left a July 31 meeting with the Saudi sovereign wealth fund "with no question that a deal with the Saudi sovereign fund could be closed, and that it was just a matter of getting the process moving."
That is far more preliminary than his tweet led investors to believe. The board also said it hasn't even fully explored whether to go private.
That's one of the reasons the stock has fallen so much after soaring 11% on the day of his tweet.
But Musk's tweet has also opened Tesla to increased scrutiny and lawsuits. The SEC is reportedly investigating Musk's tweet and had already been looking into Tesla's Model 3 production troubles. SEC has declined comment to CNNMoney.
The Times reported that some Tesla board members are concerned about Musk's frequent use of Ambien as well as his occasional use of recreational drugs.
"We would like to make clear that Elon's commitment and dedication to Tesla is obvious," Tesla said in a statement. "Over the past 15 years, Elon's leadership of the Tesla team has caused Tesla to grow from a small startup to having hundreds of thousands of cars on the road that customers love, employing tens of thousands of people around the world, and creating significant shareholder value in the process."
by David Goldman @DavidGoldmanCNNAugust 17, 2018: 1:10 PM ET
https://niketalk.com/video/investin...ates-tesla-ceo-elon-musk-harvey-pitt.cnnmoney
tearful interview with The New York Times, Musk said this has been "the most difficult and painful year" of his career. He said he works 120 hours some weeks and has trouble sleeping. Musk is also CEO of SpaceX and The Boring Company.
Investors weren't sympathetic.
The stock closed down 9% on Friday, and it's down 21% since the day Musk tweeted he had secured funding for a private takeover of Tesla (TSLA).
Musk hasn't exactly given investors confidence that he's on the ball.
He admitted in the Times interview that he hadn't cleared his tweet with anyone at Tesla before firing it off midday August 7.
He also said that the price he chose — $420 a share — was somewhat arbitrary. He wanted it to be a 20% premium, which would have been around $419. So he tweeted $420 because it was "better karma."
Musk explained himself in a blog post this week, and he left the impression that he hadn't exactly secured the funding.
He said he left a July 31 meeting with the Saudi sovereign wealth fund "with no question that a deal with the Saudi sovereign fund could be closed, and that it was just a matter of getting the process moving."
That is far more preliminary than his tweet led investors to believe. The board also said it hasn't even fully explored whether to go private.
That's one of the reasons the stock has fallen so much after soaring 11% on the day of his tweet.
But Musk's tweet has also opened Tesla to increased scrutiny and lawsuits. The SEC is reportedly investigating Musk's tweet and had already been looking into Tesla's Model 3 production troubles. SEC has declined comment to CNNMoney.
The Times reported that some Tesla board members are concerned about Musk's frequent use of Ambien as well as his occasional use of recreational drugs.
"We would like to make clear that Elon's commitment and dedication to Tesla is obvious," Tesla said in a statement. "Over the past 15 years, Elon's leadership of the Tesla team has caused Tesla to grow from a small startup to having hundreds of thousands of cars on the road that customers love, employing tens of thousands of people around the world, and creating significant shareholder value in the process."
- Apr 16, 2007
- 6,227
- 2,339
- Aug 22, 2012
- 8,759
- 7,543
Interesting to hear that he disclosed the attempt to bring Sandberg over.
- Jul 20, 2017
- 4,669
- 4,480
People still buying those Tesla Minivans?
- Sep 10, 2011
- 27,788
- 12,457
yeah see a lot of them
im in the bay tho
starting to see more 3's and X's nowadays
im in the bay tho
starting to see more 3's and X's nowadays
- Apr 5, 2008
- 39,555
- 80,059
- Aug 5, 2017
- 629
- 1,166
Guy is trying to destroy his company. Can’t see how any serious investor would have confidence in him.
- May 23, 2005
- 63,609
- 50,740
- Sep 22, 2007
- 12,929
- 1,587
I don’t see why smoking weed hurts the company
He didn’t even hit it
And he said he doesn’t smoke cause it’s not good for productivity
He didn’t even hit it
And he said he doesn’t smoke cause it’s not good for productivity
- Jul 20, 2009
- 64,968
- 196,211
The weed by itself is not what caused the dip. It was two execs quiting on the same day and saying Musk and other leadership do not listen to reason is what caused it.
- Sep 22, 2007
- 12,929
- 1,587
Thanks
I didn’t read too much into it but I noticed the news showing him smoking weed over and over saying the stock crashed
Might buy one for ****s n giggles
- Jul 18, 2012
- 8,560
- 8,444
lolz
TheGodFresco
formerly gsdoubleu
- Aug 31, 2007
- 24,478
- 2,308
- Oct 10, 2005
- 21,576
- 12,426
- Sep 10, 2011
- 27,788
- 12,457
- Jul 20, 2017
- 4,669
- 4,480
- Feb 25, 2010
- 24,952
- 23,299
- Sep 10, 2011
- 27,788
- 12,457
- Dec 13, 2004
- 74,835
- 62,716
does everyone qualify for those credit and savings?
Pricing Details
Pricing Details
- Model 3 Standard Range Rear-Wheel Drive$35,000
- Deep Blue Metallic Paint$1,500
- 18’’ Aero WheelsIncluded
- Standard Black InteriorIncluded
- Purchase Price$36,500
- Federal tax credit- $3,750
- California EV rebate- $2,500
- Est. 6-year gas savings- $4,300
- Estimated Savings
- $10,550
- Price after Est. Savings$25,950
