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>Do you understand that's not what happens when shares are acquired on the open market? Do you understand that Tencent bought shares in a secondary offering?

>Do you understand that's not what happens when shares are acquired on the open market? Do you understand that Tencent bought shares in a secondary offering? Apparently you do, you said it. Not sure what you're arguing. Do you understand the purpose of selling shares is to raise money for operations?

danhak 10y ago
Maybe I'm misunderstanding. Your comments suggest to me that you think there was yet another secondary offering associated with this news. > The 8,167,544 shares of Issuer common stock were acquired by the reporting persons in a registered offering of common stock by the Issuer on March 17, 2017 and through open market purchases, for an aggregate purchase price of $1,777,842,836 (including commission). That means Tencent acquired its position at an average price of $217 / share. The March 17 secondary was priced at $255 / share. Algebra tells us that > 98% of Tencent's position was acquired on the open market and the rest via the March 17 offering.
- prolly_a_moron 10y ago
  >Tencent's position was acquired on the open market and the rest via the March 17 offering. Editing because I think we were talking past each other. Yes, I didn't mean this specific event. I tend to meld all these TSLA threads together in my mind.
  - danhak 10y ago
    Here's a comment you wrote elsewhere in this thread: > It's my understanding that this was another offering, so, essentially, Tesla sold 5% to Tencent at an average price of $217 and change. Current shareholders get diluted. Prices go up. This is entirely incorrect. The only shares Tesla told to Tencent were priced at $255 as part of the March 17 offering, and that only represents < 2% of Tencent's position.
    - prolly_a_moron 10y ago
      >This is entirely incorrect. The comment was 4 hours old, based off a Seeking Alpha news bulletin (I should have known better) and was prefaced with "it's my understanding..." which left it open for you, or anyone else, to correct. What exactly are you out to prove here?
      - danhak 10y ago
        I'm not out to prove anything. I was just trying to correct misinformation, just like you said!
      - skinnymuch 10y ago
        Isn't that exactly what he did? Correct you?

danhak 10y ago

Maybe I'm misunderstanding. Your comments suggest to me that you think there was yet another secondary offering associated with this news. > The 8,167,544 shares of Issuer common stock were acquired by the reporting persons in a registered offering of common stock by the Issuer on March 17, 2017 and through open market purchases, for an aggregate purchase price of $1,777,842,836 (including commission). That means Tencent acquired its position at an average price of $217 / share. The March 17 secondary was priced at $255 / share. Algebra tells us that > 98% of Tencent's position was acquired on the open market and the rest via the March 17 offering.

prolly_a_moron 10y ago
>Tencent's position was acquired on the open market and the rest via the March 17 offering. Editing because I think we were talking past each other. Yes, I didn't mean this specific event. I tend to meld all these TSLA threads together in my mind.
- danhak 10y ago
  Here's a comment you wrote elsewhere in this thread: > It's my understanding that this was another offering, so, essentially, Tesla sold 5% to Tencent at an average price of $217 and change. Current shareholders get diluted. Prices go up. This is entirely incorrect. The only shares Tesla told to Tencent were priced at $255 as part of the March 17 offering, and that only represents < 2% of Tencent's position.
  - prolly_a_moron 10y ago
    >This is entirely incorrect. The comment was 4 hours old, based off a Seeking Alpha news bulletin (I should have known better) and was prefaced with "it's my understanding..." which left it open for you, or anyone else, to correct. What exactly are you out to prove here?
    - danhak 10y ago
      I'm not out to prove anything. I was just trying to correct misinformation, just like you said!
    - skinnymuch 10y ago
      Isn't that exactly what he did? Correct you?