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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 av
by 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 agoI'm not out to prove anything. I was just trying to correct misinformation, just like you said!
- skinnymuch 10y agoIsn't that exactly what he did? Correct you?