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Keep in mind that this position was built via the secondary market and not from Tesla itself. And that the position size would be about 3 Billion, a large but

Keep in mind that this position was built via the secondary market and not from Tesla itself. And that the position size would be about 3 Billion, a large but pretty ordinary size for a fund of their size. They also put in $400 million into magic leap, ar large bet on Uber and about $50 Billion into the Softbank vision fund that is throwing money around. I think this puts them about the 8th largest shareholder of Tesla. As an aside, with Musk's recent tweet I think he's going to get a pretty stern talking to by the SEC about discomfiture and Reg FD. Even if its true, 1) You've now used that bullet in your gun against the short sellers 2) Did it in a very dubious way, via twitter rather than RegFD disclosure. 3) will now have to answer questions about this "private takeover", ie where is the money coming from? how long is it committed for? For what? An SEC headache a momentary pop that was immediately erased? The tweet caused a momentary pop in the stock price which was erased about 2 minutes after it popped. The market can be exceedingly good and correcting itself. Elon seems to be doubling down https://twitter.com/elonmusk/status/1026879404905885697 https://twitter.com/elonmusk/status/1026879404905885697

fossuser 8y ago
Is it corrected? I'm still seeing it up $25.
- chollida1 8y ago
  The initial pop was related to a report that the Saudi fund built a position in Tesla. The stock is now right about where it was when Musk tweeted.
- frgtpsswrdlame 8y ago
  Today's peak TSLA price was $371.07 (through my provider) so it's yet to be seen whether it will reach that again or close lower.
  - fossuser 8y ago
    Looks like it's up to $380 after hours.
- zaroth 8y ago
  It opened at $341.50. By 12:48 just before the tweet it had risen to $359.88. Immediately after the tweet it hit its intraday high of $371.15 and then quickly fell back to $362. It’s been trending upwards since and now sits around $367. Considering it was below $300 a week ago, it’s been a pretty good week for Elon.
clairity 8y ago
> “The tweet caused a momentary pop in the stock price which was erased about 2 minutes after it popped. The market can be exceedingly good and correcting itself.” interesting, i look at that same 2 minutes and think “a little market distortion”, because in that time, some institutional investor(s) probably took advantage of some individual traders using their algorithmically-enhanced speed and information asymmetry (not taking sides here, as both should know the game they’re in). an “exceedingly good” correction wouldn’t have been a blip at all, because the correction would have been happening simultaneous to the distortion.
thesimon 8y ago
>Elon seems to be doubling down Yep. https://twitter.com/elonmusk/status/1026894228541071360 https://twitter.com/elonmusk/status/1026894228541071360 >Shareholders could either to sell at 420 or hold shares & go private And he might have even confirmed his statement selectively https://twitter.com/GerberKawasaki/status/1026874551592837120 https://twitter.com/GerberKawasaki/status/102687455159283712... Trading for $TSLA currently halted (T1: halted pending the release of material news)-
whatok 8y ago
SEC says social media complies with Reg FD: https://www.sec.gov/news/press-release/2013-2013-51htm https://www.sec.gov/news/press-release/2013-2013-51htm
- thesimon 8y ago
  >so long as investors have been alerted about which social media will be used to disseminate such information.
- chollida1 8y ago
  yes, but only > so long as investors have been alerted about which social media will be used to disseminate such information. and if the stock has been halted for news before you post on twitter. At the very least he violated the later making this a moot point. I can't speak to if Elon's personal twitter account can be used for official Tesla news but it seems pretty suspect.
  - whatok 8y ago
    Twitter isn't some esoteric social media platform and Elon has made extensive use of it which has moved the stock. I don't see where disclosures taking place being relevant in 2018 but admit there's not a lot of precedent behind this. Agreed on the halt.
  - zaroth 8y ago
    I don’t see anything in the linked SEC page about needing to halt trading before making the post? > Regulation FD requires companies to distribute material information in a manner reasonably designed to get that information out to the general public broadly and non-exclusively. It is intended to ensure that all investors have the ability to gain access to material information at the same time. Sounds like Twitter is the perfect mechanism to achieve this in a fair manner. > The report of investigation explains that although every case must be evaluated on its own facts, disclosure of material, nonpublic information on the personal social media site of an individual corporate officer — without advance notice to investors that the site may be used for this purpose — is unlikely to qualify as an acceptable method of disclosure under the securities laws So the question is did Elon/Tesla ever put investors on notice that material statements could be made through his Twitter account? Since it seems like he’s done this regularly in the past. There was even an institution investor that joked about Elon’s “Return on Tweet” and many articles written about Musk’s Twitter habit. I couldn’t say if a long past history of breaking news on Twitter is enough to have put investors on notice that material statements could come through that channel.
deleted 8y ago
[deleted]
ensignavenger 8y ago
Was it posted on Twitter before the official post on the Tesla website?
dayaz36 8y ago
Which stock chart are you reading? It went up 11% then down 2% the next day. That's not "erasing" the pop...

fossuser 8y ago

Is it corrected? I'm still seeing it up $25.

chollida1 8y ago
The initial pop was related to a report that the Saudi fund built a position in Tesla. The stock is now right about where it was when Musk tweeted.
frgtpsswrdlame 8y ago
Today's peak TSLA price was $371.07 (through my provider) so it's yet to be seen whether it will reach that again or close lower.
- fossuser 8y ago
  Looks like it's up to $380 after hours.
zaroth 8y ago
It opened at $341.50. By 12:48 just before the tweet it had risen to $359.88. Immediately after the tweet it hit its intraday high of $371.15 and then quickly fell back to $362. It’s been trending upwards since and now sits around $367. Considering it was below $300 a week ago, it’s been a pretty good week for Elon.

clairity 8y ago

> “The tweet caused a momentary pop in the stock price which was erased about 2 minutes after it popped. The market can be exceedingly good and correcting itself.” interesting, i look at that same 2 minutes and think “a little market distortion”, because in that time, some institutional investor(s) probably took advantage of some individual traders using their algorithmically-enhanced speed and information asymmetry (not taking sides here, as both should know the game they’re in). an “exceedingly good” correction wouldn’t have been a blip at all, because the correction would have been happening simultaneous to the distortion.

thesimon 8y ago

>Elon seems to be doubling down Yep. https://twitter.com/elonmusk/status/1026894228541071360 https://twitter.com/elonmusk/status/1026894228541071360 >Shareholders could either to sell at 420 or hold shares & go private And he might have even confirmed his statement selectively https://twitter.com/GerberKawasaki/status/1026874551592837120 https://twitter.com/GerberKawasaki/status/102687455159283712... Trading for $TSLA currently halted (T1: halted pending the release of material news)-

whatok 8y ago

SEC says social media complies with Reg FD: https://www.sec.gov/news/press-release/2013-2013-51htm https://www.sec.gov/news/press-release/2013-2013-51htm

thesimon 8y ago
>so long as investors have been alerted about which social media will be used to disseminate such information.
chollida1 8y ago
yes, but only > so long as investors have been alerted about which social media will be used to disseminate such information. and if the stock has been halted for news before you post on twitter. At the very least he violated the later making this a moot point. I can't speak to if Elon's personal twitter account can be used for official Tesla news but it seems pretty suspect.
- whatok 8y ago
  Twitter isn't some esoteric social media platform and Elon has made extensive use of it which has moved the stock. I don't see where disclosures taking place being relevant in 2018 but admit there's not a lot of precedent behind this. Agreed on the halt.
- zaroth 8y ago
  I don’t see anything in the linked SEC page about needing to halt trading before making the post? > Regulation FD requires companies to distribute material information in a manner reasonably designed to get that information out to the general public broadly and non-exclusively. It is intended to ensure that all investors have the ability to gain access to material information at the same time. Sounds like Twitter is the perfect mechanism to achieve this in a fair manner. > The report of investigation explains that although every case must be evaluated on its own facts, disclosure of material, nonpublic information on the personal social media site of an individual corporate officer — without advance notice to investors that the site may be used for this purpose — is unlikely to qualify as an acceptable method of disclosure under the securities laws So the question is did Elon/Tesla ever put investors on notice that material statements could be made through his Twitter account? Since it seems like he’s done this regularly in the past. There was even an institution investor that joked about Elon’s “Return on Tweet” and many articles written about Musk’s Twitter habit. I couldn’t say if a long past history of breaking news on Twitter is enough to have put investors on notice that material statements could come through that channel.

deleted 8y ago

[deleted]

ensignavenger 8y ago

Was it posted on Twitter before the official post on the Tesla website?

dayaz36 8y ago

Which stock chart are you reading? It went up 11% then down 2% the next day. That's not "erasing" the pop...