3 ms·

This feels like a rushed announcement. First you throw out a tweet, later in the day you halt trading, then you make an announcement that you're "considering"

This feels like a rushed announcement. First you throw out a tweet, later in the day you halt trading, then you make an announcement that you're "considering" something major, but that you haven't decided yet. Not only that, but Musk seems a tad bit paranoid. He's regularly talking about all those evil greedy short-term traders that attack the company -- which is a little silly since traders have given Tesla a larger market cap than GM and Ford.

gameswithgo 8y ago
I think he is more concerned about actual espionage, sabotage, manufactured bad press etc, than the stock price manipulation. That maybe indeed be paranoia or maybe he has seen it happening enough.
- fpoling 8y ago
  Huge shorts positions give strong insensitive to pay for sabotage or other real harm to the company.
takeda 8y ago
From the beginning that I got interest in Tesla there were scary stories that they will fail, their cars are crap etc. Now as I think of it, most likely authors of these stories did it to cause stock to dip so they can purchase at lower price and once it recovers sell. The traders that are actually help the company purchased stock a while ago and are just keeping it. The get-rich-quick traders are the ones that are ones that are hurting the company. His announcement mentions that they are thinking to leave option to hold private stock or purchase at $420/share. I think the idea is basically to get rid of those bad investors, since if you would opt to the private stock you wouldn't be able to sell it easily.
codeulike 8y ago
Its a done deal apart from the shareholder vote apparently "Investor support is confirmed. Only reason why this is not certain is that it’s contingent on a shareholder vote." https://twitter.com/elonmusk/status/1026914941004001280 https://twitter.com/elonmusk/status/1026914941004001280

gameswithgo 8y ago

I think he is more concerned about actual espionage, sabotage, manufactured bad press etc, than the stock price manipulation. That maybe indeed be paranoia or maybe he has seen it happening enough.

fpoling 8y ago
Huge shorts positions give strong insensitive to pay for sabotage or other real harm to the company.

takeda 8y ago

From the beginning that I got interest in Tesla there were scary stories that they will fail, their cars are crap etc. Now as I think of it, most likely authors of these stories did it to cause stock to dip so they can purchase at lower price and once it recovers sell. The traders that are actually help the company purchased stock a while ago and are just keeping it. The get-rich-quick traders are the ones that are ones that are hurting the company. His announcement mentions that they are thinking to leave option to hold private stock or purchase at $420/share. I think the idea is basically to get rid of those bad investors, since if you would opt to the private stock you wouldn't be able to sell it easily.

codeulike 8y ago

Its a done deal apart from the shareholder vote apparently "Investor support is confirmed. Only reason why this is not certain is that it’s contingent on a shareholder vote." https://twitter.com/elonmusk/status/1026914941004001280 https://twitter.com/elonmusk/status/1026914941004001280