4 ms·
It will be hard to know how much TSLA's current value is due to this vs. how much is the current climate of the whole market.
by loceng 4y ago
It will be hard to know how much TSLA's current value is due to this vs. how much is the current climate of the whole market.
- dragontamer 4y agoDoes it matter? Under the original plan, Musk needs to sell approximately $20 billion more of TSLA stock before the original deal could be accomplished. What do you think will happen to TSLA share price if Musk did that? It's a hard job to find $40+ billion dollars. You gotta sell assets, and when you sell those assets, they fall in price significantly.
- sounds 4y agoI think the parent was suggesting, without being so blunt, that TSLA is undervalued and grabbing some of those shares while they're cheap is his strategy. And, of course, the counterstrategy is to wait until next Wednesday, when the price of TSLA moves upward, then sell and catch the falling knife when other institutional buyers ease off the stock price. To be clear, I hold no shares of TSLA because you can get hurt trying to catch falling knives.