Is/n't Tesla literally/figuratively crashing?

[Mythe_Seraph]

Dark silver / Gunmetal is the best car color. Fight me.

Highest reported color for incidents due to people not noticing they’re even there. Least favorite color hands down.

[Athas]

Did you need the slash? Dont they mean the same thing now?

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[TummieGaruda]

At least in the bay area, the 3 most common colors I see are Red, White and Black. I don't know why anyone would drive a white car up here with how shitty the roads are and all the rocks that hit your car while driving, just asking to be scratched the hell up.

Most people go the PPF + Ceramic Coating route on Teslas because the factory paint is soft due to strict OSHA guidelines and scratches easily. Bare minimum people will wrap the front only due to costs.

[Salodin]

Everyone's favorite submarine builder is considering making Tesla private, and says hes already secured funding.

https://money.cnn.com/2018/08/07/new...ate/index.html

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[archibaldcrane]

Everyone's favorite submarine builder is considering making Tesla private, and says hes already secured funding.

https://money.cnn.com/2018/08/07/new...ate/index.html

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And the stock jumped 7% but trading is currently "suspended" on it now.

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[archibaldcrane]

And it's literally unclear if he's doing a $420 joke

I have to imagine he's going to get sued for stock manipulation though

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[Salodin]

Not really fair to say he can't talk about his desire to make his company private, if that's something he really is considering doing.

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[archibaldcrane]

I'm not going to pretend that I know the relevant laws here.

[Zetanio]

This falls under the SEC's public disclosure rules. If there is an actual deal, which it seems like there is, he's being very forthright and straightforward. The SEC would have likely said something immediately. Musk's twitter, as mentioned in the CNN article, is a valid social media disclosure vehicle.

[Twixbars]

Stating that funding is secured could be considered stock manipulation by the SEC. Also, the T1 Halt is per TSLA request pending news (will open back to trading once news is out).

[Zetanio]

Stating that funding is secured could be considered stock manipulation by the SEC. Also, the T1 Halt is per TSLA request pending news (will open back to trading once news is out).

Could be, but in this case I doubt it.

[Twixbars]

Could be, but in this case I doubt it.

Only reason it could be is that companies are supposed to have it halted prior to releasing any statement / info about going private / buyout. Just have to wait and see at this point what the SEC wants to do / not do.

[Salodin]

I have it on good authority that the SEC takes stock manipulation very seriously. @elonmusk #timesup

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[archibaldcrane]

Letter to employees regarding taking Tesla private:

https://www.tesla.com/blog/taking-te...te?redirect=no

It probably would be nicer for employees to not be forced to grind at the end of every quarter to meet Elon's delivery overestimates.

[TsingTao]

I can't say I'm surprised. It would certainly be nice to not be constantly under siege by all the shorts. Slow down a bit, make sure you're building things right and treating your employees right, ramp up intelligently over time as you try and become a proper, high volume auto maker. I also expect that if a bunch of unsavory stuff could potentially come to light it's better to be private and not see your public stock price take a beating.

What happens to all the shorts if this happens?

[Zetanio]

Pretty sure nothing. It just unwinds the trade at whatever price they bought the short at and return the share to the broker.

[Fiye]

420 Nice

[TummieGaruda]

Pretty sure nothing. It just unwinds the trade at whatever price they bought the short at and return the share to the broker.

I wonder if this will slow down the Anti-Tesla news hit pieces which was used as a tactic to drive the price down for shorts...

[Zealot]

That could be pretty devastating for some of these shorters if the news turns out to be true.

[Twixbars]

Pretty sure nothing. It just unwinds the trade at whatever price they bought the short at and return the share to the broker.

Shorts are forced to cover prior to it going private regardless of price.