Well, here's the tweet...
https://twitter.com/elonmusk/status/1026872652290379776
There was nearly a 3 hour delay, in which Tesla shares were halted, before the company put out a statement. Here's what we said over that time period...
https://twitter.com/KeithMcCullough/status/1026874030421364736
https://twitter.com/KeithMcCullough/status/1026875296031625216
https://twitter.com/HedgeyeIndstrls/status/1026879928225222656
https://twitter.com/HedgeyeDJ/status/1026894927182159872
https://twitter.com/HedgeyeIndstrls/status/1026897080839823360
And then Tesla released its statement (an email from Musk to Tesla employees):
"Earlier today, I announced that I’m considering taking Tesla private at a price of $420/share. I wanted to let you know my rationale for this, and why I think this is the best path forward." |
And here's our response to Musk's verbally approved funding...
https://twitter.com/KeithMcCullough/status/1026910284345237505
https://twitter.com/KeithMcCullough/status/1026913822047723521
https://twitter.com/KeithMcCullough/status/1026914326265950211
https://twitter.com/KeithMcCullough/status/1026914490640728064
https://twitter.com/KeithMcCullough/status/1026914941578698752
https://twitter.com/KeithMcCullough/status/1026915480450359297
https://twitter.com/KeithMcCullough/status/1026915809275392001
Speculation about what happens next for Tesla ran rampant as the Financial Times broke a story about Saudi Arabia’s Public Investment Fund building "a stake of 3-5 per cent this year, putting it among Tesla’s largest investors. At Tesla’s current share price, the Saudi position is worth $1.7bn-$2.9bn." This makes the PIF one of Tesla’s eight biggest shareholders.
https://twitter.com/KeithMcCullough/status/1026921717120282624
https://twitter.com/KeithMcCullough/status/1026922144461213697
https://twitter.com/KeithMcCullough/status/1026923126729400320
https://twitter.com/KeithMcCullough/status/1026924566646599681
https://twitter.com/HedgeyeIndstrls/status/1026925882043244544
https://twitter.com/HedgeyeIndstrls/status/1026927176715853825
By the way, here's Hedgeye Industrials analyst Jay Van Sciver's #timestamp on adding Tesla as a Best Ideas short...