Author Topic: TSLA - Tesla Motors  (Read 655274 times)

SHDL

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Re: TSLA - Tesla Motors
« Reply #2860 on: May 02, 2019, 05:36:48 AM »


fuzzhead1506

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Re: TSLA - Tesla Motors
« Reply #2861 on: May 02, 2019, 01:07:07 PM »
I don't understand how people justify wild claims like this? Tesla to 4000?

https://www.youtube.com/watch?v=AWFjfYa28A0&t=230s

10% of her fund is in TSLA...what is she going to say?  I'm in TSLA because of the greater fool theory?  OR maybe there are so many TSLA fanboys, that she set up a fund to "rope them in"?  A marketing tool perhaps?  Perhaps she spouts insane nonsense simply to get in a segment on CNBC as she just did?

If this woman truly believes what she is saying I would suggest that she does not go to the marketplace, lest she be talked into trading her KASH for magic beans.

Further, I would also suggest looking closely at her portfolio, for if she is deluded about TSLA, what other turkeys does she have?  Taking the opposite position on her trades/holdings may be very lucrative indeed.

I am certainly not trying to defend her $4k price target, but she sometimes talks about this price target as being 5ish years out.  I still think it is quite bullish nonetheless and she is indeed a character. 


Looks like they’re finally moving to raise capital.  Aiming for $2bn total, roughly 1/3 equity and 2/3 convertible bonds:

https://www.sec.gov/Archives/edgar/data/1318605/000119312519133824/0001193125-19-133824-index.htm
https://www.sec.gov/Archives/edgar/data/1318605/000119312519133837/0001193125-19-133837-index.htm


The portion from the convertible bonds is money available to the company. However, I am curious abou the language re: equity portion ... does it actually provide Tesla with cash? 

from Page 6:

Quote
We will not receive any proceeds from the sale of shares of our common stock by the selling stockholders.

Maybe a big someone is getting out of their position... ??  Of course it is entirely possible I misunderstood the filing, but my read on the situation is that Tesla perhaps offered this filing to make it sound like they were raising equity.

spartansaver

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Re: TSLA - Tesla Motors
« Reply #2862 on: May 02, 2019, 01:42:09 PM »
I don't understand how people justify wild claims like this? Tesla to 4000?

https://www.youtube.com/watch?v=AWFjfYa28A0&t=230s

10% of her fund is in TSLA...what is she going to say?  I'm in TSLA because of the greater fool theory?  OR maybe there are so many TSLA fanboys, that she set up a fund to "rope them in"?  A marketing tool perhaps?  Perhaps she spouts insane nonsense simply to get in a segment on CNBC as she just did?

If this woman truly believes what she is saying I would suggest that she does not go to the marketplace, lest she be talked into trading her KASH for magic beans.

Further, I would also suggest looking closely at her portfolio, for if she is deluded about TSLA, what other turkeys does she have?  Taking the opposite position on her trades/holdings may be very lucrative indeed.

I am certainly not trying to defend her $4k price target, but she sometimes talks about this price target as being 5ish years out.  I still think it is quite bullish nonetheless and she is indeed a character. 


Looks like they’re finally moving to raise capital.  Aiming for $2bn total, roughly 1/3 equity and 2/3 convertible bonds:

https://www.sec.gov/Archives/edgar/data/1318605/000119312519133824/0001193125-19-133824-index.htm
https://www.sec.gov/Archives/edgar/data/1318605/000119312519133837/0001193125-19-133837-index.htm


The portion from the convertible bonds is money available to the company. However, I am curious abou the language re: equity portion ... does it actually provide Tesla with cash? 

from Page 6:

Quote
We will not receive any proceeds from the sale of shares of our common stock by the selling stockholders.

Maybe a big someone is getting out of their position... ??  Of course it is entirely possible I misunderstood the filing, but my read on the situation is that Tesla perhaps offered this filing to make it sound like they were raising equity.

It sounds to me like share count is increasing and TSLA is raising capital. Common shares post-raise is 176.4mn vs pre-raise of 173.7mn. A difference 2.7mn shares at a $239 share price equates to a cash raise of ~$640mn which the company is guiding towards post secondary offering (excludes convertible offering).

stahleyp

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Re: TSLA - Tesla Motors
« Reply #2863 on: May 06, 2019, 06:57:55 AM »
This speaks well for Ford :P

https://www.cnn.com/2019/05/06/tech/amazon-alexa-skills-blueprints/index.html


Works as a software developer for Ford...uses his extra money to buy a Tesla.
Paul

Investmentacct

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Re: TSLA - Tesla Motors
« Reply #2864 on: May 06, 2019, 10:25:15 AM »
This speaks well for Ford :P

https://www.cnn.com/2019/05/06/tech/amazon-alexa-skills-blueprints/index.html


Works as a software developer for Ford...uses his extra money to buy a Tesla.

I believe only car which can use his Alexa/Smart Car/IOT Skills is Tesla and Program something like this: "Alexa, preheat Tesla to 70F". "Summon out of Garage and keep it ready for drive".

Disclosure: State of Michigan bans sale of Tesla. People figures out which is better technology and productive use of time.



 

Liberty

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Re: TSLA - Tesla Motors
« Reply #2865 on: May 08, 2019, 07:57:17 AM »
CGP Grey on a Tesla road trip:

https://youtu.be/_naDg-guomA
"Most haystacks don't even have a needle." |  I'm on Twitter  | This podcast episode is a must-listen

A Dhandho Investor

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Re: TSLA - Tesla Motors
« Reply #2866 on: May 08, 2019, 08:11:59 AM »
It sounds to me like share count is increasing and TSLA is raising capital. Common shares post-raise is 176.4mn vs pre-raise of 173.7mn. A difference 2.7mn shares at a $239 share price equates to a cash raise of ~$640mn which the company is guiding towards post secondary offering (excludes convertible offering).

The offering is indeed a combination of the convertible notes and share issuance. Someone on Twitter indicated that 50% of the shares were bought / offered to the Investment Banks involved in the issuance as they also provided Tesla with the hedge of the convertible (Tesla bought calls with a strike at 309 and sold calls with a strike at 607 to avoid dilution)

https://twitter.com/Trumpery45/status/1124811500680433664

There is also a good post about the transaction on this blog: https://empirefinancialresearch.com/articles/tesla-raises-2-4-billion-in-capital-is-tesla-desperate-taking-a-closer-look-at-the-deal

alwaysdrawing

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Re: TSLA - Tesla Motors
« Reply #2867 on: May 08, 2019, 08:54:19 AM »
It sounds to me like share count is increasing and TSLA is raising capital. Common shares post-raise is 176.4mn vs pre-raise of 173.7mn. A difference 2.7mn shares at a $239 share price equates to a cash raise of ~$640mn which the company is guiding towards post secondary offering (excludes convertible offering).

The offering is indeed a combination of the convertible notes and share issuance. Someone on Twitter indicated that 50% of the shares were bought / offered to the Investment Banks involved in the issuance as they also provided Tesla with the hedge of the convertible (Tesla bought calls with a strike at 309 and sold calls with a strike at 607 to avoid dilution)

https://twitter.com/Trumpery45/status/1124811500680433664

There is also a good post about the transaction on this blog: https://empirefinancialresearch.com/articles/tesla-raises-2-4-billion-in-capital-is-tesla-desperate-taking-a-closer-look-at-the-deal


That post is very helpful.  Shows the brilliance of the raise, to be honest.  Long term, I think this doesn't solve any of Tesla's problems, and I still think that the company is wildly over-valued, but the capital raise really kills the short term liquidity crisis possibility, and gives Tesla a couple quarters to keep going. 

The raise really hurts option holders, and the structure very smartly accommodated convert buyers hedging without pushing down the share price.

Can't say I expect Tesla to do well with their myriad problems and Elon's wildly improbable claims and predictions, but the short term short thesis is much weaker when Tesla has cash in the bank.  This has truly been an incredible story to follow.

A Dhandho Investor

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Re: TSLA - Tesla Motors
« Reply #2868 on: May 09, 2019, 07:13:43 AM »
It sounds to me like share count is increasing and TSLA is raising capital. Common shares post-raise is 176.4mn vs pre-raise of 173.7mn. A difference 2.7mn shares at a $239 share price equates to a cash raise of ~$640mn which the company is guiding towards post secondary offering (excludes convertible offering).

The offering is indeed a combination of the convertible notes and share issuance. Someone on Twitter indicated that 50% of the shares were bought / offered to the Investment Banks involved in the issuance as they also provided Tesla with the hedge of the convertible (Tesla bought calls with a strike at 309 and sold calls with a strike at 607 to avoid dilution)

https://twitter.com/Trumpery45/status/1124811500680433664

There is also a good post about the transaction on this blog: https://empirefinancialresearch.com/articles/tesla-raises-2-4-billion-in-capital-is-tesla-desperate-taking-a-closer-look-at-the-deal


That post is very helpful.  Shows the brilliance of the raise, to be honest.  Long term, I think this doesn't solve any of Tesla's problems, and I still think that the company is wildly over-valued, but the capital raise really kills the short term liquidity crisis possibility, and gives Tesla a couple quarters to keep going. 

The raise really hurts option holders, and the structure very smartly accommodated convert buyers hedging without pushing down the share price.

Can't say I expect Tesla to do well with their myriad problems and Elon's wildly improbable claims and predictions, but the short term short thesis is much weaker when Tesla has cash in the bank.  This has truly been an incredible story to follow.

Brilliance, yes and no. I think they should have raised 5b instead of 2,7b. The 2,7 will not even allow them a full year without further capital raises as this blog post also suggests: https://www.forbes.com/sites/jimcollins/2019/05/09/teslas-capital-raise-offered-no-real-benefit-to-the-company-or-its-suffering-shareholders/#1dad3fce222c

The raise is enough to cover debt obligations and the working capital deficit, but will not allow them to fund the capex Tesla had foreseen for 2019 (2,5b).

I also guess that a follow-up raise will be equity only and will be more ugly given Tesla's current position.

DTEJD1997

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Re: TSLA - Tesla Motors
« Reply #2869 on: May 11, 2019, 08:57:40 AM »
Hey all:

It appears that the lawsuit against Mr. Musk by the "pedo" cave diver is progressing.

This is not good...the only thing is how bad it will be for Mr. Musk, and will he do/say anything silly?

Could also blow up into a multi-million dollar judgement against Mr. Musk.