Musk then mocked Gates with a pregnant man emoji
Bill Gates Shorting Tesla Stock - 500 Million
- Thread starter TC Nole OX
- Start date
Musk then mocked Gates with a pregnant man emoji
Elon Musk confirmed leaked texts show him turning down a philanthropic opportunity with Bill Gates after asking the Microsoft founder if he was shorting Tesla
"I cannot take your philanthropy on climate change seriously when you have a massive short position against Tesla," Musk told Gates, per the texts.
Which Oligarch to side with…..always a conundrum
William O'neil quotes from his books
Black line is the 50 day moving average in this chart. Since December, TSLA has rallied above the 50-day three times.
Amazon product ASIN 0471710490
Amazon product ASIN B00QL33QP6
Black line is the 50 day moving average in this chart. Since December, TSLA has rallied above the 50-day three times.
Amazon product ASIN 0471710490
Amazon product ASIN B00QL33QP6
Last edited:
I kick myself for not buying Tesla years ago. Now I am scared but they do reliever vehicles while GM and Ford only deliver hype articles. That Hummer commercial was over a year ago and you still can’t buy one and even if they were available they are $100k+
April 26 (Reuters) - Tesla Inc (TSLA.O) lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc (TWTR.N).
Tesla is not involved in the Twitter deal, yet its shares have been targeted by speculators after Musk declined to disclose publicly where his cash for the acquisition is coming from. The 12.2% drop in Tesla's shares on Tuesday equated to a $21 billion drop in the value of his Tesla stake, the same as the $21 billion in cash he committed to the Twitter deal.
Wedbush Securities analyst Daniel Ives said that worries about upcoming stock sales by Musk and the possibility that he is becoming distracted by Twitter weighed on Tesla shares. "This (is) causing a bear festival on the name," he said.
Tesla did not immediately respond to a request for comment.
To be sure, Tesla's share plunge came against a challenging backdrop for many technology-related stocks. The Nasdaq closed at its lowest level since December 2020 on Tuesday, as investors worried about slowing global growth and more aggressive rate hikes from the U.S. Federal Reserve. read more
Twitter's shares also slid on Tuesday, falling 3.9% to close at $49.68 even though Musk agreed to buy it on Monday for $54.20 per share in cash. read more The widening spread reflects investor concern that the precipitous decline in Tesla's shares, from which Musk derives the majority of his $239 billion fortune, could lead the world's richest person to have second thoughts about the Twitter deal.
"If Tesla's share price continues to remain in freefall that will jeopardize his financing," said OANDA senior market analyst Ed Moya.
As part of the Tesla deal, Musk also took out a $12.5 billion margin loan tied to his Tesla stock. He had already borrowed against about half of his Tesla shares.
University of Maryland professor David Kirsch, whose research focuses on innovation and entrepreneurship, said investors started to worry about a "cascade of margin calls" on Musk's loans.
www.reuters.com
Tesla is not involved in the Twitter deal, yet its shares have been targeted by speculators after Musk declined to disclose publicly where his cash for the acquisition is coming from. The 12.2% drop in Tesla's shares on Tuesday equated to a $21 billion drop in the value of his Tesla stake, the same as the $21 billion in cash he committed to the Twitter deal.
Wedbush Securities analyst Daniel Ives said that worries about upcoming stock sales by Musk and the possibility that he is becoming distracted by Twitter weighed on Tesla shares. "This (is) causing a bear festival on the name," he said.
Tesla did not immediately respond to a request for comment.
To be sure, Tesla's share plunge came against a challenging backdrop for many technology-related stocks. The Nasdaq closed at its lowest level since December 2020 on Tuesday, as investors worried about slowing global growth and more aggressive rate hikes from the U.S. Federal Reserve. read more
Twitter's shares also slid on Tuesday, falling 3.9% to close at $49.68 even though Musk agreed to buy it on Monday for $54.20 per share in cash. read more The widening spread reflects investor concern that the precipitous decline in Tesla's shares, from which Musk derives the majority of his $239 billion fortune, could lead the world's richest person to have second thoughts about the Twitter deal.
"If Tesla's share price continues to remain in freefall that will jeopardize his financing," said OANDA senior market analyst Ed Moya.
As part of the Tesla deal, Musk also took out a $12.5 billion margin loan tied to his Tesla stock. He had already borrowed against about half of his Tesla shares.
University of Maryland professor David Kirsch, whose research focuses on innovation and entrepreneurship, said investors started to worry about a "cascade of margin calls" on Musk's loans.
Tesla loses $126 bln in value amid Musk Twitter deal funding concern
Tesla Inc lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc .
www.reuters.com
Apple and Tesla were both below their 200 day MAs after the close yesterday. Tesla has rallied back above it's 200 day MA this morning.
Good for Mr. Gates! I always thought he was too conservative to short stocks. I thought he was a buyer of utility, railroad, and farm equipment stocks ... a value buyer but I guess he has stepped up his game a little.
In any case, shorting Tesla at around the same time that Musk sold a huge block of stock and tried to create a lot of ambiguity concerning his reason for selling does look rather shrewd. Musk did not fool everyone, it would appear.
In any case, shorting Tesla at around the same time that Musk sold a huge block of stock and tried to create a lot of ambiguity concerning his reason for selling does look rather shrewd. Musk did not fool everyone, it would appear.
But why would you short Tesla, a company who appears to be growing A LOT.
It looks to be an astute trading move. We don't, or at least I don't, know where Gates shorted TSLA but I am guessing that he cleaned up bigly on this short.
People (Gates) have their own reasons, but a glance at the profit projections suggests that Tesla is trading at 60 times the 2024 earnings estimate ... right now in 2022. That seems kind of high, and I know nothing of the fundamentals other than that the company relies on a lot of government tax deals.
Those tax deals artificially inflate earnings so the multiple, even at 60 is lower than where it should be ... and you are going to wait two plus years for the PE to get down to 60 (From 136 where it is currently).
................
As long as everything goes perfectly according to the script you still might make a little money buying here. A LOT of growth is expected and is priced into the stock.
Good luck with this one.
Last edited:
Gates was right. He made a fortune off the hunch that Musk is an erratic narcissistic asshole.
I have a friend who is head of litigation at a pretty good firm. He’s excited to see the weirdos this attracts.
TSLA on Apr 24 at the start of this thread - 335.02
TSLA today - 170.29
TSLA today - 170.29
No coming back from maga brain. Went from savior of the planet to maga troll. Sad
I'm assuming at this point you stuck with your tried and true day job and smartly stayed away from becoming a day trader?
Tesla down another 6% today. 25 Billion more in stockholder wealth gone.
When do the shareholder lawsuits begin?
When do the shareholder lawsuits begin?
Just trying to figure how much was owed to speculation about Musk vs company performance, industry, and Tesla performance at the moment
Lets say Musk works 80 hours a week. (Yeah, yeah, we all know he doesn't. But lets pretend the liar does.) He is currently the CEO of 5 companies. Which means Musk only works for Tesla a scant 16 hours a week. I think a lawsuit would be in order for such high school level hours.
Still has another 40% to drop before the P/E begins to make sense.
Elon Musk Sold More Than $3.5 Billion Worth of Tesla Shares
The CEO’s sale of Tesla stock has weighed on the company’s share price, which is down more than 50% in 2022.
www.wsj.com
Latest posts
-
-
-
-
-
Sandfort Good to Go, Traore a "Game-Time Decision" for Northwestern
- Latest: HawkBall23