Stocks: Tesla IPO! Suckers any?

[Cowlesy]

Suddenly I don't feel so bad about only realizing a 3.5x multiple when I was in the stock.

 

[Brian4Liberty]

They've been talking about recalls, which seems to be nothing more than a way to get the stock to move (first down, then up).

 

[Carson]

I just saw this over on Fark.com.

Elon Musk says Tesla patents will be available to other companies. Continues his pursuit of becoming the world's worst super villian


Story;

http://www.usatoday.com/story/money/cars/2014/06/12/tesla-patents-drop/10374433/



Fark thread;

http://www.fark.com/comments/8297073/Elon-Musk-says-Tesla-patents-will-be-available-to-other-companies-Continues-his-pursuit-of-becoming-worlds-worst-super-villian

 

[Carson]

Tesla vote moves to NJ Senate

TRENTON, N.J. (AP) — The New Jersey Assembly unanimously approved a bill that would allow zero-emission carmakers to sell directly to consumers in that state.

The bill backed by environmental and business advocates would allow Tesla to resume sales in New Jersey.

It was approved Monday, and must now go before the state Senate, where its fate is unknown.

http://www.businessweek.com/ap/2014-06-17/tesla-vote-moves-to-nj-senate

 

[TonySutton]

Stock almost at an all time high today

 

[flaversaver]

Seriously. Are you guys ever gonna learn? This thing is going to be back to $50 by the end of the year.

Maybe you are the one that needs to learn? Stock is sitting at 228 as of this writing.

 

[Carson]

"The Tesla Model S drive unit warranty has been increased to match that of the battery pack. That means the 85 kWh Model S, our most popular model by far, now has an 8 year, infinite mile warranty on both the battery pack and drive unit. There is also no limit on the number of owners during the warranty period.

Moreover, the warranty extension will apply retroactively to all Model S vehicles ever produced. In hindsight, this should have been our policy from the beginning of the Model S program. If we truly believe that electric motors are fundamentally more reliable than gasoline engines, with far fewer moving parts and no oily residue or combustion byproducts to gum up the works, then our warranty policy should reflect that.

To investors in Tesla, I must acknowledge that this will have a moderately negative effect on Tesla earnings in the short term, as our warranty reserves will necessarily have to increase above current levels. This is amplified by the fact that we are doing so retroactively, not just for new customers. However, by doing the right thing for Tesla vehicle owners at this early stage of our company, I am confident that it will work out well in the long term."

– Elon


http://www.teslamotors.com/blog/infinite-mile-warranty

 

[Dforkus]

Seriously. Are you guys ever gonna learn? This thing is going to be back to $50 by the end of the year.

survey says.... X

 

[squarepusher]

"The Tesla Model S drive unit warranty has been increased to match that of the battery pack. That means the 85 kWh Model S, our most popular model by far, now has an 8 year, infinite mile warranty on both the battery pack and drive unit. There is also no limit on the number of owners during the warranty period.

Moreover, the warranty extension will apply retroactively to all Model S vehicles ever produced. In hindsight, this should have been our policy from the beginning of the Model S program. If we truly believe that electric motors are fundamentally more reliable than gasoline engines, with far fewer moving parts and no oily residue or combustion byproducts to gum up the works, then our warranty policy should reflect that.

To investors in Tesla, I must acknowledge that this will have a moderately negative effect on Tesla earnings in the short term, as our warranty reserves will necessarily have to increase above current levels. This is amplified by the fact that we are doing so retroactively, not just for new customers. However, by doing the right thing for Tesla vehicle owners at this early stage of our company, I am confident that it will work out well in the long term."

– Elon


http://www.teslamotors.com/blog/infinite-mile-warranty

for a 100K golf cart, I would hope so

 

[PRB]

for a 100K golf cart, I would hope so

why you hatin?

 

[NinjaPirate]

for a 100K golf cart, I would hope so

That's a massive oversimplification if I ever saw one...

 

[PRB]

That's a massive oversimplification if I ever saw one...

he's a hater

 

[2young2vote]

http://news.yahoo.com/tesla-gets-huge-tax-break-build-world-biggest-205015472.html

Sounds like they are getting tax breaks to build a lithium ion battery factory powered by renewable energy. You want to know what is interesting about this? These kinds of massive investments would be COMMONPLACE if the government wasn't taxing and regulating the living crap out of everything and everyone. All it took was the government to say "We will tax you less to build here" to entice Tesla to build in Nevada. Just imagine the growth if NO state had any kind of tax on business whatsoever.

 

[Carson]

http://news.yahoo.com/tesla-gets-huge-tax-break-build-world-biggest-205015472.html

Sounds like they are getting tax breaks to build a lithium ion battery factory powered by renewable energy. You want to know what is interesting about this? These kinds of massive investments would be COMMONPLACE if the government wasn't taxing and regulating the living crap out of everything and everyone. All it took was the government to say "We will tax you less to build here" to entice Tesla to build in Nevada. Just imagine the growth if NO state had any kind of tax on business whatsoever.

It might make a difference.

I think the big drain on business is the counterfeiting that is done. Every business, many that have stood the test of eons, just can't keep up with the counterfeiters that devalue the currency faster than businesses can trim corners. Everyone has had to trim to the bone. Even the government and their unlimited funds to regulate every aspect of our meager existence can't trim enough to allow for continuation of their criminal endeavors and delusions of omnipotence.

The time is way overdue the the honest mans dollar once again calls the tune.

 

[timosman]

 

[Swordsmyth]

So far it appears that he was lying and will be sued for the losses that tweet caused those who were shorting Tesla.

 

[EBounding]

Talking to Saudis = secured apparently. And I love the irony of him begging for oil money to make his electric toys.

 

[Swordsmyth]

Tesla and more specifically its chief executive Elon Musk are facing three lawsuits over an already notorious tweet by Musk, in which the CEO said he was planning to take the company private and had already secured funding.
It was this phrase, “funding secured”, that alerted the Securities and Exchange Commission, which launched a probe into this claim, prompting Musk to come forward with the revelation that he had for years been in talks with the Saudi sovereign wealth fund to take the company private.
Yet the tweet and the following explanation caused changes in the Tesla stock price within two days, which allegedly affected shareholders who bought Tesla stock in the period.
As the law firm representing plaintiffs in the latest among the three cases states in an update, “On August 7, 2018, Tesla CEO Elon Musk proclaimed via social media that “[a]m considering taking Tesla private at $420. Funding secured,” among other things. On this news, Tesla shares soared to close at $379.57 that day. On August 9, 2018, media reports highlighted a probe by the SEC into the veracity and nature of Musk’s statements as well as an investigation by Tesla’s Board of Directors into the “secured” funding.
On this news, the price of Tesla’s shares plummeted.”

All three lawsuits seek class action status, but while the first one seeks to represent shareholders who only bought Tesla shares on August 7 and 8, the second one seeks plaintiffs that bought and sold Tesla stock in the period. The third lawsuit has extended the period, seeking shareholders who bough or sold Tesla stock between August 7 and 10.
The allegations made in the three lawsuits are identical, according to a CNN report: Musk had given misleading information to, basically, get back at short sellers. Yet, the information may not have been misleading if it was true, one legal expert told CNN.
According to Pennsylvania University business law professor Jill Fisch, the lawsuits against Musk and Tesla only have a chance if the plaintiffs can prove that Musk had not sought funding for the operation and had not, in fact, “secured” it.

https://oilprice.com/Latest-Energy-...es-3-Lawsuits-Over-Funding-Secured-Tweet.html

 

[Swordsmyth]

Tesla's share price plummeted today after embattled CEO Elon Musk gave an extraordinary interview during which he burst out in tears, asked for someone to take his job and admitted he relies on Ambien to sleep.

More at: http://www.dailymail.co.uk/news/article-6070421/Elon-Musk-asks-Tesla-job-tearful-interview.html

 

[timosman]

Tesla shares crash after Elon Musk smokes joint on live web show

https://www.theguardian.com/technol...f-elon-musk-smokes-marijuana-on-live-web-show

7 Sep 2018

Tesla shares crashed 8% on Friday as two of its senior executives quit, just hours after the electric carmaker’s chief executive Elon Musk sparked concern by smoking marijuana on a live web show.

The company’s head of accounting, Dave Morton, and head of human resources, Gaby Toledano, said they were leaving the company, which has been placed at the centre of a string of controversies by its maverick CEO.

Morton, who joined the company just one month ago, said he was leaving because “the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations”.

“This caused me to reconsider my future. I want to be clear that I believe strongly in Tesla, its mission and its future prospects, and I have no disagreements with Tesla’s leadership or its financial reporting.”

...