Today's most heavy news: August 8th news, Tesla CEO Elon Musk continued to push to express the intention to consider Tesla delisting, privatization of the company at $ 420 / share price. It is reported that Essex 3. The current total share capital calculation, the total repurchase price given by Musk is equivalent to more than 71 billion US dollars.
Musk said that when everyone is focused on execution, sticking to long-term missions, and people have no wrong motives trying to hurt Tesla's long-term goals, the company is at its best, such as SpaceX is a prime example. At the same time, Musk also said that after Tesla entered a slower, more predictable growth phase, the re-listing was also meaningful.
Subsequently, Musk also explained the means and effects of delisting:
1. The right to choose for investors, either to continue investing in privatized Tesla, or to sell shares at a price of $420 per share, which is 20% higher than the stock price after the Q2 earnings conference call.
2, I hope that all employees will continue to be shareholders of the company, and still be able to sell stocks in parallel.
3. Privatization is not for the merger of Tesla and SpaceX. Tesla will still have independent ownership and management structure.
4. Tesla's external and employee shareholders have the opportunity to sell or buy stocks approximately every six months.
5. Musk himself currently holds 20% of the shares, and privatization is not related to Musk's control.
Although Musk’s claim to claim has not yet been finalized, Tesla’s share price soared 11% to $379.57. In the process, because Musk was suspected of manipulating the stock price, Tesla was temporarily suspended, but ultimately It did not hinder Tesla's share price takeoff. It is reported that Harvey Pitt, former chairman of the US Securities and Exchange Commission, has hinted that Musk has complained about stock prices and short selling while enjoying the fact that stock prices have risen. If his idea of privatization is to boost stock prices, then it may be manipulation and fraud.
Today's most heavy news: August 8th news, Tesla CEO Elon Musk continued to push to express the intention to consider Tesla delisting, privatization of the company at $ 420 / share price. It is reported that Essex 3. The current total share capital calculation, the total repurchase price given by Musk is equivalent to more than 71 billion US dollars.
Musk said that when everyone is focused on execution, sticking to long-term missions, and people have no wrong motives trying to hurt Tesla's long-term goals, the company is at its best, such as SpaceX is a prime example. At the same time, Musk also said that after Tesla entered a slower, more predictable growth phase, the re-listing was also meaningful.
Subsequently, Musk also explained the means and effects of delisting:
1. The right to choose for investors, either to continue investing in privatized Tesla, or to sell shares at a price of $420 per share, which is 20% higher than the stock price after the Q2 earnings conference call.
2, I hope that all employees will continue to be shareholders of the company, and still be able to sell stocks in parallel.
3. Privatization is not for the merger of Tesla and SpaceX. Tesla will still have independent ownership and management structure.
4. Tesla's external and employee shareholders have the opportunity to sell or buy stocks approximately every six months.
5. Musk himself currently holds 20% of the shares, and privatization is not related to Musk's control.
Although Musk’s claim to claim has not yet been finalized, Tesla’s share price soared 11% to $379.57. In the process, because Musk was suspected of manipulating the stock price, Tesla was temporarily suspended, but ultimately It did not hinder Tesla's share price takeoff. It is reported that Harvey Pitt, former chairman of the US Securities and Exchange Commission, has hinted that Musk has complained about stock prices and short selling while enjoying the fact that stock prices have risen. If his idea of privatization is to boost stock prices, then it may be manipulation and fraud.
