There must be major companies trying to slow down Tesla for some reason to drop millions. I heard some short sellers being interviewed. I wonder if they actually believe the BS they spit out
https://www.autoblog.com/2020/02/02/tes ... elon-musk/Tesla directors settle SolarCity lawsuit, leaving Elon Musk the lone defendant
Other parties settle, leaving Musk to face the music
Directors of Tesla Inc settled a shareholder lawsuit over the company's 2016 acquisition of SolarCity Corp, leaving Chief Executive Officer Elon Musk as the lone defendant facing claims that Tesla paid $2.6 billion for a worthless solar energy system installer, according to court documents.
The $60 million settlement comes as a 10-day trial is scheduled to start on March 16 in Delaware in which shareholders seek $2.6 billion in damages, the entire cost of the SolarCity deal. . . .
Tesla shareholders have alleged Musk breached his fiduciary duties, squandered Tesla's assets and unjustly enriched himself by pushing to buy the money-losing solar company in which he was the biggest investor.
The settlement covered five current directors: Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Stephen Jurvetson and Kimbal Musk. Brad Buss, who was a director at the time of the SolarCity deal, was also part of the settlement, which was paid from insurance policies, according to court documents.
"Plaintiffs probably think they have a cleaner shot on the merits if the only issues they have to raise are with Elon Musk and Elon Musk's actions," said Brian Quinn, a professor at Boston College Law School. . . .
It does if when you say them you know there is no way they will happen.webb14leafs wrote: ↑Mon Feb 03, 2020 11:24 amHate to poke the bear, but can you be more specific? Not meeting planned milestones doesn't make someone a liar.
Could this be a massive short squeeze taking place? Either way, it's going to be a heck of a rollercoaster ride.
Did you spray paint the lens of your glasses black?EatsShootsandLeafs wrote: ↑Tue Feb 04, 2020 6:49 amIt does if when you say them you know there is no way they will happen.webb14leafs wrote: ↑Mon Feb 03, 2020 11:24 amHate to poke the bear, but can you be more specific? Not meeting planned milestones doesn't make someone a liar.
I find it really unbelievable some of you think he is not just an abject liar. Robotaxi fleet 1M cars in 2020, teslas that supposedly appreciate multiple times over their life. These are not moon shots. They are just lies. And are roundly mocked when stated, so it's not like anybody (including musk) believes them when he says them.
Stock up another $100 premarket. Completely abdicated from reality.
It's probably all of the above. The short squeeze is definitely happening, but can't be credited with all of this gain. Hysteria/FOMO is probably most of it. Have to say, though, that their forward P/E is around 100, which isn't as insane as you would think.coleafrado wrote: ↑Tue Feb 04, 2020 7:06 amIMO, the "short squeeze" talk is bogus. What's happening now is just panic buying (not by shorts) and speculation - just like Bitcoin way back in December 2017.
It may hit $1-2k, but my guess is that it'll be below $400 by March. I'm not placing any bets, though...
Thinking of SpaceX?