shoulda picked some up on Friday but this thing is crazy & probably would have headed even lower than $250 ranges if i bought so i sat on my hands this time
I really dont see a way out for Tesla. If, as they should, they reduce the power of EM, that will limit his creative capacity and, as he has pushed the company to where it is today, that cant be good for the share price. If he remains in total control, and seemingly answerable to nobody, then his personal reputation will have a massive impact on the share price which is wrong. Very difficult situation - maybe the company should go private?
In the short term I fully expect the buyers to dry up and the sellers to take total control. They will push the price down to levels where it will be very hard to raise additional funds. This might prompt a "rescue" takeover Watch this space.
Not a good sign for the future:- http://uk.businessinsider.com/tesla...nvests-in-rival-lucid-motors-2018-9?r=US&IR=T
It is not looking good for Tesla with competition growing and investors looking elsewhere for their electric car exposure. I also see that the British caver who was allegedly slandered by Elon Musk is now taking action in both US and UK courts. This will lead to an array of negative headlines again which will not help the image of Tesla or the share price. Or will Elon Musk bite the bullet and offer compensation to close down this shocking chapter in his life?
It looks as though Elon Musk has pushed things too far one time too many - the SEC are not messing about even though he allegedly pulled out of a no-guilt settlement at the last minute which would have shut this down. https://eu.usatoday.com/story/money...sla-ceo-loses-more-than-1-billion/1448279002/ It is hitting him in the pocket - a $1b fall in the value of his personal Tesla holding.
It is unfortunate that one of the best business brains in the world now finds himself in such a mess. We know that red tape and game changers do not go well together but the warning signs have been there for months. Rather ironic that his attempt to announce a takeover and "burn the shorters" has infact made many new shorter very very wealthy people.
A $20m fine is a drop in the ocean and it seems to confirm that EM is untouchable and they were afraid to restrict his influence at the company too much. Maybe scared of being sued by investors who have depended on EM in recent years? This article hits the nail on the head:- http://uk.businessinsider.com/tesla-elon-musk-questions-remain-for-board-2018-10?r=US&IR=T
I am going to take a different tack on this one - as EM is pushed away from the limelight to "get on with development" I think things will start to become a lot clearer. The news of increased production and better than expected sales was a welcome change from the negative news which has followed the company of late. Just whispering it quietly - is this the real turning point for the company? Management shakeup, less influence for EM and a more balanced board to hold EM to account?
