Comments by "Terje Oseberg" (@terjeoseberg990) on "Bloomberg Technology" channel.

I keep seeing this bogus claim that it will cost $70 billion for "the buyout". When did Musk ever say anything about a buyout? He didn't. He said that all current shareholders will have the opportunity to maintain their investment in Tesla. So how many are actually going to sell? Well, we know for a fact that Musk isn't going to sell his 20% because he said so. Musk said that he estimates that 2/3rd of current shareholders will keep their shares. Well, there are about 170 million outstanding shares. And there are 35 million shares sold short. That means that there are 205 million shares owned by someone. (The short sellers sold their shorts to someone who believes that they own their shares, right?) So, 2/3 of 205 million is about 136.7 million shares that won't be sold and 68.3 million that have to be bought. Well, 35 million of those will have to be bought by the short sellers who will be forced to buy them back, right? That leaves only 33.3 million shares that need to be bought to complete the transaction. That amounts to $14 billion, not the $70 billion that people keep claiming. So, why do they keep claiming that this is a $70 billion deal when it's not? And that this will be the biggest deal in history and nobody has that kind of money. I did the same calculation for 25% selling instead of 1/3 and I come up with $6.825 billion required to complete the transaction. If 1/5 of the shareholders sell, it'll cost $2.52 billion. if 1/6 of the shareholders sell, then, well 1/6 is less than 35 million so there will still be $350 million of shorted stocks. I guess 833,000 shares won't be able to be converted to the fund. That means that it's actually possible that it's impossible for everyone who wants to will be able to keep their shares. If that happens, how will they pick who doesn't get to keep their shares? Will Tesla issue 833,000 new shares so that everyone can keep them? That would raise $350 million. To be fair, that's what I believe that Tesla should do in the event that not enough people want to sell. So, it's actually possible that Tesla need no funding to take Tesla private and it's even possible that the only way they can be fair is to issue more shares so everyone can keep their investment in Tesla.
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If, as Elon hopes, only 1/3 of the current long shares need to be bought to take Tesla private at $420, it'll only cost $13.7 billion to buy all the shares. So, it won't be as difficult as everyone believe to obtain the funding required to close a deal like this. I wonder why all these so called, "analysts" don't realize this. It's not like it's very complicated.
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The United States already has more doses than they need.
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@ 4:23 "And now that he's has sort of made made his intentions public there will be egg on his face if he doesn't pull it off...." Since when has, "I'm considering..." meant "I intend to..."? Is English this lady's second language? Does she not understand the word, "considering"? Elon has most definitely NOT made his intentions clear and if he decides it's a bad idea there would in no way be, "egg on his face".
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The only reason Tesla is down is because of the SEC's subpoena. They're obviously working for the short sellers trying to manipulate the stock. Musk said, 'I'm considering taking Tesla private." That means he's just thinking about it. And the stock started going up before his tweet because the stock didn't go up because of his tweet. I mean, does the stock move every time Musk has a new thought? Him thinking about taking the company private and announcing that he's thinking about it is not going to make a bunch of people start buying the stock. There's no reason to start buying the stock until Musk has actually made a decision. So, what happened just before his tweet that could have caused the stock to go up? Hmmm. I don't know. Maybe there was an article about the Saudis buying 5% of Tesla stock on the open market or something like that? Maybe that's it. It would be pretty easy to verify this by looking at the timing of the article, the stock rising, and Musk's tweet, wouldn't it? I guess Bloomberg doesn't want to check this or talk about it because, well, maybe they're working for the short sellers too. Or maybe they believe that blaming Musk's tweet or calling him crazy will get more viewers or something. Whatever the case, they should look at the facts and report them accurately.
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Exactly! WTF? If he said, "I'm taking Tesla private at $420, funding secured." is very very different than saying, "I'm thinking about taking Tesla private at $420, funding secured." The proof that it's different is the fact that the stock didn't go to $420. I mean, if there was a guarantee that Tesla was going to go private at $420/share, then the stock would currently be at $420, right? Also, the stock started going up 35 minutes before Musk's tweet because something other than his tweet made it go up. If you look at the stock price 5 minutes before his tweet and 5 minutes after, it only went up $2 after his tweet. Well, it was already going up. So, did it go up $2 because of his tweet or because it was already going up? And then the stock went down $70 because of the SEC's subpoena. So, investors lost nothing because of Musks tweet, but they lost billions because of the SEC's investigation. Isn't the SEC supposed to protect investors? I don't believe they're supposed to cause investors to lose billions. It seems that they're not doing their job right.
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Elon Musk is an ignore ant dum. He didn’t start PayPal and he stole Tesla from the original founders.
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roberto ribas, That's interesting. Are you saying that private companies are not allowed to have convertible bonds?
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Well, he did say, "considering". I guess he made up his mind.
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Vijay Ninel, So you're a mind reader?
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Here's the series of events. 6:30 am - The stock opened at $343.61 12:10 pm - The stock is $342.50 12:15 pm - The stock first starts to go up. 12:45 pm - The stock is at $355.11 12:47 pm - Elon Musk sends his tweet. 12:50 pm - The stock is now $371.15 12:55 pm - The stock has falling back to $357.10 2:10 pm - Trading stops at $367.25 So, the stock started going up 35 minutes before Musk's tweet and went up $10. The price 5 minutes after Musk's tweet was only $2 higher than 5 minutes before. Then, after his tweet, the stock went up a few more dollars. So what do you all believe caused the stock to go up?
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Ho Lee Fook, You must have been smart and shorted the stock at around $370, then bought them back around $290. The problem is all the idiots who shorted the stock at $300, then bought at $370. They're the one's who's money you took. So instead of being mad at Musk, they should be mad at you for taking their money. Musk didn't profit at all from the last two weeks.
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Vijay Ninel, Well, his intent was to let everyone know that he was "considering" taking Tesla private. Most likely because all the Tesla FUD that is being spread by the short sellers is bothering him. It shouldn't. He seems to be a bit overly sensitive.
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Ho Lee Fook, Can you tell me what time the stock started going up. What time Musk's tweet went out, and how much the stock was up 5 minutes before and after his tweet, and how much the stock went up the rest of the day after his tweet? If people actually believed that there was a high probability that Tesla would go private when Musk tweets, "I'm considering..." then why wasn't the stock much closer to $420 right after his tweet up until he actually made up his mind not to go through with it?
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Ho Lee Fook, Can you tell me what time the stock started going up. What time Musk's tweet went out, and how much the stock was up 5 minutes before and after his tweet, and how much the stock went up the rest of the day after his tweet? If people actually believed that there was a high probability that Tesla would go private when Musk tweets, "I'm considering..." then why wasn't the stock much closer to $420 right after his tweet up until he actually made up his mind not to go through with it?
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roberto ribas, Fixed my typo. Thanks for pointing it out. And unless you're psychic or he has told you, you have no idea what Musk's motivation was. I suspect his motivation was to let everyone know that he was considering taking Tesla private. But that's just a guess.
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roberto ribas, Do you have any actual evidence that Musk sent that tweet in order to burn the shorts? By real evidence, I mean something other than circumstantial evidence? If he really wanted to burn the shorts, he would have negotiated the deal and figured out all the details in secret, then suddenly releases everything at once. That would have been a much better way to screw over the shorts. By saying, "I'm considering..." he's giving everyone a heads up way in advance. Since "considering" means that he's just thinking about it, nobody really took it that seriously and the stock, therefor, barely went up. I have nothing against the short sellers. I believe they serve a purpose. But I am annoyed by all these news reports that misrepresent the truth. For example this lady in the video saying that he made his intentions clear when he made it clear that his intentions were not yet decided. She either doesn't understand what, "considering" means, or she's misrepresenting the situation on purpose. Since I doubt that she doesn't understand what "considering" means, my best guess is that she's just a liar. And I believe that when people who are supposed to be reporting the news are lying on purpose, they should be prosecuted. And in this case, she should be prosecuted for attempting to manipulate the stock price.
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roberto ribas, So you're saying that you would prefer that Musk keep everything secret until it's finalized? You would have preferred that? Well, I guess since he decided not to take Tesla private, that would mean that nothing would have happened. But say him and the large investors and the board had been meeting in secret and decided to do go through with it? I suppose that would have been much better. Then Musk and the large investors could secretly buy up as much stock as they could while the stock price was low. Maybe they could have planned it while they had some bad news to announce or something. Maybe that would be much more legal, huh? Isn't that how all the other companies do it? The best way to eliminate insider trading is to require the insiders to divulge all the information that they have all the time so that there's no such thing as insider information. Or do you disagree? This is exactly what Musk keeps doing, and everyone keeps bashing him for it. So, I guess maybe he should learn to keep secrets from his investors. This has nothing to do with whether I like Musk or not. It has to do with common sense. It appears that this is something that you're lacking.
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roberto ribas, Are you saying that Tesla should file an SEC 8-K whenever Musk is "considering" something? For the 10th time he said, "I'm considering..". Don't you think it's more appropriate to say that he should file an SEC 8-K after he's done "considering" and has actually decided to take Tesla private. Well, that never happened, and that's why there was never an SEC 8-K filed. And, you still have no proof that funding wasn't secured. Do you have some contact that works for the Saudis wealth fund? Or are you personal friends with everyone who he could possibly have secured funding from? How do you have any idea that funding wasn't secured? The SEC has a subpoena to obtain evidence of whether funding was secured or not. They'll find out. You, on the other hand, have no idea. And you won't have any idea until the SEC releases their findings.
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1. A lot of people want the $35,000 version. 2. They'll never make the $35,000 version until their production exceeds the demand for the more expensive versions. Why? Because the more expensive versions are more profitable, and Tesla needs to make as much profit as possible as quickly as possible in order to finance research & development, and in order to grow as fast as possible. Therefor, we will have to wait until production of the more expensive Model 3s exceeds demand for the more expensive Model 3s before we will see any cheaper Model 3s for sale. If there's space in the Gigafactory in Nevada, I wish that Tesla would build a whole new assembly line there so that they could double their manufacturing capacity of the Model 3. Unfortunately they have decided to focus on profitability in Q3 and Q4, and spending money on another assembly line would interfere with those plans. Also, without knowing the cost of a new assembly line, I am unsure if they have the money to finance another assembly line right now. I believe they should have issued some more shares to raise capital in Q2 when the stock price was around $350/share in order to finance such a move. They could then be making 10,000 Model 3s per week today rather than 5,000/week. According to my calculations, the Model 3 is generating over 20% gross margins in Q3. Model 3 Gross Margins: Q3 2017 -926.9% (260 sold, -$417,105/car, -$108,447,300 total) Q4 2017 -73.3% (2,425 sold, -$32,985/car, -$79,988,625 total) Q1 2018 -1.32% (9,766 sold, -$594/car, -$5,801,004 total) Q2 2018 14.19% (28,578 sold, +$6385/car, +$182,484,819 total) Q3 2018 24.6% (53,239 sold, +$11,070/car, +$589,355,730 total) Total Model 3s sold so far: 94,268
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Well, it's a better deal. There's actually talk in Congress about changing the rebates to a time limit rather than a numbers limit. ROSEN HELPS INTRODUCE LEGISLATION TO EXTEND THE ELECTRIC VEHICLE TAX CREDIT FOR 10 YEARS https://rosen.house.gov/media/press-releases/rosen-helps-introduce-legislation-extend-electric-vehicle-tax-credit-10-years H.R. 6274 would make three important changes to the credit: 1. First, it eliminates the per manufacturer cap, allowing an unlimited number of consumers access to the tax credit for the next ten years, regardless of the manufacturer from which they purchase their car. 2. Second, it lets consumers who buy electric cars reap the financial benefits of the tax credit immediately at the point of sale, rather than having to wait until they file their annual income tax return as is the case under current law. 3. Finally, the legislation extends for ten years a tax credit to purchasers of electric vehicle charging stations to incentivize the buildout of this important infrastructure around the country.
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And the dum. bsh. its there are afraid of needles or something.
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What? Your latest indication is that production is improving over the 5,000 week that Tesla ended the quarter at? I thought you said the 5,000/week rate was unsustainable!!!
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Why don’t they have a delta specific vaccine? They should have started the trails months ago. They should be working on vaccines for every variant.
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The original population of Crimea who didn’t flee in 2014 were relocated to someplace else in Russia, and then Russia filled the place with Russians. The people voting should be everyone who was forced to leave.
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roberto ribas, You know, when did Musk say that he's going to take Tesla private at $420? Do you understand what, "considering" means? Since it appears you don't, I'll tell you. It means he's thinking about it. Not that he's going to do it. In other words, he might do it if he decides to after he's done thinking about it. Also, can you explain why the stock starting going up almost 45 minutes before his tweet? Do you somehow believe that the stock market can predict the future or read Elon's mind?
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roberto ribas, Are you 12 years old?
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