Remembering the $420 Private Tweet
February 3rd, 2020It is interesting to look back at TSLA for the last few years. In a nutshell, Tesla posted good quarters, the stock started to rally, Elon said stuff the SEC didn't like and the stock tanked. Twice.
At one point, the SEC claimed Elon was inflating the share price and that the funding was not secured.
While, I can't speak to the validity of this, I chalked up Elon's behaviour to either Elon being silly or more likely he genuinely wanted to take the company private and legitimately felt he secured funding.
With regards to securing the funding, we may forever hear both sides. But ultimately, now that the stock is $755.28/share, whoever it was (Saudi Sovereign Wealth Fund) that didn't have Elon's back in terms of claiming they solidified a $420/share price agreement, has had a huge missed opportunity.
The shares may never be so cheap again.
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ABOUT THE AUTHOR:Software Developer always striving to be better. Learn from others' mistakes, learn by doing, fail fast, maximize productivity, and really think hard about good defaults. Computer developers have the power to add an entire infinite dimension with a single Int (or maybe BigInt). The least we can do with that power is be creative.
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