Any take on Tesla stock now?
With SEC indicating their final decision, any take on how Tesla stock will move on Monday?
Surge from Q3 will negate the dive from SEC so overall flatish
Never mind. This just in - he’s staying as CEO. I expect stock to surge on Q3 now https://www.cnbc.com/2018/09/29/sec-settles-charges-with-teslas-elon-musk-will-remain-as-ceo.html
Down another 10 points
Musk staying as CEO and the charges settled will probably make it surge. Also he losing the Chairman role might also be seen as positive.
Buy buy buy...
With Musk not being the chairman, I’m not sure how tough it will be for Tesla to get next round of funding they need.
If they hit Q3 profitability targets they won’t need further funding. Even if they did him remaining as ceo and majority stock holder would be fine for any VC. It doesn’t matter he lost a board seat as long as the board is loyal to him, which they still appear to be. Now the two new “independent” directors .... that could be a problem. Source: I’m a former CEO and board member of a funded tech company
They made $1.75 per share. I calculate if they can do it for 50 more quarters only, they will clear their debts due in 2-6 quarters! yeah!
Tesla achieved profitability tonight (Sunday), expect the stock to go above 300 before EOD Tuesday. Mark my words, we can talk about this on Wednesday morning.
Well, that was fast
How does profitability matter when results date is not anytime soon?
Flat