Please tell me this doesn't smell fishy. According to the Financial Times, the PIF put the hedges in place after the market closed on Jan. 17 with the help of J.P. Morgan bankers. The following day, Tesla announced layoffs and warned of "very difficult" times ahead. Tesla's stock prices has fallen about 15 percent since then. https://www.cnbc.com/2019/01/28/saudi-arabia-reportedly-cuts-its-tesla-exposure.html
I’m positive that the authorities will investigate and that fines will be levied accordingly. /sarcasm
tesla is dead brah
TSLA is going to be bankrupt within the year
TSLA happens to announce Q result this week
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The only thing that's fishy is people buy stocks at high prices without looking at how much debt load the company is in, hoping for the bubble to keep growing bigger. Tesla is a great company with great cars. But not at current valuation
How is that relevant to the article. Whether you think Tesla is a buy or sell, there is a potential crime here if Saudis got info about the impending layoffs and warning.
Insider trading isn’t beyond musk. He’s already committed securities fraud