$310 is the current price
$310 is the current price
$310 is the current price
$310 is the current price
$310 is the current price
$310 is the current price

/troll

If Musk is ousted, what does that mean for Tesla's ability to raise capital?

o wow $265 now ... capitulation?

Still way too high. $200 within a week, not even steroid-fake-Q3 can save this now.

Aside from whatever happens to Musk the SEC is likely to file suit against Tesla as well. Surely that torpedoes any hope they had of raising money from anyone (debt/equity/spare change/etc).

what's the chance elon goes on a bender and self-destructs?

Lock him up!

I hope Tesla doesn't pull an Apple when Musk is gone.

LOL

Lets see the TSLA HODLers HODL through this!

Hello Elon:

I'm newish to options. Thinking about some TSLA puts with $500 for fun and profit after Q3 results.

Jan 2020 $100 $10.15 - $10.40
June 2020 $100 $12.00 - $15.25
Jan 2020 $100 $16.45 - $16.50

Why is the June 2020 bid/ask so wide?

I had been thinking about doubling my put position all week. Kicking myself now.

We really need to hear from spurious before jumping to conclusions

Looks like he is going to try and fight it:

Lolz on tap.

Of course he's going to fight it. If not he would have resigned already. The SEC stuff is just the appetizer, can bar him from being an officer and that's it. The DoJ stuff coming later is jail time.

Classic

I've been amazed at the level of delusion that educated people are capable of. No wonder he thinks he can get away with saying anything.
Tesla was never going to survive without subsidies.

I knew SEC would do something. I thought it would be a slap on the wrist but apparently Musk wouldn't even accept a slap on the wrist so now SEC is going for Musk's throat.

Just wtf is Musk's lawyers doing? There is literally not a single securities lawyer I know that would recommend NOT settling. Just wtf are they thinking.

I'm 99.9% Musk is going against his legal counsel. And since Musk is the client, what he says goes.

Yea his lawyers are thinking the same thing trump's lawyers are thinking. Why is my client too stupid and egotistical to listen to me?

and.......I'M GONNA GET PAID!

I know a Musk fanboy and he says this is no big deal. Once they releases sales data next week it will be back in the mid 300's.....

Anyone have access to TEsla paydex or D&B rating? I could probably get this info at my work. I am very curious to see how quickly they are paying their vendors.

Usually when the bid/ask spread is that wide it's just because it's thinly traded or when the market is closed. When a real order appears (and ALWAYS use limit orders for options) the spread will narrow to something more realistic.

And I assume you probably know this already but just in case you don't, you can't purchase any of those options with $500 since every option contract is for 100 shares of stock. Multiply all of the numbers you see by 100.

Haha, mea culpa, was thinking the same thing this morning when I read this.

Tesla without Elon is going to be bought and will be boring.

Citi downgrades Tesla to sell permarket, cuts price target to $225 from $356, Tesla swiftly loses 3%. There should be more analyst ass-covering along those lines - the SEC gives them an easy out from their fraud pumps.

If you read the SEC complaint it's obvious that Musk is either exactly the disorganized incompetent dickhead I say he is, and/or his mind is completely gone and not coming back soon, and/or he's a pathological liar. It's there in black and white. Anyone non-insane is seeing the same thing from this hard evidence, including institutions and analysts.

IMO Moody's has to act swiftly given the civil liability this SEC action and the hard evidence in it creates (billions of dollars) and their continued incompetence at being unable to ramp manufacturing above 4K a week. Moody's specifically said Tesla needs to hit 5K/week by July 1 to keep their rating. Expect a downgrade of credit to distressed soon.

The biggest wildcard here for buying up off lows today is the shorts. They're almost as dumb as the longs and they're up billions overnight.

Oppenheimer: Tesla's legal worries will cap upside.

Needham: The latest charges by the SEC against Elon Musk for making "false and/or misleading statements" about taking the company private "all but eliminate" his credibility as a competent CEO

Barclays:
Is Musk's tweet the greatest self-cucking in US corporate history?

1. Tanked his stock price
2. Brought criminal and civil liabilities in the billions
3. Got all his moron supporters to start crowing and then hold while it crashed, "believing in Elon".
4. Likely prevented a sorely needed capital raise to prevent bankruptcy.

Meanwhile, the entire board reiterating their "full confidence" in Musk
Which does anything but invite confidence in the board and also strengthens liability claims against Tesla.

Will be the most infamous in business history, talked about for decades, and number 1 in youtube "Top Five Meltdown" videos.

In the UK, we had Gerald Rattner, who took down his own national jewelry chain by saying he sells crap. Musk makes him look competent.