Tesla Shares Halted

Better to be out wishing you were in or vice versa?  He says he wants to take Tesla private via twitter.  Something smells ...

If he pays 420 in an LBO the company will go under due to the debt level required to pay that price and all the Tesla debt and Solar City debt...they wont make it.

Musk is coming off as a total wack job lately, really bizarre stuff.

Honestly, the SEC should be investigating him at this point. Today was market manipulation, pure and simple. His tweet, without a formal SEC filing to coincide with it, was against the law. 

Martha Stewart went to jail for less.

I agree with Wall, Musk is coming off as a wack job.. He is completely unhinged as a CEO , but brilliant as an engineer.  That part can't be much disputed with his creation of pay-pal, Tesla, Space-X, and his solar company. 

I thought the same thing as Gamble did last week ; he was headed for some serious inquiries from the SEC due to his tweet.  He said three important things in his brief tweet.

*Exploring going private

* Strike price of $420

* Funding "secured"

That last one is really gonna get him in trouble with the SEC... The news dripping out in the last week disclosed Musk's meetings with the Saudis about going private, but those discussions were preliminary and in no way did he "secure" financing at a $420 stock price..  I expect Musk to pay a hefty fine (at minimum) for his acts.  
Musk has had it in for the short-sellers and trying to punish them, and his behavior  seems every bit the stock manipulation that Gamble eludes to above.. 

Personally , I think the guy should be removed as CEO because he is irresponsible in this post ; the stock will go (poof) if that ever happens.  Wouldn't be surprised to see the SEC come down hard on Musk here ....

Surprised there isn't more life in this thread.  There are legions of Tesla investors out there that think Musk can't do any wrong... and buy/hold the stock thinking there are better days ahead for the company.

The stock has been bleeding lower ever since his infamous tweet about going public.  We've established now that he did NOT have funding secured, and now the SEC is expected to lower the boom. 

What will happen to these legions of investors once they realize that Musk could be removed from his CEO post ( a real possibility by actions from the SEC). 

Rush,

The market thinks those are long odds...if there was any chance they felt it would happen the stock would be cut in half and more likely 60% plus.

I read they missed production targets again, I dont see how this stock is over 50 myself.

Agree with you on a few points there, Wall..      TSLA stock trading at its current levels is an absolute joke.   And I'm no short-seller either..  Also, the market does seem to reflect it's long odds for anything significant from the SEC.    I just don't agree with the market's thinking on this one..

I truly believe there are just too many Tesla investors that are baseless in their logic,  and euphoric about TSLA for all the wrong reasons.  Much of the professional investment managers I've seen on CNBC are caught up in this senseless garbage, too.

Wall, you hit it on the head about missing their production targets.  Musk has missed Model 3 production targets now going back years...  I remember just two years ago in 2016 how Musk said Model 3 production would be between 100k-200k by the 2nd half of 2017......  They made 5,000.    5k !!    Musk is a serial liar in the business sense, and TSLA is bleeding money right and left..    He should be removed as CEO for a variety of reasons including this, but I truly believe SEC may come down hard on him for his stock-propping tweet about going private.  He has been irresponsible on so many different levels... and the SEC may get him in the end. 

I have to say I think the 3's are awful looking...we have a bunch of them around and of course plenty of X's too (my next door neighbor has one and last week he had to haul it to the mechanics for some reason) and the others are good looking and very classy...the Model 3's look like some wacky cheap Saturn junk car and Ive seen stories about how badly they are being made. With the 3's being their in to the markets I dont see how this bodes well for them. I have neighbors with the new Leafs and one with the Bolt, Id say I would rank the Leaf over the 3 for looks and quality design and the Bolt below both of them. I see all of the electrics like the BMW one which I think is total class but it is so low to the ground Id never own one. 

Tesla is a 20 buck stock eventually...they have too much debt and will keep adding shares and I dont see how margins get better as competition is coming more and more and Tesla is sitting back on their lead doing nothing...I hear some talk about commercial trucks? How are they going to pull that off....they cant even take care of this line of business let alone tackle that monster.

I am not a short seller either but no way would I buy this stock at any price over 50 and probably not then either.

Yesterday I was listening to CNBC radio in my car. Then they went to commercial break. It was a class action lawsuit against Tesla for anyone that lost money trading Tesla stock after the infamous "fully funded tweet". 

Lawyers will be lawyers, yes. That's what they do. However, there is little doubt that this is going to result in a settlement to shareholders eventually. It's just another negative that Musk brought on himself. How much this will cost Tesla might not be insignificant.