There’s been a long-standing argument that the Tesla Model 3 won’t arrive on time because Tesla (TSLA) had production delays on the Model S and Model X. That argument seems to be built on faulty logic, as Elon pointed out on a conference call a year or so ago.
The China-based Internet giant Tencent Holdings has purchased a 5% stake in Tesla, making it one of the top investors in the electric vehicle pioneer.
We reported last week on Tesla’s announcement concerning a capital raise of $1.15 billion (common shares + convertible debt). That news is already out of date, though, as Tesla apparently went ahead and increased that capital raise to ~$1.38 billion (from $1.15 billion), owing to high demand from investors.
Tesla has announced new offerings of $250 million of common stock “and $750 million aggregate principal amount of convertible senior notes due in 2022 in concurrent underwritten registered public offerings,” according to a new press release from the company.
Over the last half year or so, Tesla’s market value has risen substantially, surpassing that of Nissan Motor Company at points (including right now) and putting it within a hand’s reach of the two top American auto firms — GM and Ford.
The imaginary world of finance is always a strange place — nothing seems to be correlated to what happens in the real world in any substantial way (despite actual physical resources constituting the base of everything, good luck getting most people to acknowledge this). While political events and company performances are “taken into account,” in a way, it’s clear that these things aren’t the primary driver of anything. Everything just seems to boil down to typical primate behavior: belief, projection, and dramatics.
Those shorting Tesla stock (short sellers) have lost nearly $2 billion so far in 2017, according to recent reports. I guess that this explains the frantic tone to many of the recent Tesla hit pieces on Seeking Alpha?
Among CleanTechnica readers who personally invest in the stock market, Tesla (TSLA) is probably the stock with the most interest, and SolarCity (SCTY) is likely up there near the top of the list as well.
Despite the acrimonious relationship between state authorities in Michigan and Tesla Motors, the Michigan State Department of Treasury apparently doesn’t have any qualms about investing into the company. Recent reports have revealed that the state’s Department of Treasury actually bought around $48 million worth of Tesla stock during the second … [continued]
My recent article “22 Ways To Delay The Electric Car Revolution” was hugely popular, but readers offered a lot more ideas and wanted me to take the list to 50, so here we are. To keep everything in one place, I’ve copy & pasted the original article here and then expanded … [continued]
