This new warrant for stock issue will be sucked up as fast as it comes out.
What's ten percent in a company that can run 200 percent in two days? I bet we barely even notice. Musk just released a (********) of stock for Tesla... and funny... the stock went UP and stabilized in it's price... not down. Hmmmmm.
they just sold 5 million shares for $2.75/share. Well, not "sold"...but issues these thereby diluting the value of the other shares by that volume. It made the float much bigger since it was only a bit over 8 million. Usually what happens in these instances, is the stock price will drop back down. It went up because these guys ran it up since they knew they were going to be getting a bunch of shares at $2.75. Now they will be selling. And they will make lots of money, obviously. That is the game. I feel sorry for the suckers...excuse me...investors who bought at those peak values.