Looks like the party started early. All the more reason for insiders to start dumping shares as they watch their paper fortunes evaporate. However, I heard a rumor that Musk has to maintain 65% ownership for them to keep their government loan, can anyone confirm or deny that?
Looks like an awful lot of folks were shorting TSLA looking too deeply into the November elections. The Toyota deal is done, this ship can no longer sink.
Just as a cute note, Musk put the first commercial rocket into space today completing one of two test flights required to get his 1.6B shuttling contract. You think he can't make a few electric cars? The Model S will be sold out ahead of production for years.
I'm crossing my fingers that the naysayers are right and TSLA dips after the insiders get the OK to sell. I have exactly zero invested in this company and need a buying opportunity.
You don't think Musk might be distracted by his space venture, tempted to sell his TSLA shares to fund that next time he goes bankrupt? But yes, I do agree that he could personally (Tony Stark-style) build a few electric cars and meet all the demand there will be once the big boys start making EVs.
TALKING MULE, while the possibility does exist for Tesla to sell out production going foraward, I think the last update showed less than 3,000 refundable deposits were submitted by customers. that's a long, long way from a sell out, wouldn't you say?
No firm production dates. No firm pricing. No production workers hired. No confirmation from the EPA regarding the 4dr passing all safety tests. You REALLY see production being sold out, and I quote you, "....for years"? I don't.