Fed intervention in markets no longer necessary -- there is no market without the Fed, the Fed is the market.
In a related note - Tesla should add $10 Billion in Market Cap on announcing new Russian Red color option!
after all, when she leased a Model "S" two years ago Tesla stock added $5 billion in Market-Cap!!!
or may be that was per/year, anyway, it's positive, right?
Tesla announced today an offering of $1.6 billion aggregate principal amount of convertible senior notes in an underwritten registered public offering. Of the total offering, Tesla will offer $800 million aggregate principal amount of convertible senior notes due 2019 and $800 million aggregate principal amount of convertible senior notes due 2021. In addition, Tesla intends to grant the underwriters a 30-day option to purchase up to an additional $120 million in aggregate principal amount of convertible senior notes due 2019 and an additional $120 million in aggregate principal amount of convertible senior notes due 2021, for a total potential offering size of up to $1.84 billion.
Tesla intends to use the net proceeds from the offering to accelerate the growth of its business in the U.S. and internationally, for the development and production of its "Gen III" mass market vehicle, the development of the Tesla Gigafactory and other general corporate purposes.
The convertible senior notes due 2019 will be convertible into cash, shares of Tesla's common stock, or a combination thereof, at Tesla's election. The convertible senior notes due 2021 will be convertible into cash and, if applicable, shares of Tesla's common stock (subject to Tesla's right to deliver cash in lieu of such shares of common stock). The interest rate, conversion rate and other terms of the notes are to be determined.
In connection with the offering of the notes, Tesla intends to enter into convertible note hedge transactions and warrant transactions, which are generally expected to prevent dilution up to approximately 100% over the common stock price at the time of pricing of the notes due 2019 and 120% over the common stock price at the time of pricing of the notes due 2021. Tesla intends to use a portion of the proceeds from the offering to pay the net cost of the convertible note hedge transactions.
should only cost government $2.5 trillion!
New battery factory to employ more workers than boeing aircraft!
To cost billions but that's no big deal ... Elon promises millions will be hired ... government to provide zillions in tax credits!!! Move over Google, Priceline, Netflix, and every other stock trading between $400 and $1,200 bucks ... TESLA GOING TO $5,000 PER/SHARE ... most likely next week!
That's funny and expected from somebody that has never worked a day in their life.
that tells you how powerful ADVERTISING can be for a auto maker that sells less cars in ONE YEAR than Ford does in ONE MONTH.
one day Tesla will have to include in the so-called Earnings Report; salaries, general operating expenses, interest payments, the cost of the manufacturing plant and other typical expenses like the 'electric bill'.
The idea is to value the company like Netflix.