Elon Musk Proposes Taking TSLA Tesla Private 8-8-18

Elon Musk Tesla

Elon Musk Tesla

Elon Musk’s Tesla buyout would reengineer take-private deals

(Reuters) – Billionaire investor Elon Musk has always done things his own way, from designing space rockets to manufacturing electric cars. Now the Tesla Inc CEO is looking to reengineer how a company can be taken private.

Musk announced on Twitter on Tuesday that he was considering taking Tesla private for $420 per share, or $72 billion, in what would be the biggest deal of this kind. He said the funding for the deal was secured, but did not provide details.

Tesla shares ended up 11 percent at $379.57, indicating investors gave some credence to the plan.

reuters.com/elon-musks-tesla-buyout-take-private

Tesla Dips as Investors Question Musk’s $72 Billion Aim to Take Carmaker Private

Tesla edged lower in pre-market trading Wednesday as investors appeared to question founder and CEO Elon Musk‘s $72 billion vow to take his iconic clean-energy car company private.

Musk unveiled his intentions in a 12:48 pm eastern time Tweet Tuesday that sent shares rocketing more than 8.5%…

…prompting a ninety minute suspension on the Nasdaq, as investors rushed to snap-up the shares amid his intention to “taking Tesla private at $420” per share, adding that he had “funding secured”.

thestreet.com/tesla-musk-take-carmaker-private

Did Elon Musk break any laws with his going-private tweet today?

Regulation Fair Disclosure, or FD, requires companies “to distribute material information in a manner reasonably designed to get that information out to the general public broadly and non- exclusively.”

TSLA Tesla In 8-8-18

TSLA Tesla In 8-8-18

Today's Trade of the Day | 8-8-18

The stock market bulls appear to have run out of room without a fresh catalyst. So that means I am looking for a new short sale expecting a day of profit-taking. LVS Las Vegas Sands continues to show bearish gaps lower and solid selling order flow. Game planning a $68.75 sell stop to trigger the sell short. Stop loss on a close above $70. Expecting a pause after entry @ $68. My target to cover the short sale comes in at $64.25

LVS Las Vegas Sands Corp 8-8-18

LVS Las Vegas Sands Corp 8-8-18


Stocks to Trade | Wednesday Edition 8-8-18

Bullish Cash Flow Trades: HTZ, MNK, TSLA, I, PBF, BZUN, DFS

Bearish Cash Flow Trades: crzo, apc, nbl, nlsn, aa, lng, crc, x, rio

New 20 Day Breakout: HTZ, MNK, TWLO, TSLA, EMR, IVV

New 20 Day Breakdown: xray, crzo, apc, nbl, bidu

Double Normal Volume: TSLA, HTZ, XRAY, Z, ETSY, MNK, APC, TWLO, NBL, HEAR

Become a Better Trader. Get Notified.

Tape Reading the SPY ETF

SPY ETF Chart 8-8-18

SPY ETF Chart 8-8-18

HEADLINE NEWS

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https://www.marketwatch.com/story/why-experts-are-calling-for-the-bubble-to-pop

Amazon now lets you pick up Whole Foods orders without leaving your car
https://www.cnbc.com/2018/08/08/amazon-launch-whole-foods-store-pickups.html

Snap’s Drop in Active Users Could Signal a Social Media Peak
https://www.nytimes.com/2018/08/07/technology/snapchat-users.html

Apple tells lawmakers iPhones are not listening in on consumers
https://www.reuters.com/article/us-apple-privacy/apple-tells-lawmakers-iphones-are-not-listening-in-on-consumers

About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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