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TSLA soon to be ~$300/share

Discussion in 'Tesla' started by bwilson4web, Aug 12, 2020.

  1. bwilson4web

    bwilson4web BMW i3 and Model 3

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    Tesla announced a 1-to-5 stock split so ~$1,500/share will soon be ~$300/share. This of course matches the claim of SHORT sellers but by other means.

    Source: Tesla Announces a Five-for-One Stock Split | Tesla, Inc.

    PALO ALTO, Calif., Aug. 11, 2020 (GLOBE NEWSWIRE) -- Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will begin on a stock split-adjusted basis on August 31, 2020.​

    Bob Wilson
     
    #1 bwilson4web, Aug 12, 2020
  2. hill

    hill High Fiber Member

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    The better ½ read me the riot act for buying Tesla for nearly $700 ( she's very very finances worried). I had the last laugh over that - as it now fluctuates between - $1400 - $1700. So. I couched the news about the split by telling her, "the stock price dropped into the $300's ....". Before she could finish saying, "I TOLD YOU SO", I sprang the good news on her, as to the reason why. LOL.
    .
     
    #2 hill, Aug 12, 2020
    bwilson4web, Raytheeagle, Prodigyplace and 1 other person like this.
  3. bisco

    bisco cookie crumbler

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    will that be a good time to buy?
     
    #3 bisco, Aug 12, 2020
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  4. Mark57

    Mark57 2021 Tesla Model 3 LR AWD

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    Have you factored in just how long you're going to be paying for that bit of fun . . . . do I hear months, years, or decades . . . :p
     
    #4 Mark57, Aug 12, 2020
  5. hill

    hill High Fiber Member

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    i'm really trying to keep those thoughts inside - but sometimes no matter how hard you try, like diarrhea, sometimes it slips out

    .
     
    #5 hill, Aug 12, 2020
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  6. SFO

    SFO Senior Member

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    What is the monthly burn rate at now?
     
    #6 SFO, Aug 12, 2020
  7. hill

    hill High Fiber Member

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    hmmm - let's see . . .

    Tesla turns a profit for the fourth quarter in a row — a first for the company - The Verge
    .
     
    #7 hill, Aug 12, 2020
  8. bwilson4web

    bwilson4web BMW i3 and Model 3

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    Tesla is building more capacity:
    • Nevada continues to expand
    • Reports are Fremont will shutdown for reconfiguration
    • Shanghai continues to expand
    • Berlin is being built with some exterior walls already up
    • Austin is being site prepared
    It is very likely Tesla will double their manufacturing capacity in the next year. The remote factories will all but eliminate shipping and import taxes.

    NO, NO, NO, put your money into USA manufacturers that are still shutting down and selling their factories ... NOT!

    Bob Wilson
     
    #8 bwilson4web, Aug 13, 2020
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  9. bisco

    bisco cookie crumbler

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    i've got $15,000. worth of ford and gm. i'm going to put in a sell order, hoping for an up day, and buy tesla after the split. if they haven't sold yet, i have 50k from facebook burning a hole in my pocket.

    may pick up some apple too, just for funsies
     
    #9 bisco, Aug 13, 2020
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  10. hill

    hill High Fiber Member

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    new record today.
    Capture+_2020-08-20-13-44-06-1.png
    Over $2k/share .... $500/share considering the 5 to 1 split. Did you dump that Ford & GM yet?
     
    #10 hill, Aug 20, 2020
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  11. 3PriusMike

    3PriusMike Prius owner since 2000, Tesla M3 2018

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    I've seen this movie before...the closing price today is 2001: A SpaceX odyssey

    Mike
     
    #11 3PriusMike, Aug 20, 2020
  12. bisco

    bisco cookie crumbler

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    my partner is up $3,500. on his 10 shares in a week
     
    #12 bisco, Aug 20, 2020
  13. hill

    hill High Fiber Member

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    it's not such a nail bite'er - playing with the house's $$$$$
    .
     
    #13 hill, Aug 22, 2020
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