BEFORE ALL OF THAT, TOP STORY
THIS HOUR, THE TESLA BOMBSHELL.
SHAKING UP MARKET IS ONE TWEET
STEADINESS.
I AM CONSIDERING TAKING TESLA
PRIVATE $420 A SHARE.
LATER IN AN E-MAIL TO EMPLOYEES
NO FINAL DECISION HAD BEEN MADE
YET ANOTHER HEATED RIGHT IS.
THIS PROPOSAL TO THE PRIVATE
WOULD ULTIMATELY BE FINALISTS
ARE ABOUT OF SHAREHOLDERS THAT
THE PROCESS SENSIBLY EXPECT
ABOUT PRIVATE TESLA WOULD
ULTIMATELY BE AN ENORMOUS
OPPORTUNITY FOR ALL OF US.
JOINING US NOW IS AUTOMOTIVE
ANALYST JAMES ALBERTINE
INVESTMENT ANALYST TOSHA KEENEY.
GREAT TO SEE YOU BOTH.
THANK YOU FOR JOINING US.
WERE YOU SURPRISED BY THE
ANNOUNCEMENT AS MUCH AS THE REST
OF US WERE?
WE SEE HIM ON EARNINGS CALLS GET
FRUSTRATED WITH QUESTIONS
RELATIVELY SHORT-TERM.
THE SUPPORTS UNDER THE
RECORDS IS ONE THING.
THAT'S FINE.
PRIVATE, THAT IS SOMETHING
ALTOGETHER DIFFERENT.
DID HE BREAK THE LAW?
>> WE'VE SEEN IN THE PAST CEO'S
TWEET SOMETHING LIKE THIS AS
LONG AS THEY PROVIDE PROPER
DISCLOSURE AND POINT INVESTORS
ABOUT WHERE TO GET INFORMATION
THAT COULD BE OKAY.
PLAYS OUT.
LOOKING AT THE PRICE, WE THINK
THE STOCK IS VALUED MUCH MORE.
WE TALK ABOUT AUTONOMOUS
DRIVING.
IT CAN GO TO 4005 YEARS.
>> THANKS FOR HAVING ME.
I HATE TO DO THIS.
CONSUMER RESEARCH NOW.
THAT BRINGS US TO THE POINT WE
ARE VERY FOCUSED ON COMPLIANCE
SECURITY IN THE FUNDING FOR
E-MAIL CHAINS EXPECTED NOT MUCH.
THIS IS UNCHARTED TERRITORY.
WE'VE SEEN HIGH-PROFILE ISSUES
WITH REDUCING FOR THE PAST.
NOT SURE THIS IS A CLEAR-CUT
CASE OF A LEGAL ISSUE OR FRAUD.
>> ONE OF THE ISSUES ON THE
LEGAL FRONT AND WHAT IS THE
MATERIALITY OF THIS TWEET.
SOME OF THEM COVERED IN THE NEWS
ISSUES SURROUNDING THAT.
DISCLOSING NEW MATERIAL AND
TITLE?
AND WERE TYPICALLY COMES UP WITH
ANNOUNCEMENTS AND SAYS WE ARE
CONSIDERING ALTERNATIVES.
>> FUNDING SECURED.
>> BACKLESS BACK TO THE STOCK IS
WORK A LOT MORE AND THEN OFFERS
TO BUY $420 A SHARE.
DON'T HAVE A COMPANY GOING
PRIVATE.
HE WON A COMPANY TO GENERATE
MONEY IN CASH.
>> FINANCING SECURED ON A
COMPANY CONSISTENTLY LOSING
INVEST IN A COMPANY THAT CAN
PIGGYBACK.
MARIA: WHAT YOU SAY ABOUT THAT?
>> IF YOU LOOK AT PRIVATE VERSUS
PUBLIC IN GENERAL.
ANALYSTS NOT MAKING ANY EARNINGS
AS THEY WERE REPORTED.
NOT ONLY HAVING CASH FLOW
PROBLEMS.
SO IN THAT THERE'S ANY
UNDERPINNING THAT ARE HAPPENING
IN THE COMPANY THEY'RE NOT ABLE
TO MAKE AN ACCOUNTS PAYABLE WERE
SINCE THE BONDS DOWN.
>> ONE WORRY FOR HIM GOES OUT TO
ON HOW THE BUYOUT WOULD WORK FOR
THE FUNDING IS INDEED IN PLACE.
IS THIS A FALSE STATEMENT OR
NOT?
I'LL POINT THAT TESLA MIGHT NOT
LIKE SHORT-SELLERS ENTREPRENEURS
LIKE THIS GET THEIR TROUSERS IN
THEY HAVE BENEFITED ENORMOUSLY
FROM THE PUBLIC MARKET.
IT IS ACTUALLY HOPE TO RAISE
MONEY, HELP THEM KEEP OPERATING
SHORTSIGHTEDNESS.
YOU KNOW WHAT, YOU KNOW THIS
BEFORE YOU TAKE THE COMPANY
ARE LEGITIMATELY CONCERNED.
>> WOULD YOU SAY ABOUT THAT?
HOW WOULD A PRIVATE TESLA EFFECT
THESE VEHICLES?
>> ALL THE POINTS THAT WOULD
ACCRUE IS GENERALLY ON BOTH
SIDES AS THEY WORK BEST WHEN
THERE'S A GREAT DEBATE.
WHEN YOU SEE CAPITULATION, ONE
GOOD DATA COMES IN AND SAYS WE
ARE GOING TO HAVE A CALL
PROGRESS WHEN THEY SEE IT.
HAPPEN HERE.
EVEN WHEN THERE'S NEGATIVE DATA
MANUFACTURING FACILITY TAKES
MORE YEARS.
IF THAT IS NOT GOOD FOR THE
PUBLIC MARKET, IT'S PROBABLY
BETTER SUITED IN THE PRIVATE
A PUBLIC COMPANY AND
SHORT-SELLERS ANSWERING TO
ANALYSTS?
>> WE ARE LONG-TERM INVESTORS
LOOKING FOR A LONG-TERM
OPPORTUNITY OF A LOT OF THE MOST
ARE FOCUSING ON.
LAST EARNINGS CALL YOU ON MOSQUE
WOULD KNOW THAT TESLA'S FOCUSING
AND WE ALSO SEE A LOT OF
ONCE THAT HAPPENS PEOPLE SAY
ALONG.
IT'S AN INVESTMENT STRATEGY YOU
WOULD TRUST IN THE PRIVATE
MARKET AS WELL?
>> WHEN I LOOK AT THE PRICE AND
WE THINK THE STOCK IS WORTH A
LOT MORE.
WE PREFERRED THE COMPANIES THEY
PUBLIC.
NOW WILL HAPPEN WITH THE CASH
FLOW IS FILED.
HOW ULTIMATELY THEY WILL HAVE TO
SUB THE PUBLIC.
IT GETS TALKED ABOUT A LOT MORE.
HERE'S WHAT TESLA DID TODAY.
IT WAS UP, DOWN.
HERE'S WHAT YOU UNMASK THEATRE
CINEMA CONFERENCE CALL.
>> THE ISSUE SECOND OR SHARES IN
THE PUBLIC ROCKET IN BY OCTOBER
THEY NEED TO RAISE MORE MONEY.
FINANCING SECURITY IS PROBABLY
TALKING ABOUT.
OPERATING.
HE DOESN'T HAVE THE PUSHBACK AND
LONG-TERM PLANS OF DO SOMETHING
BETWEEN THE TWO COMPANIES.