Tesla gamble

Hey Jow Forums i came into a small amount of money from a car accident that was caused by the other driver and I wanted to put some of it into the stock market.
I've been doing some reading on Tesla and how Musk is considering going private. In my readings I found that he was considering creating a "special purpose fund enabling anyone to stay with Tesla". Should i buy a stock and hold it?

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What I mean is buy a stock hold it and get in on the "special fund" should Tesla go private?

TSLA is very volatile. Any headline can move it 40 points over the weekend and probably lower is most likely.

Also if you buy now and it goes private you win no matter happens. I wouldn't worry about getting $ or staying for private.

Just to clarify
Your saying to go ahead and invest?

Bump

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If you want to buy in to Tesla don't do it now. Bearish chart, weak support at current level, not oversold yet. The price levels support may establish are:

>$285-290
>$275
>$245

Also watch out for oversold conditions on the daily RSI. Buying right now is knife catching and not even technically sound knife catching.

It's possible he's pulling in the shorts one more time before he fucks them with the $420 buyout.

I mean, is this guy that fucking autistic to cry in a NYT interview about how he's high AF on Ambien all the time?

"The worst is yet to come" - Elon Musk (to the shorters probably)

>I mean, is this guy that fucking autistic to cry in a NYT interview about how he's high AF on Ambien all the time?

I don't think it matters if he was genuine about that or not. The appearance of it is bad for investor confidence. Confidence goes down, people pull out because it feels dicey, SP drops until day and swing traders start heavily buying the dip (otherwise known as support level).

Ahaha dude you're a week late for that play. It was good for a day but now the narrative is completely different

Ok so wait for the stock to fall a little more is what you're saying

Im not looking to see when he offers $420. Im looking to keep my share and get into the special fund he mentioned.

Should he decide to go private he cant force the investors to take the $420 right? I can still keep my share and get in on the fund?

What I'm basically asking is if its worth buying a stock now to get in on the fund? (If he does go private)

if the majority of the shareholders vote to take the company private, all shares will be sold at the agreed upon price.

>Ok so wait for the stock to fall a little more is what you're saying

Yes. Buy when daily RSI is oversold (under 30) or when support is established for a few days (essentially holding a flat price range).

Now i'm not saying it can't just shoot straight back up on Monday. My point is the probability of that is low.

All that said, this is a big money stock with penny stock volatility so you better be very careful buying and holding it at any level. With this much news coverage and questionable stuff happening, I personally wouldn't touch it. And I say that as a guy who regularly trades high volatility derivatives.

Why on earth would you want to hold this stock?

The most optimistic scenario for TSLA is bankruptcy and re-organization, coming back as niche auto manufacturer. Current shares will be worth 0 in this case.

If this is "Just as planned" it would be the greatest event in history. I don't think it is. He worked too hard and got too deep into stress.

It's recoverable from. He is just digging himself in deeper lately though. He needs to ditch grimes, find a super submissive chick that will give him massages and isn't a hipster scum, and have a PR assistant run his twitter instead of letting him ever tweet again.

The reason i want to hold isto get in on the special fund he mentioned for share holders who dont want to sell

K. Never trust that kind of rumor. Nobody knows if there is any substance to his tweet. The arabs who allegedly were thinking about such a deal are now on record saying something along the lines of they're not sure.

>>Generally speaking, private companies are allowed to have up to 2,000 regular shareholders without triggering SEC reporting requirements. If a fund were created, it could be a way be a way to sidestep the limit.

>>However, in that case, experts say the investors would need to be accredited — meaning they need to have at least $1 million in investable assets excluding the value of their home or average yearly earnings of $200,000 ($300,000 for married couples).

i don't think you'd meet the requirements.

Fuuuck ok that makes every sense in the world
Damn i just thought I'd try to do something smart with the little money i got
Guess i have to find something else to invest
Thanks user

I think you would be wasting your capital, taking a big risk with very limited upside and huge downside.

I encourage you to dig deeper into the TSLA Short Thesis before committing any money to this plan. It's all out there in the open.

numbers numbers numbers

MU