$30,000 Millionaire said:
Scalped some Tesla. It's volatile
the clue I look for is the last hour of the day. If we have continuation into the close, I'd bet on continuation into at least tomorrow morning.Philip J Fry said:
Question is, how far does this bounce go? Is this just a today thing, or do we get more tomorrow?
BaylorSpineGuy said:
Can someone explain why Musk has TSLA stock on margin? Aren't all his shares guaranteed as the CEO? And if he bought additional on margin, why didn't he close the position before it started to go down? He knows his company's stock price better than anyone else. This doesn't make sense to me.
Quote:
"Tesla executives are permitted to take out loans up to 25% of the company's stock value, using the shares as collateral. However, the initial loan-to-value ratio for the $12.5 billion facility component of Musk's Twitter financing was 20%. As a result, the $12.5 billion loans required $62.5 billion shares as security. That agreement's initial margin call occurs when the loan-to-value ratio drops below 35%. Musk received his first call this past week, supposing the facility was fully utilized when the Twitter takeover transaction concluded. To reach a loan-to-value ratio of 35%, the price of Tesla shares had to fall by around 43%. As a result, the Tesla stock, which ended at $125.35 on December 22, was down 44% from the time of the Twitter acquisition.
When faced with a margin call, a person has three options: pay back a portion of the loan, provide extra security, or combine the two. For the loan, Musk could have repaid the margin facility in the amount of around $3.7 billion, pledged an additional $15 billion in Tesla stock as collateral, or any combination of the two.
Earlier in the month, Musk did sell Tesla stock for around $3.6 billion. However, he may not have wanted to commit additional Tesla shares because he was concerned about the margin call.
Recent regulatory filings reveal that Musk has around 267 million Tesla shares pledged as collateral for margin borrowing. In addition, he owns roughly 423 million Tesla shares and some fully exercised management stock options."
wanderer said:
What strike/date were you using?
Van Taylor (R) TX may be sounding the alarm 🚨
— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) December 29, 2022
He just sold over $12M worth of stock and happens to sit on the House Committee on Financial Services
The largest sales include almost $10M worth of Oil Stocks
Trades include:
— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) December 29, 2022
Sold ~$250K of $BMY
Sold ~$1M of $CVX
Sold ~$5M of $LLY
Sold ~$5M of $XOM
Sold ~$250K of $MCO
Sold ~$15K of $OXY
Sold ~$250K of $ZBH
irish pete ag06 said:Van Taylor (R) TX may be sounding the alarm 🚨
— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) December 29, 2022
He just sold over $12M worth of stock and happens to sit on the House Committee on Financial Services
The largest sales include almost $10M worth of Oil StocksTrades include:
— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) December 29, 2022
Sold ~$250K of $BMY
Sold ~$1M of $CVX
Sold ~$5M of $LLY
Sold ~$5M of $XOM
Sold ~$250K of $MCO
Sold ~$15K of $OXY
Sold ~$250K of $ZBH
Boy Named Sue said:
I know Van Taylor. I'm inclined to think he knows something. That XOM sale is particularly concerning, but I'd like to know when he bought it.
$30,000 Millionaire said:
I want to know how Van Taylor got $12M
Military career, straight into public service…..
Yep. It used to be that most public servants were rich, but they all made their money before office and were doing it truly from service. Not always, there's always been bad apples and barons of K Street, but idealistically they had earned the respect of their community before being elected to serve.$30,000 Millionaire said:
The net worth of some of these guys just doesn't add up. Astounding figures for public servants.
Buck Compton said:Yep. It used to be that most public servants were rich, but they all made their money before office and were doing it truly from service. Not always, there's always been bad apples and barons of K Street, but idealistically they had earned the respect of their community before being elected to serve.$30,000 Millionaire said:
The net worth of some of these guys just doesn't add up. Astounding figures for public servants.
Now we have an elected (and often non-elected) career class of politicians that are somehow becoming extra rich off of it.
Buck Compton said:Yep. It used to be that most public servants were rich, but they all made their money before office and were doing it truly from service. Not always, there's always been bad apples and barons of K Street, but idealistically they had earned the respect of their community before being elected to serve.$30,000 Millionaire said:
The net worth of some of these guys just doesn't add up. Astounding figures for public servants.
Now we have an elected (and often non-elected) career class of politicians that are somehow becoming extra rich off of it.
