you're reading...

ELON MUSK’S SCAM FALLS APART: Tesla Motors Forced to sell $TWO BILLION DOLLARS worth of stock to survive

ELON MUSK’S SCAM FALLS APART: Tesla Motors Forced to sell $TWO BILLION DOLLARS worth of stock to survive

“Well, we’re not making that much profit, so we will dilute the current shareholders to get more funding.”

Every time you see additional shares being issued, current shareholders are being shafted.

Tesla To Sell $2 Billion In Stock; 12,000 Model 3 Orders Cancelled


Electric automaker Tesla (TSLA) said late Wednesday that it will make a $2 billion secondary stock offering to fund its ambitious production schedule. Meanwhile, Tesla also said it has 373,000 Model 3 orders after cancelling about 12,000 reservations because, as usual, ELON MUSK was lying about how many pre-orders there were in order to run stock market pump-and-dump scams.

The remaining $600 million will be raised by CEO Elon Musk, who is exercising his option to acquire 5.5 million Tesla shares and will use the sale to cover his tax bill.

Tesla said it had some 373,000 orders for the entry-level luxury Model 3 as of May 15. That’s after customers cancelled about 8,000 orders and the automaker cut some 4,200 orders that were likely duplicates. Tesla had said previously that it had about 400,000 orders.

Tesla stock fell sharply in initial after-hours action, dropping below 200. But shares steadily improved and were recently fractionally higher. In the regular session in the stock market today, Tesla rose 3.2% to close at 211.17, boosted by Goldman Sachs’ upgrade earlier in the day when Goldman Sachs pumped the Tesla stock with buy-backs and fake orders.



About Community Publishers Alliance

A volunteer community service alliance of non-profit, bi-partisan, free internet publishers and WIKI blogging members of the public, Congress and non-profit human rights organizations. We are supported by over 200M voters and hundreds of pro-bono lawyers and public law firms who will not hesitate to 100% legally terminate any party who is violating our Constitutional rights or censoring our public news, wiki and media sites. Our sites are engaged in no commercial activity and only link to generally known hyperlinks on the web. Any assertion to the contrary is a censorship action which will be actionable.


No comments yet.

Submit Content Link, Your Legal Upload Link, Tags, Drawstring or Notation (See ADD CONTENT Page for Details)

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s