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It probably means they will post a profit in Q2 because they can reverse a capital provision for the DOE loan. The rest of the money will probably go into r&d and into the factory to ramp up prduction even more.
And last not least: They will take hedge transactions to prevent diluting.
Read full pr here: http://ir.teslamotors.com/common/mobile/iphone/releasedetail.cfm?ReleaseID=765206&CompanyID=ABEA-4CW8X0&mobileid=
There you go:
Supercharger announcement pushed to next week. Something else this week.
— Elon Musk (@elonmusk) May 14, 2013
Here we go: Morgan Stanley raises Tesla price target to $103
http://www.businessinsider.com/morgan-stanley-tesla-price-target-2013-5
Looks like everybody is scrambling to get in under $100
Tesla sales beating Mercedes, BMW and Audi
http://money.cnn.com/2013/05/13/autos/tesla-sales-bmw-mercedes-audi/index.html?source=yahoo_quote
$ 80.50 in pre-market trading.
Volume 97k
http://data.cnbc.com/quotes/TSLA
Settlement Date 4/30/2013
Short Interest 27,501,901
Avg Daily Share Volume 3,453,140
Days To Cover 7.964317
Read more: http://www.nasdaq.com/symbol/tsla/short-interest#ixzz2Spmwb3jF
New short interest report due today after hours:
http://www.nasdaqtrader.com/Trader.aspx?id=ShortIntPubSch
That they are not pondering raising additional capital
Sorry, i am on mobile...
Elon said the conference call that they are pondering a capital raise.
So i think we're good for now on that front.
I think in the next 2 weeks you will see the first analysts come out with a $100 pricetag.
EPS $ 0.12! They pulled it off! They really did!
http://ir.teslamotors.com/common/download/download.cfm?companyid=ABEA-4CW8X0&fileid=661989&filekey=ee71d11b-3563-489c-9471-9319fd963626&filename=Q1%2013%20Shareholder%20Letter.pdf
I expect them to produce 500 cars per week while improving their gross margin. Elon stated in that last conference call (earnings 2012) that they were diligently working on their efficiency (reducing overtime, improving the supply chain, etc.).
Tomorrow after hours should be fun.
Blog entry by George Blankenship, Vice President, Worldwide Sales and Ownership Experience, 03.21.2013:
Over the past few months it’s been fun to watch the company achieve new milestones. First it was the factory ramping up to full production in December. During the past three weeks we have averaged more than 500 Model S deliveries per week, and it looks like we’ll be setting another record this week.
Looks like they actually trying to short this stock again...before earnings. Crazy.
The latest VIN of the Model S i found read 10,646!
Source: http://www.teslamotorsclub.com/showthread.php/14278-40-kWh-Delivery-Timing/page12
With 2,750 Model S produced in 2012 that would make (10,646 - 2,750) 7,896 cars of the Model S produced in the Q1 2013? Did i get this right?
But we could try this the other way around:
They got 16 full weeks of production in Q1 2013 (17 weeks minus one week of holiday, see shareholder letter in feb) and they are making more than 400 cars per week. That would leave us with (at least!) 6,400 cars produced in Q1 2013.
I expect them to blow past their revised goal of 4,750 sold cars in Q1 2013.
Baird raises price target to $62 from $45; rating outperform
found here
Elton Musk on Twitter:
Time to up the ante (and fix some mistakes). Tesla announcement tomorrow.
— Elon Musk (@elonmusk) May 2, 2013
There is still a massive amount of shorted stock according to shortsqueeze.com:
Short Interest (Shares Short) 30,695,100
Days To Cover (Short Interest Ratio) 7.5
Short Percent of Float 42.43 %
Short Interest - Prior 31,300,000
Short % Increase / Decrease -1.93
This should be fun. The official results for Q1 2013 - first profitable quarter ever - could be the trigger for a significant short squeeze.
VERIZON activates 615k iPhone 5 in Q3:
http://techcrunch.com/2012/10/18/verizon-activated-3-1-million-iphones-in-q3-2012-615k-were-iphone-5s/
Since the new iphone started shipping on Sept 21th and Q3 ended on Sept 30th that means 615k were sold in 10 days, right?
That means if the MBS claim (MARTA claim, $435M) goes out the window we would be in the (LTI) money, right?
I still dont know what to make of this.
The Liquidation analysis of the 7th amended plan projected $7.4B to be distributed to claims holder. $6.8B have been distributed according to the report. And roughly $1B are left in the LT. But then again the report states that $700M are for disputed assets.
Can someone shed light on this matter?
Volume Pre-market 800k and counting. Amazing. eom
There u have it: 0.75. Bye, Bye!
Did i get this right:
A former Preferred shareholder (WAMPQ) will get 75%* of the cash flow from the liquidating trust and a former common shareholder 25% of the cash flow.
*(=entitled to receive distributions in accordance with the provisions of Sections 23.1)
Registration form of securities of WMI Holdings Corp:
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0000909518%2D12%2D000116%2Etxt&FilePath=%5C2012%5C03%5C20%5C&CoName=WASHINGTON+MUTUAL%2C+INC&FormType=8%2DA12G&RcvdDate=3%2F20%2F2012&pdf=
Thanks a lot, RS! That makes sense to me.
This post-effective amendment deregisters the securities that remain unsold hereunder as of the date hereof.
I would bet Rockies shares on it: Tomorrow will be the effective date. Everything is set.
EDIT: This my opinion, not a fact.
Since PFG didnt object to the proposal of the debtors i think it will be the $1.69.
p. 3:
the price of WMI common stock as of the close of business on the day immediately preceding the Petition Date. Of the options set forth in the Seventh Amended Plan, the Debtors believe that this choice reflects the best outcome for impacted parties as this is the date that WMI common stock was most valuable (i.e., there will be less dilution)
I dont know how they submitted a release election but according to the Klamser declaration they elected to opt in and grant releases. Thats all i was trying to say.
...[does not] make them members of Class 22 for voting or release election purposes.
...shall have the same priority, and shall be treated similarly, as common equity interests,
I think she will run with this
If the judge uses the $1.69 pps number as the divisor, that would mean that the $35m would equal 20,710,059 common shares. Add that to 1.7bil, and then divide the result into the 20,710,059. That gives about 1.22%. So PFG would be deemed to own about 1.22% of all commons, and that would be their cut, 1.22% of the shares distributed to commons. Commons are getting 25% of 95%, or 23.75% of newco, or 47,500,000 shares. And PFG would be getting about 580,000 of those newco shares, not much at all.
Were the holders of that claim voting in Class 19/21? If so, I assume they'll need to provide releases via a Master Ballot, and they're not listed on the voting results filing... here's hoping they forget ;D
Your mixing common shares (1.7B) with Preferred shares (7.5B).
The vote of TPS (1.8B of the 7.5B) will be changed to yes.
I think the millions of (additional) fees are coming effectively out of the pocktes of WAHUQ.
Its 19 shares of NewCo for 1 Pref of Series P in my book.
The new amended plan: http://www.kccllc.net/documents/0812229/0812229120216000000000003.pdf
That compensation clause makes you wonder...they definitely saw a change in the split coming.
I still havent made up my mind what Walrath may do to that split. I think its still possible she might not change the split of 70/30.
Hi cat!
I just read your Supplemental Obejection:
http://www.kccllc.net/documents/0812229/0812229120215000000000003.pdf
Well done and I really aprreciate your effort! Thanks a lot for all you've done!