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Monday, 06/18/2018 3:34:47 AM

Monday, June 18, 2018 3:34:47 AM

Post# of 85929
Elon Musk has recently made two insider purchases. He bought 10,000 shares of Tesla about two weeks ago, and he bought 25,000 shares of Tesla a few days ago. Before these two purchase, Elon already owned more than 32 million shares of Tesla. And he has pledged majority of those 32 million shares as a collateral to obtain loans. If TSLA goes down to $220, he'll receive a margin call which he could potentially not be able to satisfy. This is the first reason he is manipulating TSLA. The second reason is because he has figured that no wall street firm will provide any financing for him. He knows that his only option is equity offering. He is manipulating TSLA so he could raise more money. The higher the price of TSLA, the more money he gets to raise. Please stop this securities fraud. This is a major issue. Thanks. I catch thieves for a living.
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