Keep your hopes up. Do you think you personally will be one of the favored individuals who is awarded the "new shares?" Certainly new shares will be awarded, but unless you are one of the entities that invests huge sums to take it private, you ain't gonna be in.
"The new shares could be issued for 0$ to who ever Tesla wants, in this case existing shareholders. Let me know why this won’t work if you know?"
Only Accredited Investors can hold private shares. Investment Banks and all the various institutional funds are not in the business of holding illiquid private securities that can only be bought/sold once or twice a year and then only under special circumstances. Such a plan would devastate the value of the common stock which is only being propped up by traders (both positive and short).
Musk has greatly damaged whatever LBO value there was by tweeting about it last week. He lost all leverage by needing a bailout (both financially and legally) that if an offer does it come it will be far lower than $420.
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