Tesla, they sold 46% of an interest in a working well (lease?), for $400,000 in the short term. Did they own 100% of this interest, thus retaining 54% for long term profits? If so, it's kind of like buying a penny stock, seeing it double, selling half and riding free shares. A rather smart strategy of pulling out working capital once successful and getting that capital back to work getting a new success. A solid plan to build long term wealth, IMO. Especially if they still own a significant % of the long term stream of cash flow from production.
It would be interesting to know the full capital details of % ownership, cost of drill expended, etc., but from what I can tell without being able to verify these details on my mobile, I'd say it's a very smart way to use/obtain working capital and avoid the pitfalls of dilutive financing. JMO.
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