Das gedruckte WSJ macht heute auf zwei interessante Aspekte der möglichen Kurs-Manipulation durch Elon Musk aufmerksam. Zum einen „Ad-hoc-Mitteilungen“ per Twitter. Das geht grundsätzlich:
- The SEC generally allows companies to disseminate news using social media as long as they have told shareholders they might use those channels in addition to regulatory filings. Tesla told investors in a November 2013 filing to follow Mr. Musk’s Twitter feed for “additional information” about the company.
The company filed its regular quarterly report with the SEC Monday evening, days after the board discussions had begun, but it said nothing in the report about a potential buyout.
Interessanter ist der zweite Punkt:
- Tesla has $920 million in convertible bonds that come due in March, with a conversion price of $359.87. If Tesla stock is below that level at the time, the company will have to spend cash to redeem the bonds; if the stock price is above that level, the convertible holders will convert them into Tesla shares, relieving the company of the need to lay out cash.
Tesla had $2.2 billion in cash on its balance sheet as of June 30 and free cash flow of negative $1.8 billion in the first half of 2018. Tuesday’s spike took Tesla stock above the trigger price, and the shares remained above it Wednesday, though they slipped 2.4% to close at $370.34.
kosmologelei 
ganz schön clever, der Musketeer