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by prolly_a_moron 3375 days ago
>Tencent's position was acquired on the open market and the rest via the March 17 offering.

Editing because I think we were talking past each other. Yes, I didn't mean this specific event. I tend to meld all these TSLA threads together in my mind.

1 comments

Here's a comment you wrote elsewhere in this thread:

> It's my understanding that this was another offering, so, essentially, Tesla sold 5% to Tencent at an average price of $217 and change. Current shareholders get diluted. Prices go up.

This is entirely incorrect. The only shares Tesla told to Tencent were priced at $255 as part of the March 17 offering, and that only represents < 2% of Tencent's position.

>This is entirely incorrect.

The comment was 4 hours old, based off a Seeking Alpha news bulletin (I should have known better) and was prefaced with "it's my understanding..." which left it open for you, or anyone else, to correct.

What exactly are you out to prove here?

I'm not out to prove anything. I was just trying to correct misinformation, just like you said!
Isn't that exactly what he did? Correct you?