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by prolly_a_moron
3375 days ago
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>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. |
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> 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.