Elon Isn’t Going To Jail
Analyzing the Narrative
I remember the day fairly well (I am long $TSLA equity as well as call options).
The first big Tesla news of the day was an article released by the Financial Times that stated that the Saudi Sovereign Wealth fund had “acquired a significant position” in the stock“.
I averaged some
Then Elon put the stock in Falcon-X mode when he tweeted on his official Twitter account that he was considering taking the company private at $420 a share
….then came the opening interpretations.
The first thing I thought that made sense started being reported on CNBC three hours after I made this post. Even a good friend called it far-fetched on StockTwits (I see you Flo!)
Then we get a