TSLA Drops 4% in 20 Minutes
August 27th, 2020
I fully expect some dilution. This 4% drop in 20 minutes could signal a dilution. I am of the opinion that S&P has told Tesla they will be included, requested dilutions of shares to free up shares for purchasing. I assume Tesla has agreed and this is the second of three dilutions in the near term.
You can see the first dip on Aug 24 where I expect it was a 3% dilution.
The initial 3% dilution would have raised ~$11B and the second dilution would have raised an additional ~$16B.
A 7% dilution seems to be a weird #. More likely I think we have seen 2 of 3 dilutions and we can expect a third 3% dilution which will raise another ~$12B in total giving Tesla +~$40B on their balance sheet.
FYI, this could all be my imagination.
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