We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney attempts to recap a busy last week of news for electric car giant Tesla (TSLA - Free Report) , providing a full timeline and some forward-looking speculation on Elon Musk’s shocking proposal to take the company private.
Remember to subscribe and leave a rating on ApplePodcasts if you enjoy the show!
One week ago, Elon Musk stunned investors by tweeting out his considerations related to taking Tesla private at $420 per share. Among other things, Musk’s tweet implied that funding to execute such a deal had already been secured and that current Tesla investors would have choices to continue participating in the ownership of the private entity.
Musk was quickly forced to follow up his tweets with an official blog post providing more details about the plan, which raised even more questions about his motivation to seek out a go-private deal—especially as reports that the Saudi sovereign wealth fund had built a sizeable stake in Tesla were breaking at the same time.
A day later, the Tesla board said that Musk had pitched the deal to them about a week prior, confirming—at the very least—that the polarizing chief executive was not making things up entirely on the spot.
This week, the plot got thicker as Musk confirmed his implication that go-private funding had been secured was, in fact, based on continued conversations with the Saudis. We also learned this week that Tesla has put together a three-person committee to study Musk’s plan.
Simply put, this has the potential to be Wall Street’s biggest story of the year, with a go-private deal of this magnitude being almost unprecedented and Musk’s chosen means of revealing the proposal being rather unconventional.
On today’s Tech Talk Tuesday, the host recaps this timeline and touches on why Musk’s unconventional methods of informing the public have landed him a fresh SEC probe. Ryan also speculates as to whether or not this deal can actually get done and debates the chances that this is all an intentional distraction by Musk.
Make sure to check out the show to hear more!
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating!
As always, thanks for listening to the Zacks Tech Talk Tuesday Podcast; we will see you next time!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
So, What the Heck Is Happening at Tesla?
On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney attempts to recap a busy last week of news for electric car giant Tesla (TSLA - Free Report) , providing a full timeline and some forward-looking speculation on Elon Musk’s shocking proposal to take the company private.
Remember to subscribe and leave a rating on ApplePodcasts if you enjoy the show!
One week ago, Elon Musk stunned investors by tweeting out his considerations related to taking Tesla private at $420 per share. Among other things, Musk’s tweet implied that funding to execute such a deal had already been secured and that current Tesla investors would have choices to continue participating in the ownership of the private entity.
Musk was quickly forced to follow up his tweets with an official blog post providing more details about the plan, which raised even more questions about his motivation to seek out a go-private deal—especially as reports that the Saudi sovereign wealth fund had built a sizeable stake in Tesla were breaking at the same time.
A day later, the Tesla board said that Musk had pitched the deal to them about a week prior, confirming—at the very least—that the polarizing chief executive was not making things up entirely on the spot.
This week, the plot got thicker as Musk confirmed his implication that go-private funding had been secured was, in fact, based on continued conversations with the Saudis. We also learned this week that Tesla has put together a three-person committee to study Musk’s plan.
Simply put, this has the potential to be Wall Street’s biggest story of the year, with a go-private deal of this magnitude being almost unprecedented and Musk’s chosen means of revealing the proposal being rather unconventional.
On today’s Tech Talk Tuesday, the host recaps this timeline and touches on why Musk’s unconventional methods of informing the public have landed him a fresh SEC probe. Ryan also speculates as to whether or not this deal can actually get done and debates the chances that this is all an intentional distraction by Musk.
Make sure to check out the show to hear more!
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating!
As always, thanks for listening to the Zacks Tech Talk Tuesday Podcast; we will see you next time!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>