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Shopping With Shares

|Includes: Tesla, Inc. (TSLA)

Tesla has actually delivered on a promise: they bought Car-hauling assets.

According to today's S3 they paid with shares.

The timeline looks suspicious.

This is only my second Seeking-Alpha article ever and I want to capitalize on my time-zone being ahead of the U.S.

This morning, Tesla filed an S3 filing with the SEC with very curious content:

Apparently they have bought "certain Assets" from Central Valley Auto Transport, Inc. at the beginning of the Year 2019 and paid with the issue of 49,967 shares.

The Seller insisted that the Shares being registered, a respective "Registration Rights Agreement" was entered into on Jan 7th and is included in the Filing as Exhibit 4.1.

This agreement does not give a specific date for such registration but tons of language providing reason for NOT doing it.

The actual filing took place today, some 99 days AFTER the date of the agreement.

This whole thing to me seems to be THE most normal way to effect a comparatively low volume purchase of a non-core business capital equipment item imaginable. 

Or not?

Draw your own conclusions.

Disclosure: I am/we are short via CFD and Put-Options.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.