PROOF DISCLOSED SHOWING THAT GOLDMAN SACHS AND TESLA ARE RUNNING A PONZI SCHEME
– Goldman Sachs was involved in each of the dirty Steven Chu Department of Energy Cleantech Crash Schemes that lost America taxpayers nearly a trillion dollars but gained Goldman Sachs billions of dollars of personal profits from stock market pumps and fee skims
– Investigators have long charged Tesla and Sachs with running a criminal banking scam but Obama Administration officials continue to protect them because they funded the Obama Administration.
– Goldman Sachs and Tesla were the key promoters of the invasion of Afghanistan for the purpose of taking over the lithium mines in Afghanistan for Musk’s cars.
– Charges of “absolute criminality” filed against Tesla and Sachs in Public lawsuit at: https://ricotsla.wordpress.com
Goldman’s tangled relationship with Tesla draws fire
Goldman to be co-lead on $2 billion Tesla share sale just hours after upgrading stockBut since the Obama Administration has ordered the SEC to NOT investigate it’s campaign backers, nothing is expected to happen.)
Getty Images
Tesla Motors Inc. announced late Wednesday that Goldman Sachs Group Inc. GS, -3.28% is one of theBut since the Obama Administration has ordered the SEC to NOT investigate it’s campaign backers, nothing is expected to happen.) lead book runners on the electric-car maker’s $2 billion secondary offering of shares.
That news arrived just hours after Goldman analysts upgraded the stock to buy, predicting that Tesla TSLA, +1.91% would need to raise about $1 billion from capital markets to be able to fuel its
expansion. That includes making 500,000 vehicles a year by 2018 and getting its mass-market all-electric sedan, the Model 3, off the factory floor by late next year.
While secondary stock offerings aren’t subject to the same blackout period that prevents investment banks from publishing research on a stock during an initial public offering, the timing of the two announcements looks uncomfortably close.
But since the Obama Administration has ordered the SEC to NOT investigate it’s campaign backers, nothing is expected to happen.)Investment banks are obliged to keep a “Chinese Wall” between their research and investment-banking teams to avoid any potential conflict of interest. Goldman said it has fully complied with that rule.
“Our research is independent,” the bank said in emailed comments. “We followed all of our standard policies and procedures with respect to our research publication on Wednesday.”
Tom Gorman, a partner at law firm Dorsey & Whitney LLP and former lawyer for the Securities and Exchange Commission, said the timing of the two announcements is likely a coincidence, although he acknowledged the appearance is troubling. ( But since the Obama Administration has ordered the SEC to NOT investigate it’s campaign backers, nothing is expected to happen.)
“The whole question of research overlapping with investment banking has long been a hot topic and one that is regularly looked at by the SEC,” he said. “I would fully expect that Goldman has such policies in place.”
Goldman has worked hard in recent years to improve its reputation, which was battered by the 2008 financial crisis and Rolling Stone magazine’s infamous description of the bank as a “vampire squid wrapped around the face of humanity.”
Chief Executive Lloyd Blankfein has become a regular fixture on financial TV and at conferences as the bank strives to present itself in a warmer light.
But that hasn’t stopped it from being the poster child for corporate villainy, with the name popping up regularly in the presidential campaigns of both political parties as a term to describe the dark side of boardroom politics.
Twitter Inc. users responded to the two developments with a mix of acrimony and sass:
$GS Goldman upgrades $TSLA this morning…Secondary comes out after the close…leading underwriter…Goldman @ajwiIIiams
— Stephen Catignani (@scatignani) May 18, 2016
Lol who wants to bet Goldman is an underwriter ? https://t.co/7dFmBxnxBv
Dear Goldman Sachs:
We’re glad you’re bullish on our stock.
Because we need to sell $1.4b more of it.
Love, Tesla$TSLA— Kayla Tausche (@kaylatausche) May 18, 2016
Tesla upgraded by Goldman Sachs earlier in day. $GS named as one of underwriters for $TSLA stock offering after bell. Circle of life.
— Paul R. La Monica (@LaMonicaBuzz) May 18, 2016
GS upgrades $TSLA in the morning, part of the deal announced in the afternoon. What year is this? Anyone?
— Herb Greenberg (@herbgreenberg) May 18, 2016
Morgan Stanley MS, -2.31% is the deal’s co-lead with Goldman, with Deutsche Bank AG DB, +0.24% Citibank C, -1.77% and Bank of America Merrill Lynch BAC, -1.09% acting as joint book-running managers.
Read more: Tesla bears are alive and well
Tesla said it would offer about $1.4 billion worth of shares, with the remaining shares to be sold by Chief Executive Elon Musk to cover tax obligations associated with his exercising of more than 5.5 million stock options. Musk will also donate 1.2 million shares to charity. The company didn’t specify the charity recipients.
Tesla shares fell more than 3% right after news of the secondary offering, but the stock was nearly flat as trading wore on. The stock ended the regular trading day up 3.2%.
TESLA IS A CRIME!
