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Okay I know nothing about trading halts but reading this: https://en.wikipedia.org/wiki/Trading_halt https://en.wikipedia.org/wiki/Trading_halt it seems that Te
by 4di 8y ago
Okay I know nothing about trading halts but reading this: https://en.wikipedia.org/wiki/Trading_halt https://en.wikipedia.org/wiki/Trading_halt it seems that Tesla is supposed to tell the exchange to halt trading 10 minutes prior to releasing news. Did Tesla initiate the trading halt here (late) or did the exchange?
- tristanj 8y agoI am not familiar with this area but based on the glossary here https://www.nasdaqtrader.com/Trader.aspx?id=tradehaltcodes https://www.nasdaqtrader.com/Trader.aspx?id=tradehaltcodes , it seems if the halt was done by the exchange it would have a T12 halt code. SteveGregory's comment cites Tesla trading was halted using a T1 halt code (defined as "Trading is halted pending the release of material news"), which I assume would be initiated by Tesla.
- belltaco 8y agoTo further muddy the waters, Fox News business on the latest updates casually mentions that the regulators have halted it, not sure if it's true.
- pgeorgi 8y ago"the regulators halted trading after a request by Tesla" could be true and not mean what you seem to think their statement means.
- deleted 8y ago[deleted]