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like Elon sell.. (oh I mean FED interest rate hikess ...) ??This one smells like a 10b5-1 thing going on. The volume is unreal. There has been a minor drop in volume last Thursday, but Friday, Monday, and today have been very high volume days, with significant under-performance. Obviously Monday was the exception to the under-performance trend when the poll results came out before market opened.
Elon (and we) laugh at this at the moment but there's enough volume here in the past few weeks to where big positions could be being made...big enough to have real input on the board and the way Tesla is run.
Do you have a source for that? Curious to see how much, etc.
Chamath is not really plugged into Elon World, so should not be expected to have insight into his activities. They are acquaintances only, as far as I can tell. But even if he were a friend, I doubt that he would know.Chama
Chamath indicated the last sale was result of a margin call... and Elon tweeted/advised to avoid margin.
Unlike religion the main entity that you need to have faith in is yourself.Successful investing has lot of parallels with religion
You must totally believe and you must have blind faith to go through extreme adversity
Those who lose faith do not have a chance.
Nobody’s perfect. You will always be wrong, but keep on working relentlessly toward your goal no matter what.
Lot of us became multimillionaires, holding Tesla, and next logical step would be to become billionaires or multibillionaires, but only for those who do not lose faith.
No guarantees and no investing advise.
Elon (and we) laugh at this at the moment but there's enough volume here in the past few weeks to where big positions could be being made...big enough to have real input on the board and the way Tesla is run.
I'd put the odds of Elon being ousted as CEO as material at this point
I think he should have hammered the stock into oblivion when his offer was accepted once upon a time. He should have raised all the money he needed immediately. All uncertainty regarding financing would be done. He might even have money left over to buy personally if he so chose. The SP would be much better off now.TSLA Bagholder #1: "Elon selling a massive amount of shares doesn't do anything, it's the manipulators jumping on!"
TSLA Bagholder #2: "No Elon shouldn't sell drip-drip slowly all year, the manipulators would jump on!"
Count me (based on my experience in design control systems and non-linear dynamics) in the group that thinks a slow, steady selling would have been much more palatable and beneficial for all of us non-manipulators.
I listened to that segment and it was all "I think" and "maybe"Chamath indicated the last sale was result of a margin call... and Elon tweeted/advised to avoid margin.
There is absolutely nothing even the remotest bit funny in what you showed. Without knowing anything about Ross Gerber other than what some of you have mentioned from time to time, for a person of Mr Musk's stature thus to misuse his intellect, his experience and his abilities, all the more so after having been gifted hundreds of billions of dollars worth of shares by TSLA investors - words fail even me. How many times has this community known me to be at a loss for words?
Just thought I'd follow up on this.Great post.
I'd add that any doubters can check the numbers themselves with SPY (SPY is a very transparent view into ETF holdings). Tesla has indeed already declined as a percentage of the ETF to reflect its decline in market cap..
As of yesterday, it was about 1.24% of the index (SPY: SPDR® S&P 500® ETF Trust). It has fallen quite a bit and today sits at 10th in the S&P 500.
On September 30, it was 2.34% of the index (doc-viewer).
That computes with the relative market decline. TSLA has underperformed SPY during that period by 4600 bps. Its weight should have declined accordingly.
And if you really want to confirm, just follow up on Tuesday when the ETFs report Monday holdings. As of yesterday, SPY held 30,246,804 shares of TSLA. There will be a bit of noise to subscriptions/redemptions of SPY, but you should be able to see whether SPY was a seller or a buyer today.
There is absolutely nothing even the remotest bit funny in what you showed. Without knowing anything about Ross Gerber other than what some of you have mentioned from time to time, for a person of Mr Musk's stature thus to misuse his intellect, his experience and his abilities, all the more so after having been gifted hundreds of billions of dollars worth of shares by TSLA investors - words fail even me. How many times has this community known me to be at a loss for words?
Perspective:
suppose you were the unluckiest, worst market timer of all time and bought TSLA at very top back in November/December 2010 at split adjusted $2.428 and sold it 9 years later at very low of $11.80 in June 2019. you made 4.85X your money over 9 years for ARR 19%
most money managers never make 19% ARR over 9 years.
now if you were not only unlucky, not only THE worst market timer of 2019 but also had the utterly lack of evidence based, blind faith type of stubborn investing streak that actually made you not sell your TSLA at the very low but instead hold it for another 30 months then instead of 4.85X your money for mere 19% ARR, you made 170X your money over 12 years which is approx 53 to 54% ARR
for $1 million initial investment that is a difference of $165 million due to lack of faith and willingness to sell at a new low due to sheer panic
something to think about before you sell at a new low
not financial or investment advice
We can only hope.Elon (and we) laugh at this at the moment but there's enough volume here in the past few weeks to where big positions could be being made...big enough to have real input on the board and the way Tesla is run.
I'd put the odds of Elon being ousted as CEO as material at this point
Context is everything man and that was an overly dramatic post dude. And gifts... c'mon now.There is absolutely nothing even the remotest bit funny in what you showed. Without knowing anything about Ross Gerber other than what some of you have mentioned from time to time, for a person of Mr Musk's stature thus to misuse his intellect, his experience and his abilities, all the more so after having been gifted hundreds of billions of dollars worth of shares by TSLA investors - words fail even me. How many times has this community known me to be at a loss for words?
This is a nonsense response from Elon - completely ignoring the much larger fall in TSLA vs other big cap & the SPY (made even more outsized a disparity given TSLA vastly better financial metrics)
Where is this tweet or video? Where did Chamath say this?Chama
Chamath indicated the last sale was result of a margin call... and Elon tweeted/advised to avoid margin.