Recent content by Patrick66

So the explanation from Tesla is that until we hit 12.4 we are unlikely to see significant improvement in "accuracy." I know I can drive without disengagements now... but how many cringes do you have in those 12 days? Personally I think FSD is about where autopilot should have been a while...

Your concerns are valid, just watch the blinders. Anecdote: I am renting a RAV4 for a couple weeks for travel and I have no idea why anyone would buy one over a Y. With rebates comparable costs, but significant operating savings and quality improvements with the Tesla. This suggests to me that...

You want to ladder them out, so spread expirations over time (and strike). Break up your contracts into different lots of about 20% each, and never buy more than one lot in a 2-hour window. Sell the safest call first-- say a $190 for 5/3, and see where things go. You are trying to recover...

Personally I would buy to cover tomorrow. My thesis is that our floor for now is about $160; some suggest the floor might be a little lower, but only ~$5. I don't usually roll options, especially when you entered a trade with a thesis that has been proven incorrect. Selling for CCs $185-190...

When I can. Not getting sufficient premium to make it worthwhile. I need to reduce my share count over time.

I think there is a bit too much optimism in TSLA SP upside post ER. The floor has been lifted but that is about it. Getting back to $200 seems like a long slog to me. The fundamental lack of long-term buyers is still there. Seeing $200 is going to require execution and not just rehearsal.

Berlin seems to be quite stable. The battery line delays due to prioritizing Austin had a negative effect, but it hasn't t profitability before Austin. Flop seems too harsh, although its vision seems cloudy in retrospect. I am all for fiscal discipline and making decisions based on efficiency...

You could make a 3-door Model 3-ish car, about 12" narrower wheelbase, leveraging the existing design of the end structures of the Y; industrialization of the unique parts at about 16 months is viable. You have to be working on a pocket design though that has been sitting in a file. You need...

I don't think that is the lesson you want to learn; try to learn how much insurance you need. Insurance should never make you whole... or get you ahead. Insurance should be used to moderate your risk and not eliminate it. In life estimating our risk and exposure is hard; with stocks it is so...

Texas isn't really a huge "rule of law" state though (more Libertarian), and when it comes to corporate structure you really have the fundamental benefits of Delaware. If Tesla's lawyers were making a solid case for the change of residency it would be one thing... but the proposal sounds much...

On a fundamentals basis I doubt you will see $625, although you can get yourself to an effective price around there. Really depends on if you want to hold the stock or just leverage it. I'm trying to slowly accumulate with effective prices around $750. I would call what it has done a slow...

Neither is/was someone I would want to call a friend, but I do have plenty of second-hand Steve Jobs experience from way back. His actions were predictable, even if they were hurtful. He might have a vision, and his expectation was that people would support that vision, and he wanted smart...

At what price is Elon's personal line of credit at risk? I fear that is the point he starts getting a clue.

Well, I wasn't prepared for NVDA <$780. I can ride it out until earnings, but it sucks for now. For TSLA... the company really needs to work on messaging. Elon's compensation plan is one gross example of the company being out of sync on that message; it makes their market for selling cars and...

That is why we sometimes need to trim emotional positions... especially deep losses. Don't get me wrong; I have several stocks that I am down 90% or more that I don't bother selling, but I don't expect them to recover either.