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You've got a great point; the vast majority of the decline is behind us.

I've been thinking that happy as this story has been, I don't have anything yet approaching the kudos you'd get by buying Amazon before the dotcom crash, holding it through an 80% drawdown and then holding them until they became among the biggest in the world. I wore out my capacity for getting...

Quite worried at the possibilities of how the Twitter pullout may play itself out in the Delaware courts. Ideal case, there's a negotiated breakup fee in the billion-dollar range and everyone just pretends the whole thing was a bad dream. That would be about as good as we can expect; the Twitter...

I think the market is reacting to the fact that Musk has stated he is worried about Tesla's finances. Everyone figures they're in a super strong position, and then the CEO pops his head up and implies things are in dire straits. I wouldn't immediately think this is a big worry if you're focused...

The good news is that the panic is growing, this has historically been correlated with bottoming out. I do think Musk should just drop this whole Twitter debacle. It's an unnecessary distraction. And a ridiculously expensive one now too, with a >30% premium.

I'm not seeing any widespread panic here yet. When we have bottomed out previously, it's generally been in a forum-wide haze of terror.

Has there been any organized discussion on Musk's motivations for reducing his stake? I think most of the current price drop is due to investor worries that Musk sells due to an expectation that the stock price will fall. If this was Musk's motivation, he has by now manufactured a narrative...

Wish we could get a line to Elon and just have him instruct the teams to insert a menu option to make the cruise control dumb. For my use cases, it's unusable. It will brake unnecessarily every 2 minutes or so on the (new! built in 2020) 4-lane highway I use most often, and cause either...

Yep, you're right, and I haven't tried adjusting the settings yet. Some of them I was a little nervous about, since I'm not 100% confident on the implications based on the descriptions that are immediately apparent. Since, you know, if someone falls asleep heading towards a brick wall or floors...

Good to hear you don't have the problem. And sort of sad that the reason you don't have the problem is that this version of the software doesn't run on your car. It's not a good thing to receive an upgrade that makes your vehicle worse. I'm as big a fan of Tesla as any, been following the...

I sense a certain annoyance in your response. Does TACC happen to be unreliable over in the beautiful forests of Finland as well? :D

Hi folks. Driving a 2019 Model 3 in Norway. Cruise control is largely unusable to me. Is it possible to change the settings such that the traffic-aware cruise control just governs the speed and uses no "safety" features? I am getting both unexpected slowdowns and have experienced phantom braking...

Anyone had a look at Archer yet? Californian electric aircraft business. It's a space I've been giving some low-key attention for a few years. It seems to me a no-brainer at some point. My biggest immediate question is how exposed to competition the field is; how much a tech advantage can...

No, just reasoning and a bit of healthy cynicism :D Margin can be super dangerous, it's not something one should use without thinking through the potential consequences first. Maybe they summarized it nicely in that podcast, I don't have the 90 minutes to check it out :) I mean, I even know...

Not a fan of the idea of borrowing against shares IMHO, especially in a crazy-volatile stock such as Tesla. You're taking on enough risk just by owning it. Amazon, for instance, fell more than 90% from its top in late 1999, before growing to the unstoppable behemoth it is today, 20 years later...

Interesting thoughts. Hope you get your book finished, looking forward to read it :)

I wish there was a thriving secondary marketplace for stock in pre-IPO companies, where a "non-accredited" investors could participate. And without a lot of paperwork and lawyers. I think we're moving further and further away from a world where regular folks can buy stock in a small-ish public...

No regrets or sickening feeling here, given that I'm in the group you're referring to. Can't speak for anyone else, but rebalancing into other income-generating assets can be a perfectly rational decision even when bullish. It's a game of probabilities, and not everyone has the highest possible...

Wow. You're using one of the off-exchange second market providers, and getting directly on the cap table? Or have you managed to make a clever agreement to be part of a funding round? Curious how you've managed. Kudos, regardless :) ~~~LAST post on this topic. New members can expect some...

Wow, I almost can't believe it. I think it was in 2015 that I first mentally accepted that there was a small likelihood (personal guess: 10%) that Tesla could, in a decade or a bit longer, be one of the biggest companies in the world by market cap. And here we are, just five short years later...

I've heard multiple folks who reached a point where they can spend their time and attention freely, say similar things. Looking forward to try it out myself at some point. It's a very foreign concept when you've only ever had breaks of holiday length for your whole life, and had a somewhat...

Man. I still get called by the odd recruiter once in a while. One called today, and the first thought on my mind was "well, at the current rate, I'm honestly not sure that I could be bothered to take any regular paid job a year or two from now". I managed to keep a straight face - thankfully not...

I struggle to see how most established automakers will be able to compete long-term, if/when this pans out. Could they pivot to something that can only be done with combustion engines? I don't see any obvious candidates for that kind of business, though.

Personally, I'd go for vanity plates with THXELON or similar ;) Would unfortunately be very much frowned upon in my culture, but I'm sure some of you Americans could get away with it! :D

Congrats everyone. What a summer!!

I haven't followed the grittiest details of research on the S&P500 committee -- is it plausible that the index funds have been informed of a decision to include Tesla in the index at this point, or are we certain that the decision is still to be made?

Maybe with a bit of luck it'll do it a few more times in September :D

I wouldn't be entirely surprised if the current trade war/financial cold war moves made by the US administration will eventually have consequences for Tesla's operations in China. This has been on my mind for a few months, but the latest step of forcing Tencent to divest moves it a step closer...

Enjoy the show and reap the rewards! Then, if you're feeling empty and restless afterwards, keep a curious mind and see if you can sniff out the next once-in-a-lifetime event :D They're more common than you'd think!

What you're pointing out here is the heart of the disagreement we had a few days back, and I feel it's a point that's worth emphasizing further. Money has different "utility values" at different points in life, and this is also affected by personal preferences. For someone who e.g. considers...

Holy crap. What a day during an already spectacular month!! Congratulations to all :D Wonder if this, S&P inclusion and all, will amount to much more of a short squeeze or technical appreciation than what we've seen already. If we'll jump ahead to "tech behemoth" valuations a few years ahead of...

I agree. Freedom to spend you time as you wish is just one of the first rungs on the ladder of (economic) wealth. It's an important rung, although its perceived importance varies a lot between people. After comes expensive toys or hobbies, a fortune size that provides unreasonable power to help...

I'm thinking battery-powered, heavily automated personal aircraft of the type you can't make unless you're the world's leading battery pack manufacturer, or batteries somehow get so light and cheap it's obvious. It's a market that doesn't exist yet. But once the battery tech gets there, it has...

I pulled the trigger on my move. So for the time being, only 25% of my net worth is in TSLA :D Hoping to see that number climb back up to wealth manager heart attack inducing levels in the months and years to come, and to have no regrets when that happens. Thanks for your input, guys. It's nice...

Thanks for your thoughts. Strictly speaking, I'd still be along with the ride, and in the scenario you describe, I'd still be wealthy far beyond what I'd ever expect to need. The question is whether the regret of losing out on 50% of that potential wealth weighs heavier than security today. In...

I'm considering to reduce my TSLA holdings down from the current 50% to 25% of the amount I initially purchased many years ago. My expectation is still that Tesla will become one of the world's dominant technology companies and retain that position for decades. My initial investment thesis from...

You're arguing a point I didn't make. If Tesla has an arguably feature complete FSD system at level 2 autonomy by the end of the year, I'll be happy and slightly, but not super, surprised. If Tesla releases a Level 5 autonomous driving system by the end of the year, I'll go ecstatic. And then...

Musk's rhetoric on FSD is a bit dishonest, TBH. Level 5 autonomy is very specific regarding that there will never, or practically never, be necessary to intervene. So saying "feature complete for level 5 autonomy" is a bit of an oxymoron if you're willing to give the benefit of the doubt, or a...

Absolutely no idea. Just to offer the information I can contribute with: Model S, 3, and X are everywhere in Norway; you'll see multiple every time you go driving in a major city. There is still plenty of room to grow, but I'd expect the growth curve here to be flatter from now on, excluding new...

Cool! That's what happens when you are (in principle) able to sell the stock at a profit afterwards, right? Stands to reason that this is something to celebrate. Only problem is, I've been told you may have to pay taxes afterwards.

Let's go for 1420 in AH trading. Would be a nice way to round off the evening.

If significant part of the short volume is still betting on a downward direction and not just hedging, a lot of them must be closing out right now. The risk of being caught on the bad side of S&P500 institutional buying is just too big, regardless of their opinion on a long-term move. Plus...

I think my own conclusion, in those circumstances, would be very similar. In fact, I don't think I could be bothered to "even" (massive sarcasm quotes) go to the step of starting and running my own company. Well, who knows. Maybe inspiration will hit someday. I could certainly see being in a...

My philosophy: Focus on expected quality of life. If your natural drive pushes you towards ambitious projects, go for it. But money, beyond the necessary amount, is largely a proxy of society's appreciation of one's contributions. Doing what society expects or desires is not the best path to...

Wonder if this runup will finally flush most of the shorts for good. Barring catastrophe, it has to happen someday. The latent buying pressure from the shorts has been on my mind for years, it can't stay there forever.

Good work, interesting to see this list. Just a note -- Norges Bank probably refers to NBIM, Norges Bank Investment Management. So they're not really a bank; the word "bank" just refers to the fact that they represent the Norwegian central bank. This is the so-called Oil Fund, the Norwegian...

I have a contrarian opinion, which I should probably voice out loud: Cathy Wood triggers my bullshit alarm. I obviously agree with her regarding Tesla's long-term prospects. But regarding Ark's other investments, there's too much hand-waving and buzzwords that aren't anchored to a solid line of...

Yes, you are right. I tried to make this distinction clear by saying arbitrary and not random. The sample is self-selected and then screened for symptoms. It is not a random sampling. I could probably have worded myself better, but didn't want to go off on a tangent in my reasoning. There is...

Dunno if this was posted already (article in Norwegian), but Iceland is now testing a sampling of asymptomatic, arbitrary people in Reykjavik. Approximately 1% of the tests have come back positive. 52 of 6163. Island tester tusenvis av helt friske personer – nå skal Norge følge etter Iceland's...

Huh. This rocket-like rise baffles me. Have people realized a growth company is a better place to be in a crisis that affects revenues, or what? Any ideas? I actually bought back most of my hedge-sold shares on Monday, so I couldn't have timed it better, but I wasn't expecting this and it's...