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As I thought, Tesla needed to get rid of that DOE loan warrant overhang to allow them to get to GAAP profitability. Without that non-cash addition to their revenue, they would have had a $5M loss in Q1. And indeed, they are projecting a loss in Q2. Still, overall, nice results. The most important thing is that they guided car paid deliveries slightly more positive than before, so they must feel good about their sales pipeline. Personally, I don't know how they can project solid sales going forward as they have very little history to go by. But hey, Elon's smarter than I am, so there.
Just saw $72.18 in after-hours trading :scared:
If this sticks in the morning, I think we have ourselves a squeeze, gentlemen (and women) !
It's going to be worse in the morning. Much worse. This is going to be painful for shorts - more than it has already.
I will not be shocked if there is a squeeze into the $100.00 range by Friday.
Well, it is true that a huge amount of revenue came from ZEV credits. Much more than Petersen calculated, but right in line with CapOp's predictions (he predicted a minimum of $57 million and the total was $68 million).
The question is... what to do then ?
I am long TSLA, but I am sure many will take profit.
True, but as they state in the letter, they are not planning on them going forward, the gross margins don't depend on them, so why does it matter? They are gravy, but when they go away it will not materially affect the business.
I think they are killing it in the call. Every answer is making me more bullish.
Ok, i'm a bit of a novice when it comes to these types of things, but i do own a fair bit of TSLA... so could someone just tell me if we should expect it to continue climbing tomorrow, or if it'll likely settle down or drop a bit from todays after-hours? it just seems like WAY to fast of a jump to maintain throughout a day of trading (but like i said, i don't know much about it).
of course... one can never be sure, but what's the typical outcome from something like this?
Indeed, and I liked that Elon was talking about reducing the deposit since "they didn't need the cash".I just am so grateful that with a cash flow positive quarter we should never have to read again about how Tesla is "burning through cash."
Ok, i'm a bit of a novice when it comes to these types of things, but i do own a fair bit of TSLA... so could someone just tell me if we should expect it to continue climbing tomorrow, or if it'll likely settle down or drop a bit from todays after-hours? it just seems like WAY to fast of a jump to maintain throughout a day of trading (but like i said, i don't know much about it).
of course... one can never be sure, but what's the typical outcome from something like this?
Be strong, chant "I will not sell even a portion of my shares until 3 digits are achieved"
could someone just tell me if we should expect it to continue climbing tomorrow, or if it'll likely settle down or drop a bit from todays after-hours?
Nobody can tell you what is going to happen - if anyone could it would be the same as being able to print money. Even the best investors are nowhere near that level.
The best someone can do for you is to tell you how to trade depending on your beliefs and needs. Do you believe that Tesla has a strong chance be a great company in the long term and go all the way to become a leading force in the automotive market? Then you would be ill advised to sell your shares just because you are unsure of how they are going to trade the next couple of days.
Do you need the money soon, or just not interested in Tesla long term? Then you have to try to time your sales. Almost impossible to hit the peak. On approach can be to sell a part to lock in some profits and stay on for the ride with the rest to see how things develop. Really - short term trading/timing is really hard. Think about whether you think the next announcements will move the stock further (supercharger announcement and "under the nose" announcement coming up). Also, there could be some very strong upward movement if there is a short squeeze. You might keep some or all shares for that, and then try to sell going up or going down on that ride (again, you will not hit the peak, almost nobody does).
You might also keep this generic advice in mind: If you do not have a good story about why you are in a stock, you should probably get out of it.
Personally, I have a bedrock of shares that I've invested long term, and then a much smaller amount that I trade to take advantage of any insight I think I have. I am grossly overweight in the stock right now, and will take a tiny bit of profit (5% of my position or thereabouts). Most of the shares I am keeping for the next 5-10 years.
Nobody knows. But we do know that there are ~30.000.000 shorts that just lost $15/share, so that's roughly US$0.5B down the drain for the shorts. And some of these shorts will be forced to sell and that certainly won't drive the price down.
My guess: open at $70, up to $75 in early hours, close at $65. With such specific numbers you can be certain I'm wrong.
Lol - are you kidding? close at $65? With 30MM shorts? We are looking at $100+ a share by Friday.