2017 Investor Roundtable: TSLA Market Action

[Navin]

I did something a bit different 1- this is a bit on the exotic side and dont rec'd it to newbies -

earlier this am during the panic selling
I bought a bunch of next week exp bull call spreads - 315/320 - paid 4 bucks for each.. so long as tesla closes over 320 next week - the trade makes 25% - downside risk is that if tesla closes next frida < 315 I lose the 4 bucks - break even on the spread is price at 319.... I can also close the top leg if tesla goes down further (make a profit) and keep the long side of the trade which is what I will do since I don't mind owning shares at a strike price of 315...

so if: tesla > 320 next fri - make 25%
if Tesla < 315 - I close (buy to close) the short leg (320) at a profit and keep the long leg

 

[Cobbler]

Anyone that knows more about the rumour that a gigafactory will be built in Australia? Cheap desert land and lots of solar power and Asia nearby.
Or complete nonsense?

 

[geneclean55]

The picture was posted yesterday. 9.26
My guess is that a worker was pissed about speculation over the production line, and decided to forward this pic to a friend.
Naughty, naughty

Maybe this is the first car to come through the production line at high speed... no problems.
If so, they have 5 days to let her rip baby.

 

[ev-enthusiast]

I can not imagine a Tesla employee put this picture on imgur without confirmation from the company.

 

[geneclean55]

I can not imagine a Tesla employee put this picture on imgur without confirmation from the company.

Maybe. I would have thought Elon would want first crack at putting that on Instagram/Twitter though

 

[Richgoogol]

Damn..that dot has to be an 0..so they are already onto 9076th car already!!

 

[ev-enthusiast]

BTW any ideas what the code MN2-0360-LH02 shown in the picture could stand for?

 

[jelloslug]

I can not imagine a Tesla employee put this picture on imgur without confirmation from the company.

That's basically how Tesla advertises.

 

[Intl Professor]

BTW any ideas what the code MN2-0360-LH02 shown in the picture could stand for?

Location in the production line?

 

[esk8mw]

BTW any ideas what the code MN2-0360-LH02 shown in the picture could stand for?

MN = Minnesota

LH = left-hand drive car

????

Profit

 

[bdy0627]

When Tesla releases the delivery numbers, do they typically provide any commentary? Or does that wait until the Q3ER a few weeks later?

 

[geneclean55]

When Tesla releases the delivery numbers, do they typically provide any commentary? Or does that wait until the Q3ER a few weeks later?

Degree of commentary varies. They provide some level of explanation if guidance is missed.

 

[racer26]

When Tesla releases the delivery numbers, do they typically provide any commentary? Or does that wait until the Q3ER a few weeks later?

Look back at the past press releases about it. They're usually fairly short, but some include some color on what the numbers mean.

 

[neroden]

Reminder to all: big party in Australia tomorrow. If the recent drops have been due to 'no news', well, it's news time.

 

[racer26]

Reminder to all: big party in Australia tomorrow. If the recent drops have been due to 'no news', well, it's news time.

Correct me if I'm wrong, but is not "tomorrow" actually "tonight" US time?

 

[Mkorpal]

Reminder to all: big party in Australia tomorrow. If the recent drops have been due to 'no news', well, it's news time.

Do we actually expect anything of substance to come out of it?

 

[EinSV]

When Tesla releases the delivery numbers, do they typically provide any commentary? Or does that wait until the Q3ER a few weeks later?

I would be pretty surprised if the Q3 letter did not provide some color on the state of Model 3 deliveries/production and some form of updated forecast for Q4.

 

[Mike Smith]

We're the only ones who thought Tesla would come anywhere near to making 1500 Model 3's this quarter. Everyone else thinks that they didn't do enough testing and there will be horrible delays. If they say they're still anywhere close to being on track for 5k/wk by year end the stock will go way up in my opinion. I also think that after what happened last quarter the market is very concerned about MS/X demand and more production problems. A lot of investors got burned after the Q2 numbers. I don't think this is so much a bear attack as it is low expectations and high concerns.

 

[Krugerrand]

Darn you @vgrinshpun! Now you've done it.

Off with his head!

 

[Alketi]

Correct me if I'm wrong, but is not "tomorrow" actually "tonight" US time?

Yes, before the market opens. It's 6:30PM in Southern Australia on the 29th, which means ~5AM EST Friday morning.

Tesla is holding a ‘celebration’ event at its new giant Powerpack project on Sept 29