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Tesla to build Model 3 motors at Gigafactory
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Tesla CEO Elon Musk said the company will deliver its first Model 3 sedans this year, although many analysts believe the vehicle will not come into full production until 2018 or later.
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Tesla CEO Elon Musk said the company will deliver its first Model 3 sedans this year, although many analysts believe the vehicle will not come into full production until 2018 or later.
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racer26
Active Member
Short Tesla Motors Inc? Ivanhoe Mines Ltd CEO Robert Friedland and the Coming Cobalt Cliff - Midas Letter | Canadian and U.S. Business News, Investing, and Commentary
This seems untrustworthy to me. Yes, Tesla is the *only* one building a factory of the scale of the gigafactory.
Cobalt *is* the most problematic raw material Tesla needs to source, but I just can't imagine Tesla having that much problem with it when they're the #1 consumer.
Also, their assertion that LG is the #1 Li battery manufacturer, with SamsungSDI and Panasonic 2nd and 3rd is demonstrably false. Panasonic is #1, by a factor of 3, over BYD and LG, with SamsungSDI a distant 5th, at 1/9th of Panasonic's capacity.
Top EV Battery Producers (2015 vs 2014 Top 10 List)
This seems untrustworthy to me. Yes, Tesla is the *only* one building a factory of the scale of the gigafactory.
Cobalt *is* the most problematic raw material Tesla needs to source, but I just can't imagine Tesla having that much problem with it when they're the #1 consumer.
Also, their assertion that LG is the #1 Li battery manufacturer, with SamsungSDI and Panasonic 2nd and 3rd is demonstrably false. Panasonic is #1, by a factor of 3, over BYD and LG, with SamsungSDI a distant 5th, at 1/9th of Panasonic's capacity.
Top EV Battery Producers (2015 vs 2014 Top 10 List)
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MartinAustin
Active Member
MartinAustin
Active Member
Yes, and they spelled out their completely revolutionary way of acquiring raw materials to build packs - negotiating directly with mines, not going to the commodities markets - literally years ago. I think Tesla has already sewn up this issue way ahead of the "will Lithium supplies dry up?" articles in the press, and it simply won't be a problem as the ramp-up goes into 2018 - even with Elon's revelation that GF1 may produce triple the GWh they'd originally planned. Will take the skeptics a long time to realise it though.
racer26
Active Member
Well. Called a NFLX beat. Won't really know if it drags tech sector up until tomorrow.I think you called it correctly
I grew pretty thick skin over the last couple years so I just do what needs to be done and move on. "Optimize the exit" pretty much was setting a limit sell and waiting for it to catch on. I already have written those off a while ago so getting a bit back was a nice surprise.
DragonWatch
Small FootPrint
I look forward to driving my MX between the ICE cars lined up at the newly remodeld Costco gas stations. Good things come to those that wait The target month is August 2017
Still saving and collecting aluminum cans:-(
The target month is August 2017Still saving and collecting aluminum cans:-(
I drew the channel (blue lines) on this daily TSLA chart almost 2 weeks ago. Obviously there is some variability in how people go about doing this but it is quite satisfying to see the upper bollinger band , and 8-day SMA conform more closely to this channel as time progresses. Certainly brings home to me the saying 'trend is your friend'.
CyberDutchie
Active Member
Morgan Stanley Adam Jonas upgrade bodes well for tomorrow's open
Upgrading to OW on Shorter Delay on Model 3, PT to $305
We are upgrading Tesla to OW from EW and raising our price target to $305 from $242. Drivers include less cautious Model 3 volume, an acceleration in our EV market assumptions, reduced efforts by tech firms manufacturing cars and a surprisingly supportive political environment
Upgrading to OW on Shorter Delay on Model 3, PT to $305
We are upgrading Tesla to OW from EW and raising our price target to $305 from $242. Drivers include less cautious Model 3 volume, an acceleration in our EV market assumptions, reduced efforts by tech firms manufacturing cars and a surprisingly supportive political environment
Mike Smith
Active Member
Jonathan Hewitt
Active Member
If the share price actually opens ~$245, which is where it is premarket right now, then every short is underwater that has shorted any time since April 29th 2016 when the stock had a high of $248. This does not prevent them from hanging on but that is a LOT of shorts underwater and starting to feel pain with a lot of unknowns coming up this year that might not be in their favor. Many of them will tell themselves "I'll cover here and reshort when it's higher."
This does not prevent new shorts from coming in, in fact I expect it. IF enough bulls buy in and enough old shorts cover these new shorts will become quickly underwater, also.
Another dynamic not in our favor is that any bull who bought in above $245 may be looking to sell now that they are back at breakeven. However, if they've been holding on since April or longer they will probably continue to hold. If they were the type to sell at this point most of them probably already sold at a loss.
This does not prevent new shorts from coming in, in fact I expect it. IF enough bulls buy in and enough old shorts cover these new shorts will become quickly underwater, also.
Another dynamic not in our favor is that any bull who bought in above $245 may be looking to sell now that they are back at breakeven. However, if they've been holding on since April or longer they will probably continue to hold. If they were the type to sell at this point most of them probably already sold at a loss.
Panasonic officially declaring that they are very much interested in cooperation with Tesla on sensors for self-driving technology can't hurt either.
It is very unwise to be short TSLA. It would be interesting to watch how many short positions will be covered today...
It is very unwise to be short TSLA. It would be interesting to watch how many short positions will be covered today...
I think this break above $240 is significant - I pointed out a few weeks ago that there are momentum traders tweeting that a break above $240 would have them back in $TSLA - assuming it holds during regular trading hours.
Additionally, the always wished for "short squeeze" has a much better chance of coming to fruition as the stock approaches all time highs. The short interest in $TSLA is very high relative to shares outstanding. Any type of sharp upward move as the stock approaches ATHs may cascade in to some large short covering volume (as opposed to a slow upward movement wherein short positions can be unwound in a more orderly fashion).
Interesting times indeed.
Mike
Additionally, the always wished for "short squeeze" has a much better chance of coming to fruition as the stock approaches all time highs. The short interest in $TSLA is very high relative to shares outstanding. Any type of sharp upward move as the stock approaches ATHs may cascade in to some large short covering volume (as opposed to a slow upward movement wherein short positions can be unwound in a more orderly fashion).
Interesting times indeed.
Mike
Mike Smith
Active Member
But there was no rumor for the news to be sold upon. Adam Jonas just upgraded TSLA and the shorts are rightfully wetting themselves. Up 10 dollars now.
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