I strongly sense this is going to be one of thise days I can't keep up with all the comments. $360 anyone?
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@VA,
nice seeing you on SA 10 minutes ago. Am i risking getting shot for my comments there?
Tesla aims to expand store base in New York - Tesla Motors (NASDAQ:TSLA) | Seeking Alpha
There are $2.3 billion in 2019 and 2021 convertible notes with a conversion price of $359.87 which sets up as an arbitrage play for share prices above that level.
ValueAnalyst
Closed
Haha nice running into you as well! What are the chances...
Have you also noticed the insane surge in bear FUD on SA in the last couple of weeks?
The negative comments and the "cross-liking" of each other's comments have reached Alien Dreadnought levels.
they do a ROFWSIG and curse me, a lot, when all i do is post $11 billion owed and cover the shorts and say another ATH, and delete my commentsHaha nice running into you as well! What are the chances...
Have you also noticed the insane surge in bear FUD on SA in the last couple of weeks?
The negative comments and the "cross-liking" of each other's comments have reached Alien Dreadnought levels.
Tuesday, June 6th, 2017 at 2:30PM PDT
http://ir.tesla.com/events.cfm
Starts at 2:30PM California, 5:30PM Eastern
Usually scheduled for an hour and they often go over 30 mins or so
ruralectric
Member
We are now in BMW market cap. territory. Expect new round of FUD. Don't wanna be Debbi Downer, just hadn't seen this mentioned
yet. Could slow things down for a while. Once M3 hits the streets though, there will be exactly one automobile sucking all the O2 out of the room, and it won't be because of no hydrocarbon burning... : )
yet. Could slow things down for a while. Once M3 hits the streets though, there will be exactly one automobile sucking all the O2 out of the room, and it won't be because of no hydrocarbon burning... : )
I don't see it likely, least not today. Super high GEX, lots of profit taking, bid support has been dropping all morning. I've converted most of my calls to spreads as of $354. (as I type, I see we just crossed back over $354... [edit- aaand new ATH. never gets old!])
I wonder if this is being over hyped by surprises people are expecting out of the shareholders meeting, and if there are no surprises, people will start selling..
DurandalAI
Member
For me, surprises at the shareholder meeting would be Model 3 delay, while no surprises means things are still on track. You would expect that one of the questions is going to be, "Is Model 3 still on track for a July production release?" I suspect that even if things are going swimmingly, the response will be a simple "Yes" versus anything optimistic, however anything less firm may produce some selling. I suspect that Tesla will be keeping their cards close all the way up until the final reveal/delivery event.
This a A LOT of volume being sustained through a steady grind higher. More the sign of big hands accumulating (or covering for that matter) than speculation. Barely 2 hours into the day and we've already surpassed the average "low water mark" of daily volume. I see 4.8m volume for today so far.
Some of these convertible note holders might already be doing arbitrage by selling covered calls above $360.
I too am enjoying today's rise in TSLA, I'm averaging up, which is a good thing, and another stock I'm in (AMD). Happy happy happy.
ValueAnalyst
Closed
In the 20 minutes it took me to walk from my office to home, my portfolio jumped by more than I ever made from my SeekingAlpha articles.
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