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…Well, guess I'm rolling my 190CCs for Friday....![]()
… and now I’ve been wrong again!190 CCs for Feb 9, 2024 are probably safe. NFA and have been wrong before.
QQQ toward end of 2020 was ~$200 and toward the end of 2022 was ~$400. Is ~$440 more than two years later that impressive?TSLA has underperformed significantly when you compare it to indices. Over a 12 month period
QQQ 43.5%
NASDAQ 34.26%
SPY 22.05%
TSLA -3.84%
NVDA ......
Let that sink in.
I gave a disagreeAgree. There are some stupid institutional traders buying in too. One trader in CNBC said, "Elon delivered a great Earnings Call and i bought in".
Lack of bad news. These actors could push TSLA up. Lack of volume suggests TSLA MMs are largely absent.
More price cuts to start the next trading week on. They're small price cuts but you know how the narrative will go. If macro's stagnate or drop, wouldn't be surprised to see TSLA hit hard back down into the mid 180's.
TSLA and macro's in general need that CPI print Tuesday to come in ice cold to keep this rally going. And when I say rally, I'm mostly talking macro's and very lightly applying that to TSLA's rally from 180 to 193![]()
I would rather Tesla offering financial assistance via rate buy down (financing via Tesla) than lowering prices.I agree with others, more price cuts both USA and China are coming.. EU has already sorta done that, but they could still cut more. Automotive delinquencies are quite high and RISING, which at least for one industry is never good. We won’t see any real lending rate cuts for ~ 3-4 months IMO, so unless auto companies start buying down more of the financing - which is a CUT, they won’t move as much product. Other domestic OEM are already doing this. We could also be heading into even MORE contentious discussions of Tax credits which wouldn’t help.
Def better than cutting price and often shows up in marketing expense (which we are not used to with TSLA) or F&I OPEX.I would rather Tesla offering financial assistance via rate buy down (financing via Tesla) than lowering prices.
Agree. Why do you think they are not doing this?Def better than cutting price and often shows up in marketing expense (which we are not used to with TSLA) or F&I OPEX.
With 20B+ cash on hand, Tesla could buy down financing by 100-125 bps from their treasury, and break even relative to earning 5%, and paying 22% corp tax on the interest income.
This move helps in the area of margin…the way this financing expense is captured.Def better than cutting price and often shows up in marketing expense (which we are not used to with TSLA) or F&I OPEX.
With 20B+ cash on hand, Tesla could buy down financing by 100-125 bps from their treasury, and break even relative to earning 5%, and paying 22% corp tax on the interest income.
Certainly seems to be a disconnect from reality on US inflation, and even if the 3.5% is correct, having rates nearly +2% over that makes no sense eitherCPI will print and we rocket to the moon next week.
I said it 1st. But dont shoot the dog if Im wrong![]()
accdg to my automated scans, u will like SMCI 40-wide 7Δ (13% p-OTM, 20% c-OTM)Would also love to know of other stocks that have nice premiums on a $30 wide spread, and have good volume....
Certainly seems to be a disconnect from reality on US inflation, and even if the 3.5% is correct, having rates nearly +2% over that makes no sense either
View attachment 1017333
Damned if you do, damned if you don’t; Elon was forced to follow through with the purchase of Twitter.BREAKING: Elon Musk Must Testify in SEC Twitter Probe, Court Rules
(Bloomberg) -- A federal court in California is enforcing a subpoena for Elon Musk to testify before the US Securities and Exchange Commission regarding potential violations of federal securities laws in connection with his purchase of Twitter.
The court ruled the evidence gathered is relevant and material to the SEC’s investigation and the testimony required of Musk is not unduly burdensome, a court filing Friday said. The two parties were ordered to meet within one week and decide on a date and location for the testimony.
Musk had testified before the SEC twice in half-day sessions on July of 2022. But the agency, having since received “thousands of new documents” from various parties, including some authored by Musk, wants to ask him about new information. Musk’s counsel agreed with the SEC to testify last September before requesting to postpone the meeting by one day and later refusing to appear, according to Friday’s filing.
The SEC is seeking information about Musk’s purchases of Twitter stock ahead of the company’s acquisition.
The Tesla CEO and co-founder, whose purchase of Twitter, now known as X, concluded in October of 2022, refutes the grounds for the SEC’s investigation, calling it baseless and claiming it seeks irrelevant information, court filings say.
Musk also contends the subpoena exceeds the SEC’s authority because it was issued by an SEC staffer appointed by the agency’s director of enforcement, not by an officer appointed by the president, a court or the head of a federal department. The court denied this on Friday, saying the subpoena is authorized by the Exchange Act.
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https://www.bloomberg.com/news/arti...must-testify-in-sec-twitter-probe-court-rules