About the dumbest thing I've ever read
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
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Knightshade
Well-Known Member
You're leaving out a ton of important context.
The most important being that we're not talking about the situation/dynamics today...because the Model 2 isn't out today. It won't be out in 2024. It won't even start production until 2nd half of 2025 and that's if there's no delays. Mass production of the Model 2 wouldn't happen until 1st half of 2026...2026
A lot is going to change between now and 1st half of 2026. We're not quite sure what the hold up is for FSD in China but there's no regulation on FSD not being operational over there since Chinese car companies have far less capable version of FSD out there today. The regulation in Europe is around "Supervised" FSD, Level 2 systems. Not fully autonomous, Level 5 systems. Tesla's FSD will likely lead the way to regulation for actual Level 5 systems there.
Anyways it doesn't even matter because Elon's already tweeted that it's not true. But for the sake of debate, there are very real reason why Tesla would go the route of cancelling the consumer version of the Model 2
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What’s slightly more interesting though is that this move down started at 08:00 PST, and the Reuters article hit ~ 22 minutes ago closer to 08:30. I’m not at a BBT, is anyone, can you see the time stamp?
Update: I guess some outlets were already reporting at 08:07 PST.
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I'm SURE that nobody made any money when the story came out, because nobody knew when the story was going to be released....
EVNow
Well-Known Member
The burden of proof is upon you - I can't prove a negative.
Lots of piling on shorts minutes before Elon's tweet are hurting now
Except the Rueters has a history of doing this. I've been saying Tesla should be building a case against Reuters for years, they have plenty of data/evidence at this point.
Reuters can only claim ignorance so many times.
EVNow
Well-Known Member
SP doesn't care about patterns - big news always tramples over carefully drawn lines/patterns.
EVNow
Well-Known Member
Thats not proof. Reuters has also produced a million pieces of news that turn out to be correct. Tesla also has a history of saying something is wrong but it happens (like price cuts later, in China).
If 160 holds all the way through earnings and that turns out to be the bottom...man that was defended hard by investors.
Disaster earnings, huge rumor (that was fake). If it holds, that a truly hard tested bottom lol
Disaster earnings, huge rumor (that was fake). If it holds, that a truly hard tested bottom lol
SpeedyEddy
Active Member
closed for 94% gains - just incase there are more antics
thanks FUDRueters
I guess no one expected a correction from Elon
At $161 I was hovering over the sell button on my longs if we broke $160 and was actually thinking “we are just one tweet away of a denial from reversing” and glad I held off. Sometimes we get lucky ;- )
Also glad I BTC down there several tranches of covered short calls for nice gains. I plan to STO them again at next pop.
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