That's an interesting idea, but it seems unlikely that Tesla doesn't already have an agreement with all the partners -- maybe not a definitive agreement, but at least agreements in principle.
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I read the letter. Doesn't appear to be a big deal at all. It would be nice if Mr. Kass pointed out what part he believes would have a material impact and how.
bareyb
Active Member
He just keeps losing credibility. He really needs to find another stock to pick on… This one is kicking his butt.
If there was a problem with q3, and q3 made the stock drop...does that mean we can have our 60 points or however many back?
At first I kinda felt bad for the guy, clearly he just was on the wrong side of the trade and let his ego get to him. We've all been there.
..Now though he's crossed the line. A respectable man would admit he was wrong, or at least remain quite if he was confident the stock wouldn't retain this level. Trying to stir up FUD just shows he's a real scumbag.
mershaw2001
I'm short the short sellers
Go doug kass go! Fight the good fight! I bought weekly call options when i heard he doubled down on a losing position. When he tripled down at 235, I LOL'd because I was reading his statement when the stock was at 259. He prob got some skid marks in his shorts today.
Tesla’s Tops $30 Billion as Morgan Stanley Boosts Outlook - SFGate
SEC Review
Separately, Tesla today posted a Dec. 30 filing answering questions from the U.S. Securities and Exchange Commission about the company’s method of accounting for residual values of its Model S cars, which had triggered a review.
Tesla in early 2013 announced a financing plan for the Model S backed by Wells Fargo & Co. and U.S. Bancorp, that guarantees a resale value “equal to 50 percent of the base purchase price” of the entry-level car, of about $70,000, and “43 percent of the original purchase price for all options” after 36 months, according to a Tesla agreement obtained by Bloomberg Industries at the time.
The SEC had asked Tesla to ensure that financial releases include results calculated using Generally Accepted Accounting Principles “with equal or greater prominence” to adjusted earnings figures.
“We will revise the formatting of our reconciliation of GAAP to non-GAAP financial information to avoid potential future confusion,” the company said in response. “We plan to reconcile net income (loss) and earnings (loss) per share first, and then, on a separate page, we will reconcile revenues, gross profit (loss), research and development expenses, and selling, general and administrative expenses.”
Calls to Jeff Evanson, Tesla’s head of investor relations, weren’t immediately returned.
SEC Review
Separately, Tesla today posted a Dec. 30 filing answering questions from the U.S. Securities and Exchange Commission about the company’s method of accounting for residual values of its Model S cars, which had triggered a review.
Tesla in early 2013 announced a financing plan for the Model S backed by Wells Fargo & Co. and U.S. Bancorp, that guarantees a resale value “equal to 50 percent of the base purchase price” of the entry-level car, of about $70,000, and “43 percent of the original purchase price for all options” after 36 months, according to a Tesla agreement obtained by Bloomberg Industries at the time.
The SEC had asked Tesla to ensure that financial releases include results calculated using Generally Accepted Accounting Principles “with equal or greater prominence” to adjusted earnings figures.
“We will revise the formatting of our reconciliation of GAAP to non-GAAP financial information to avoid potential future confusion,” the company said in response. “We plan to reconcile net income (loss) and earnings (loss) per share first, and then, on a separate page, we will reconcile revenues, gross profit (loss), research and development expenses, and selling, general and administrative expenses.”
Calls to Jeff Evanson, Tesla’s head of investor relations, weren’t immediately returned.
Gil Morales ex William O Neil Trader & Chris Karcher Today
| Virtue of Selfish Investing |
| BGU - TSLA 2/25/14 |
| TSLA is having another buyable gap up. TSLA is potentially similar to GM in 1915 with its revolutionary technology. Should it repeat GM's move, it will run to 700 or beyond from where it is currently trading. We have reported on TSLA a number of times. |
hockeythug
Active Member
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