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According to Forbes article published yesterday, VP of Tesla's Chinese Operations indicated to a reporter that the rate of incoming reservations in China is highest in the world. This presumably pins this rate to more than 400 Model S per week (the assumed average rate in US)! Will market pay attention?
What's It Like To Buy A Tesla In China? - Forbes
What's It Like To Buy A Tesla In China? - Forbes
chickensevil
Active Member
This goes along with what has been reported in the Chinese thread. So having this news finally break in the US will certainly help rally the stock I am sure.
China Market situation and outlook - Page 2
The reporter missed the significance of that statement. He talks about what a missed opportunity Tesla not showing the Model S at the Beijing auto show will be. Tesla was production constrained before they started shipping to China. If China truly is reservering cars at a rate higher than the US it would be a waste of resources to show the Model S at the auto show since as Elon alluded to they will not be able to meet demand in China.
Ha, good point. I am wondering what could happen if shorts will continue to pile on based on diminishing demand nonsense... Sooner or later this thing will explode in their face.
Possible old news, but screenshots is out of firmware 5.9 with "Smart Air Suspension" enabled (adjustable auto height <-> speed): Firmware 5.9 - Page 2
FredTMC
Model S VIN #4925
Thx Curt. It seems tesla may be quickly turning this state-by-state battle around. Batt factory leverage certainly helps. It's great that NJ is the new hot-button state since they've been getting so much bad press lately with their governer. This flap really helps raise tesla awareness and branding. Thank you New Jersey...
We may hear about Chinese reservations from Elon very soon. According to Want China Times he is planning to visit China at the end of March. If this is true, it would be a very appropriate time and place to talk about the elephant in the room - reservations in China.
Despite rising criticism, Musk is happy to see the increasing orders from China and plans to visit the nation for the first time at the end of March, the paper said.
Tesla Motors finds fans in China despite criticism｜Companies｜Business｜WantChinaTimes.com
The Blue Owl
Endangerous Herbivore
I've been watching this synchronicity between TSLA and the market for a while now, and it's quite interesting how strong the correlation is on no-news days. Today was another such day, so TSLA waltzed with NASDAQ once again.
I guess this lends support for TSLAopt's observation on another thread that most of the run-of-the-mill trading is done by bots.
I guess this lends support for TSLAopt's observation on another thread that most of the run-of-the-mill trading is done by bots.
Short interest as of 3/14/14 (settled date) was published today (Tesla Motors, Inc. (TSLA) Short Interest - NASDAQ.com). Since it takes 3 business days to settle, the 3/14/14 settled date is reflective of short interest as the end of trading on 3/11/14.
So as of 3/11/14, 28.66m out of 84.15m shares of the float were short OR 34.0% of the float was short.
So as of 3/11/14, 28.66m out of 84.15m shares of the float were short OR 34.0% of the float was short.
| Settlement Date | Short Interest | Avg Daily Share Volume | Days To Cover | Stock price (3 days before settlement date) |
|---|---|---|---|---|
| 3/14/2014 | 28,660,129 | 8,391,269 | 3.415470 | 234.41 |
| 2/28/2014 | 31,295,800 | 16,678,472 | 1.876419 | 248.00 |
| 2/14/2014 | 28,923,212 | 7,684,592 | 3.763793 | 196.62 |
| 1/31/2014 | 29,639,877 | 8,094,761 | 3.661612 | 178.38 |
| 1/15/2014 | 31,312,745 | 9,460,222 | 3.309938 | 145.72 |
| 12/31/2013 | 31,648,868 | 7,752,710 | 4.082297 | 155.50 |
| 12/13/2013 | 30,343,842 | 11,309,668 | 2.683000 | 142.19 |
| 11/29/2013 | 29,155,653 | 14,276,160 | 2.042262 | 120.84 |
| 11/15/2013 | 25,390,455 | 16,974,121 | 1.495833 | 137.80 |
I've been following this form now for about 3 years and I'm not really sure how to use the information about the short interest. I don't feel like I've ever seen much of a short squeeze or at least nothing that seems to fit the prototypical definition of a temporarily vastly inflated price.
It's sort of academically interesting to see how prevalent the bear feeling is, but what does the short interest do as far as guiding your investment? Specifically short term investment given the name of this thread?
Higher short interest implies that the shorts will have to cover at some point if the stock rises high enough and that puts additional upward pressure during such times of upward movement.
Recently TSLA went from $120 to $250 and short interest remained basically the same, meaning that price rise wasn't the result of the cumulative short interest declining but rather from pressure of new buyers (not short covering) coming in. As long as short interest remains high in TSLA there's the fuel for rapid price increases in cases of strong positive catalyst. It's more complicated than this as shorts could also cover during a quiet, consolidation period.
Yes, and just as the short interest declined from 31.3mm to 28.7mm shares when the stock price went from 250s down to 230 just shows that the drop over those two weeks may have been much harsher if it wasn't for 2.5mm short shares being covered during that two week drop.
If I recall, the short interest was 40% back when TSLA was in the 30's, so it doesn't seem like it's ever moved all that much. I guess that's why I'm unsure what the value is in knowing the short interest. The theory seems to be that it'd really emphasize a positive stock event over a fairly short duration, but if it was going to have that sort of impact wouldn't we have seen it at some point in the 15 months or so during TSLA's big rise? Seems like the rise and falls, though big, have been over long enough periods of time that the impact of the short interest would have been minimal.
Not trying to argue with anyone, just trying to understand. I've heard repeatedly how some catalyst will be a big deal and we'll see shorts covering, but as you noted the short interest has been fairly steady so even if some are covering it doesn't appear to have much overall impact.
84.15M is the number of shares in the float (shares not held by insiders). Total shares outstanding (public float and insider holdings) is 122.59M. (ps., I'm using TSLA Stock Price Today - Tesla Motors Inc. Stock Quote - WSJ.com for the figures.)
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