Is that based on new information from today's conference?
They did another update May 12, that would have included anything gleaned from the ER.
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Is that based on new information from today's conference?
They did another update May 12, that would have included anything gleaned from the ER.
In a growth company like Tesla, they are deferring earnings in the near term in favor of investing in growth which will pay off in spades in the future.
Earnings estimates for the year are going down because of this 'reckless' growth, but notice that none of the analysts are downgrading the stock?
If anything I would suspect some analysts may soon raise price targets based on their 5 year DCF models....or they may wait another quarter or two of numbers from Tesla first (not earnings numbers, but revenue growth and gross margins and to make sure things are on track still for the GigaFactory)
This his is a once in a lifetime growth stock unfolding here before our eyes.
No, it was said in the ER. They guided to going back to cash flow break even. I'm having trouble finding that in a transcript though.
I don't think Curt meant you needed to post it here to get the word out
(I kid, I kid!) *ducks back behind a wall*
Well Excuuuuuuuse, Me. (I kid, I kid!).
Personally I hope that Tesla's earnings are close to zero for the next decade. TM needs to invest billions in factories, customer infrastructure, and Superchargers, so if retained earnings are significantly positive for more than a quarter or two, something's wrong.
chickensevil
Active Member
This is instantly what I imagined
Robert: I agree. I don't know why people get all happy for positive earnings that are crazy high... shouldn't they be sticking money back into the company to grow it?
Think it's at the very end of the shareholder letter. I think they even said cash flow would be mildly negative for the full year.
This is what I call strength. All averages are headed down and TSLA is staying put on no news.
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Also, FB, NFLX, and AMZN are all down. In my mind if this sticks for the day people with May 30 calls @200 will end up in the money soon.
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Of course full disclosure I also said I was super bullish and we'd be at 350 by the end of August. Could still happen, but I think that is fairly unlikely at this point. But, of course, I am almost always wrong with predictions or at least wrong half the time.
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Also, FB, NFLX, and AMZN are all down. In my mind if this sticks for the day people with May 30 calls @200 will end up in the money soon.
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Of course full disclosure I also said I was super bullish and we'd be at 350 by the end of August. Could still happen, but I think that is fairly unlikely at this point. But, of course, I am almost always wrong with predictions or at least wrong half the time.
It's still a little early to call it. We saw the same thing yesterday, but had a weird spike in the middle of the day to bring us back up.
The Blue Owl
Endangerous Herbivore
Institutional ownership of TSLA as displayed by Google Finance changed from 60% the other day to 69% today. Quite a drastic change.
Does anyone know where Google gets this information from? Is there a primary source for the institutional ownership of a stock, like there is for the short interest, for example?
Does anyone know where Google gets this information from? Is there a primary source for the institutional ownership of a stock, like there is for the short interest, for example?
hockeythug
Active Member
The Blue Owl
Endangerous Herbivore
Thanks, guys.
This is interesting. Overall, institutional investors saw a net inflow of 14m shares, out of which 10.5m were increases of existing positions, while 3.5m were new positions. Positions being liquidated accounted for less than 1m shares.
CNBC keeps repeating how investors "are moving out" of momentum stocks, including Tesla, glossing over the fact that every sell is matched by a buy. What in fact happened was that retail investors handed 14m shares over to institutions at low prices. This lends some credence to the theory that all the negative coverage after the ER was a concerted talking down of the stock, in order to get it on-the-cheap from the weak longs.
Nasdaq doesn't show how this percentage evolved over time, but I don't remember ever seeing it this high, at 69%. Who have been the informed traders lately? I'm betting on the buyers.
This is interesting. Overall, institutional investors saw a net inflow of 14m shares, out of which 10.5m were increases of existing positions, while 3.5m were new positions. Positions being liquidated accounted for less than 1m shares.
CNBC keeps repeating how investors "are moving out" of momentum stocks, including Tesla, glossing over the fact that every sell is matched by a buy. What in fact happened was that retail investors handed 14m shares over to institutions at low prices. This lends some credence to the theory that all the negative coverage after the ER was a concerted talking down of the stock, in order to get it on-the-cheap from the weak longs.
Nasdaq doesn't show how this percentage evolved over time, but I don't remember ever seeing it this high, at 69%. Who have been the informed traders lately? I'm betting on the buyers.
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LOL, I remember seeing it at 69% when I bought my first position at $40. Hopefully history will repeat itself
The Blue Owl
Endangerous Herbivore
Actually, I see now that Nasdaq lists it at 67% (I don't know where Google's number comes from.)LOL, I remember seeing it at 69% when I bought my first position at $40. Hopefully history will repeat itself
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