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There is still no reason in tesla being down 5 pct. I'm half considering staying up til open and buying weeklies if it stays this low counting on recovery through the day as people realize whatever is going on right now is bs
with 80.000 shares traded preparket only...to me this looks like an engineered drop from someone who wants to accumulate TSLA. Will be interesting to see how the market opens.
Baird analyst Ben Kallo reiterated an Outperform rating and $275 price target on Tesla Motors (NASDAQ: TSLA) following better-than-expected results, reaffirmed delivery guidance, clarity on Model X, information on timing of Model 3, and storage commentary.
Kallo commented, "Bears may focus on light Q2 guidance but this is TSLA controlling the tempo of deliveries. Additionally, we believe sentiment has shifted as investors are willing to look ahead to the storage market potential. We remain buyers at current levels and recommend holding the stock into the Model X launch."
Commenting further on the Model X, Kallo, said, "We should get more details in July and initial deliveries should start in September. We believe the launch of the vehicle will be a significant catalyst and help solidify TSLA’s brand in the automotive industry."
The firm bumped FY 2015 EPS from $0.52 to $0.55 and set FY 2016 at $4.69.
For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.
Shares of Tesla Motors closed at $230.43 yesterday.
European indices are rebounding strongly now and so is TSLA, from pre-market low of 216 to 224. Maybe the general negative market sentiment coupled with short attacks (apparently there's no TSLA shares to borrow at IB for shorting) pushed it so low. I'm hurting this morning with my June calls but the words that are running through my mind now is: Greedy when others are fearful.
Thanks, Flux. It is good to have somebody to provide outside world feed to the Tesla gearheads here...
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I think at least one of us is missing each other point. :smile:
I am not questioning rationale behind the possible decision to keep the margin low, just pointing out that math does not work.
Consider current pricing for the powerpack at $250/kWh. Elon said that there will be small margin while packs are manufactured at the Fremont factory. Let's say, for talking purposes, that Tesla's cost is $240/kWh. Now consider that large scale production at the GF will reduce cost by 30%, as guided by the company. So Tesla's cost to produce the powerpacks will be 0.7 x 240 = $168/kWh. So the gross margin at the GF would be 1-168/250 = 32.8%.
As you can see the math does not work - the three data points - small margin at Fremont at $250/kWh, 30% reduction due to manuf./scale efficiencies at the GF and 20% gross margin at the GF - contradict.
I know I am. I'm thinking of writing some puts to collect some time premium while the churning goes on.Searching the dark corners of the internet for clues to this shady premarket action, and some of these wackos literally are borrowing on margin to short TSLA because they hate Elon Musk, period, and are convinced that the planned cash outlays for gigafactory construction mean Tesla will go bankrupt ASAP. That seems like a great bear thesis...
I might buy this morning as well.
Searching the dark corners of the internet for clues to this shady premarket action, and some of these wackos literally are borrowing on margin to short TSLA because they hate Elon Musk, period, and are convinced that the planned cash outlays for gigafactory construction mean Tesla will go bankrupt ASAP. That seems like a great bear thesis...
I might buy this morning as well.
WSJ Quote: Tesla Loss Widens as Spending Jumps
Luxury electric-car maker posts $154 million loss even as quarterly shipments top 10,000 cars
I might be strange but I always thing of the strong negative short reactions to Elon and Tesla as something along the lines of this:Searching the dark corners of the internet for clues to this shady premarket action, and some of these wackos literally are borrowing on margin to short TSLA because they hate Elon Musk, period, and are convinced that the planned cash outlays for gigafactory construction mean Tesla will go bankrupt ASAP. That seems like a great bear thesis...
I might buy this morning as well.
If you are a gambling man. You will probably lose it all but if you don't will make $$$$$$$$$$$$$$$$.So if there are bargains on open, are weeklies the best way to jump in like Fango had mentioned?
Almost no more shares to short at Interactive Brokers.
Symbol: TSLA
Availability: 50'000
European indices are rebounding strongly now and so is TSLA, from pre-market low of 216 to 224. Maybe the general negative market sentiment coupled with short attacks (apparently there's no TSLA shares to borrow at IB for shorting) pushed it so low. I'm hurting this morning with my June calls but the words that are running through my mind now is: Greedy when others are fearful.
That Morgan Stanley comment is eye watering. Adam Jonas' flip-flopping is sort of bizarre. Only 3 quarters of cash at current burn rate? They just spent the majority of cash in Q1 on Fremont readying the Model X line - building is upgraded, robots bought, paint line almost operational - cash burn for Fremont diminishes for a year and a half until they build out for Model 3. They are trying to scale up massively for cars and storage at Gigafactory - or is that just a big party tent in the desert and they plan on moving Burning Man there?Well, if all the research you did was read major news headlines or skim the articles you might be left with the impression that Tesla missed earnings and abandoned stationary storage entirely.
Bloomberg:
Tesla Falls After Morgan Stanley Calls Cash Burn˜Eye Watering™ - Bloomberg Business
So if there are bargains on open, are weeklies the best way to jump in like Fango had mentioned?
That Morgan Stanley comment is eye watering. Adam Jonas' flip-flopping is sort of bizarre. Only 3 quarters of cash at current burn rate? They just spent the majority of cash in Q1 on Fremont readying the Model X line - building is upgraded, robots bought, paint line almost operational - cash burn for Fremont diminishes for a year and a half until they build out for Model 3. They are trying to scale up massively for cars and storage at Gigafactory - or is that just a big party tent in the desert and they plan on moving Burning Man there?