Short-Term TSLA Price Movements - 2016

[Papafox]

I'm guessing we see a small dip shortly after open and then she starts moving up

OTOH, If they can't pull off a small dip, that would be bullish.

EDIT: Maybe that 202.7 to 202 was our dip ; )

 

[FluxCap]

215 before ER

 

[vgrinshpun]

Wow, quite a drop in shares available for shorting at Fidelity - now at 955,550.

That's 747,400 shares difference in just 3 hours of trading. Were all these shares really shorted this am? If true, that would have been more that 50% of today's volume.

939,157 shares available for shorting at Fidelity as of 9:35am, interest the same as on Friday at 2%

 

[woof]

Musk chose to say "level 5". I pointed out that the S/X have mechanical links that can't be software disabled. So what is Musk talking about?

Model 3

 

[Hogfighter]

939,157 shares available for shorting at Fidelity as of 9:35am, interest the same as on Friday at 2%

So much for my comfortable lifestyle provided by the shorts! I'll miss those interest payments. SCTY still paying a fair amount though.

 

[electracity]

Model 3

I think you are probably right. I wonder how complete "drive by wire" will be received.

 

[Papafox]

Volume is low for a Monday morning.

 

[Tenable]

I'm a little confused, I'd love some insight if you guys have any. TSLA only 118k available to short at 1.35% on IB. SCTY has 343k at 7.9%. There were over 1MM shares available at the end of last week for SCTY and if I recall correctly, around 750k for TSLA. The available shares have plummeted, however, the rate paid is still very low. I assumed as people continue to borrow the rate should rise, I'm also surprised at people shorting into this ER. Am I missing something?

 

[Papafox]

I'm a little confused, I'd love some insight if you guys have any. TSLA only 118k available to short at 1.35% on IB. SCTY has 343k at 7.9%. There were over 1MM shares available at the end of last week for SCTY and if I recall correctly, around 750k for TSLA. The available shares have plummeted, however, the rate paid is still very low. I assumed as people continue to borrow the rate should rise, I'm also surprised at people shorting into this ER. Am I missing something?

Here's a thought. When someone borrows shares to short, are they required to immediately sell into a new position or can they hold those shares and sell in at a time and date of their choosing? With interest rates so low, you might see some shorts loading up on shares that they can use if the ER is disappointing, but they haven't yet sold into a position.If the ER is good, they could just return the shares they haven't yet sold and pay a little interest. Maybe someone who knows more about the process of short selling can clarify. Thx.

 

[schonelucht]

At this point, it doesn't seem the availability of shares to short nor the interest paid has much correlation with the stock price anymore.

 

[Tenable]

Here's a thought. When someone borrows shares to short, are they required to immediately sell into a new position or can they hold those shares and sell in at a time and date of their choosing? With interest rates so low, you might see some shorts loading up on shares that they can use if the ER is disappointing, but they haven't yet sold into a position.If the ER is good, they could just return the shares they haven't yet sold and pay a little interest. Maybe someone who knows more about the process of short selling can clarify. Thx.

My knowledge on this subject is sadly lacking. When I've opened a short position previously (only on a couple occasions) I do so by selling shares I don't own. So it was immediate for me. I don't know if its possible to do so in the manner you've described.

 

[racer26]

So far as I understand it, while its theoretically possible to do what you suggest, in reality, its only possible for the seriously large firms. Retail investors are limited to basically selling into a short position immediately.

 

[myusername]

I'm a little confused, I'd love some insight if you guys have any. TSLA only 118k available to short at 1.35% on IB. SCTY has 343k at 7.9%. There were over 1MM shares available at the end of last week for SCTY and if I recall correctly, around 750k for TSLA. The available shares have plummeted, however, the rate paid is still very low. I assumed as people continue to borrow the rate should rise, I'm also surprised at people shorting into this ER. Am I missing something?

a stock being shorted is not the only way for it to go down... it's really weird that everyone here seems to think down means short attack and up means short squeeze+buyers... never is selling assumed.

 

[ggr]

But Models S and X at the moment don't have steer by wire and brake by wire, so it is not possible to prevent passenger to involve. But I don't see this as a proof, that those cars are not Level 5 capable.

I believe you're wrong about not having steer-by-wire. I am quite sure that you're wrong about not having brake-by-wire, since the change from vacuum-boosted brakes to electrically operated brakes was part of the original Autopilot announcement.

 

[PaulRocket]

Look at the first and the last page of the Tesla/SolarCity merger proxy vote, I believe this is our first look at the solar roof:
https://materials.proxyvote.com/Approved/88160R/20160923/NPS_299107.PDF

 

[Matias]

Level 5 doesn't have different capability compared to level 4. The difference is lack of user controls..

http://www.sae.org/misc/pdfs/automated_driving.pdf

According to this, the difference between level 4 and 5 is that in level 5 there is "the full-time performance by an automated driving system of all aspects of the dynamic driving task under all roadway
and environmental conditions that can be managed by a human driver."

Level 4 does not need to handle all possible driving modes. E.g. driving in heavy rain or some other limitation.

 

[Lump]

Level 4-5 discussions should be moved to its appropriate thread.

 

[NOLA_Mike]

a stock being shorted is not the only way for it to go down... it's really weird that everyone here seems to think down means short attack and up means short squeeze+buyers... never is selling assumed.

Not everyone here believes that and your generalization based on a few vocal posters is an example of bad logic or bad assumptions.

 

[NOLA_Mike]

I believe you're wrong about not having steer-by-wire. I am quite sure that you're wrong about not having brake-by-wire, since the change from vacuum-boosted brakes to electrically operated brakes was part of the original Autopilot announcement.

Perhaps, to satisfy a few apparently hung up on semantics, once certified for Level 5 you can make an appointment at your nearest Service Center to have the steering wheel and brake pedal removed. Let's assume that and move on from whether or not the car can be level 5 or not based on whether it has a brake pedal and steering wheel.

 

[Intl Professor]

Wired has a rundown on self-driving cars, mostly of little interest to the technically minded here. However, near the end there is a video interview by wired editor and MIT media lab guy. Obama clearly gets it. We are lucky to have him. I can't imagine a more clear-eyed view of this technology, AI, and the role of government regulation across all applications.

Elon Musk’s Plan for Self-Driving Teslas Seems Insane, But Just Might Work