What, you don't like websites from 1995? I wonder how they evaluate Lycos?
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What, you don't like websites from 1995? I wonder how they evaluate Lycos?
I see today's FUD from Standpoint Research as harvesting the low-hanging fruit. Undoubtedly, the shorts realized that a bunch of new TSLA investors came onboard during the recent climb, many likely to be new Tesla Model 3 reservation holders. Standpoint's FUD message on CNBC was certainly the catalyst for the drop to 250ish, if you look at the timing. New TSLA investors haven't been through this type of FUD attack before, and many likely had fairly tight stop-loss limits set on stock. The net result is a quick drop in SP.
The bigger picture is that Tesla may seriously be looking at raising some capital to speed up the Model 3 launch, but I imagine Tesla wants a stock price above $260 before the capital raise. Thus, many auto companies and even the oil sector has something to lose from a successful Tesla capital raise, and hence a TSLA SP of $260 or above.
As for the availability of short shares, although Fidelity doesn't have any, I just checked with Etrade and they say they have "lots" of TSLA shares available to short, with an interest rate a bit less than 7%. So much for my theory that the shorts are temporarily out of business.
The bigger picture is that Tesla may seriously be looking at raising some capital to speed up the Model 3 launch, but I imagine Tesla wants a stock price above $260 before the capital raise. Thus, many auto companies and even the oil sector has something to lose from a successful Tesla capital raise, and hence a TSLA SP of $260 or above.
As for the availability of short shares, although Fidelity doesn't have any, I just checked with Etrade and they say they have "lots" of TSLA shares available to short, with an interest rate a bit less than 7%. So much for my theory that the shorts are temporarily out of business.
I might as well set up shop lol. Didn't realize it was so easy to get on CNBC.
EDIT: Goodness... I graduated from the same school as he did *shakes head.
SP is depressed but there's a big imbalance in bid:ask. Hopefully we'll recover by end of day.
My wild guess Is max pain forces are holding it at $250 for today. Absence of news, it might drop on monday. $240 was a strong resistance, which would become a strong support, not so for $250. We saw it broke through $255 which was a strong support, until the guy appearance on cnbc.Does anyone think we'll test a new low on Monday? May have to cut my losses
Im still waiting patiently for $240 entry point. its really hard to predict at this point, any news could swing the stock price either ways.
Dont gorget macro forces as well.
Great way to post semi-peripheral news without cluttering this thread.
mejojo
Active Member
IMO this is the highly preferred model. If I do not want to ever use supercharger, say it's a commuter car, why should I be forced to pay for it?
This is how you get the base price is as low as it can go.
Indeed, the sharp drop midday precisely coincided with a CNBC interview of a Tesla bear rehashing tired old FUD. As usual, stop loss limits set by weak longs were undoubtedly triggered, thus resulting in a cascade similar to that of toppling dominoes.
It's interesting that this occurred on a Friday when weekly options expire with Max Pain at $250. That's another reminder to trade the stock and not the options.
Regarding Supercharging for the Model 3:
1) As a car buyer I prefer Supercharging be an option that I can decline, since for long distances I fly rather than drive.
2) As a shareholder I welcome the added revenue from a Supercharger option.
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SpaceX will launch a Falcon 9 rocket in about an hour and forty-five minutes, and the first stage will attempt a landing on the barge in the Atlantic. This attempt will have more fuel remaining for the landing, and so its chance of success will be higher than recent drone ship landing attempts. If SpaceX nails the landing, Elon will have a halo effect for a while and we could see a positive short-term effect on Tesla on Monday, particularly if he tweets any positive TSLA info. Watch the after-hours trading of TSLA to see if there's a bump up in the case of a successful landing.
This is also the only way to prevent abusers and also make it profitable as a business in as of itself so other manufacturers "buy in" and invest. Imagine if Tesla Superchargers became the charging standard and you had other companies/energy companies contribute to the pot per se and phase out gas stations and went with a snack bar/juice bar + supercharger combo.
Also, to bring it around with SP. With these rumored price increases, this should help GM on the existing cars.
It's really hard to say at what price one should put the limit buy/sell. Really depends on your risk/greed. Option prices liquidity is not good. So in the case of gap down, you might get nice discounts and leave you more safe zones. On the other side, you may miss the chance.
Maybe just take a break from looking at the stock price for a little while?
Sounds like you may want to play a lot less short term risky trades until you have more experience especially on emotion level. Some folks lost their shirt by emotional trading.
Totally forgot about this, thanks for the reminder. Successful landing which has a good chance, might help on monday open.
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