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Johan
Ex got M3 in the divorce, waiting for EU Model Y!
I know the offering hasn't "happened" yet but I'm guessing all the underwriters have likely each allocated their portion of the offering to buyers? And I'm just guessing that maybe one of them promised a bit too many shares in total to big clients and are now bound to deliver that many shares?
Just came across this. Elon Musk will be speaking at Code Conference sometime between May 31st and June 2nd. I can't find the time he'll be speaking.
Code Conference
Code Conference
Does Tesla go BK if I post a haiku on a Tesla Tuesday?Let's just say the concept of Tesla Tuesdays was more backed up by anecdotal rather than proper statistical empirical evidence
Fidelity (payment for lending): 1.25% for TSLA and 18% for SCTY
Not sure what the shorts are paying to borrow, though.
MitchJi
Trying to learn kindness, patience & forgiveness
I just started rolling Sept 230's and Sept 240's to Jan17 240's and Jan17 250's. Just completed the Sep 230's (sold for $15.25), replaced with Jan17 240's (paid $18.41). Those 2 options have similar Delta's (September 230's = 0.4790 vs Jan17 240's 0.4683 ) so the increases in prices will be similar. I'm also optimistic on the Q2 ER, but an extra $3.16 seems like really cheap insurance.
IMO having a viable Plan B is always a good idea. If I had given myself an extra four month's with all of my trades, I would have done much better financially over the last 12 month's.
Perfectlogic
Member
You can follow after hours trades here Tesla Motors, Inc. (TSLA) After Hours Trading nearly all the volume has been very close to the closing price.
MitchJi
Trying to learn kindness, patience & forgiveness
Agreed! Highly recommended! One of the best TMC decisions I've made. If everyone would either do that, or at least stop responding it would be perfect.
Once I clicked the "Show Ignored Content" and started to read the first post that came up. Absolute drivel, not going to make that mistake again (at least not soon)!
sub
Active Member
The only problem with having to ignore people is that you still see their posts if you don't log in which I don't do most of the time. It will be worth the effort moving forward however!
sub
Active Member
I also have a combination of shares, J17 calls and sold J17 puts. The puts and calls work as a synthetic stock position in a sense plus give more leverage. The nice thing about selling puts is that you don't have to time the dip to buy and if it doesn't come you still make money if SP goes up.
FredTMC
Model S VIN #4925
So, media reporting about UAW interested in Fremont. Says that weighed on the SP today.
I can't see Tesla Motors going Union. I don't know how that works but I assume Fremont workers would vote on it at some point. I'm guessing a fairly low percentage of Fremont workers have ever been in the UAW.
I can't see Tesla Motors going Union. I don't know how that works but I assume Fremont workers would vote on it at some point. I'm guessing a fairly low percentage of Fremont workers have ever been in the UAW.
That was originally news in USA Today late afternoon on Thursday, which more of the media began spreading today: UAW wants union for Tesla factory
The UAW chief said he was not approaching this in an adversarial way. He claimed to have already met with Elon, whom he described as creative and very unique.
Fred, IIRC they had a vote about two years ago to unionize and it was rejected.
Doubtful that UAW culture is an attractive prospect to the majority of Tesla workers. The energy, enthusiasm and pay is reportedly high. Easy for Tesla to point out for example that the average UAW member is paid less and is subjected to additional and outdated union rules and disciplinary procedures on top of the membership fee and the blue-collar-worker designation. Probably nicer to be a member of "us" with Elon and the management at Tesla rather than a member of "us" in an adversarial "them and us" inherent to unionization with "them" being Elon and the management. Also, perhaps as a smart defensive move, Tesla bought the old UAW Union hall next to the Fremont factory in 2015 making it harder for UAW to just to creep back into old haunts and pretend that it belongs. Needless to say that along with car dealers my opinion is that unions should be left out in the cold. I suspect Tesla's staff would concur.
Unions are generally more interesting to workers that are concerned about downsizing. This is not a prevalent issue at Tesla.
Edit. @AlMc: "Fred, IIRC they had a vote about two years ago to unionize and it was rejected."
Good.
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It likely depends on the relative pay scale at Fremont versus options in the immediate area. One test which is public, is the immigrant guest worker who was injured recently, reported at $5/hour and then corrected by Musk to $55/hour which sounds good to me. (I was always curious, however, was that what Tesla paid the subcontractor or do they pay workers directly in those contracts?) In any case, the company's response about the worker seemed most humane to me and others on this thread. On the other hand, this is a startup company with silicone valley standards, run by a guy really on the run himself, so it may have poor working conditions there for the faint of commitment. Now, on the other other hand, they've stated publicly they want to hire a lot of veterans who are probably used to horrible working conditions and impossible hours, deadlines, etc., so with the prospect of option bonuses and early in line for a Model 3, workers may well be happy without unionization. Bottom line, it may make no difference in the pay scales so nothing to fear about a zoom up in production costs.
Another anecdote. The first time I talked to a rep at the store in White Plains on a visit with my brother, I swaggered in with the opening "I'm an investor, not ready to buy yet, but I could if I sold." The very first response of the rep was, "keep your investment." Turns out he was a high school teacher in a field similar to mine at the university level, and he was there for the options which he could tap within two years (if I remember correctly). Convinced me I'd like to moonlight in retirement on those conditions. But Rocklin is too far away, and we only have one car. We do have two M3 reservations, but I'll be 82 by then. Born too early, smart too late. The story of my life.
Edit: Sorry. Should have kept reading on the thread. Not smart enough, so late.
Here's a January 2014 San Francisco Chronicle (SFGate) article reporting that the UAW had set up an organizing committee at the Tesla factory: Unions press for place with Tesla
It appears that the meeting between UAW representatives and Elon actually occurred in August 2013.
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It likely depends on the relative pay scale at Fremont versus options in the immediate area. One test which is public, is the immigrant guest worker who was injured recently, reported at $5/hour and then corrected by Musk to $55/hour which sounds good to me. (I was always curious, however, was that what Tesla paid the subcontractor or do they pay workers directly in those contracts?) In any case, the company's response about the worker seemed most humane to me and others on this thread. On the other hand, this is a startup company with silicone valley standards, run by a guy really on the run himself, so it may have poor working conditions there for the faint of commitment. Now, on the other other hand, they've stated publicly they want to hire a lot of veterans who are probably used to horrible working conditions and impossible hours, deadlines, etc., so with the prospect of option bonuses and early in line for a Model 3, workers may well be happy without unionization. Bottom line, it may make no difference in the pay scales so nothing to fear about a zoom up in production costs.
Another anecdote. The first time I talked to a rep at the store in White Plains on a visit with my brother, I swaggered in with the opening "I'm an investor, not ready to buy yet, but I could if I sold." The very first response of the rep was, "keep your investment." Turns out he was a high school teacher in a field similar to mine at the university level, and he was there for the options which he could tap within two years (if I remember correctly). Convinced me I'd like to moonlight in retirement on those conditions. But Rocklin is too far away, and we only have one car. We do have two M3 reservations, but I'll be 82 by then. Born too early, smart too late. The story of my life.
Sorry. Should have kept reading on the thread. Not smart enough, so late.
Regards the $5 and the $55.
Tesla paid a labor rate of $55 to the main contractor. Main contractor stated it paid that $55 across to a subcontractor for part of the work. Third in line subcontractor apparently paid $5 to the worker. Tesla says it will help the worker anyway.
Thanks for your clarification. I got the point of treating the worker well. Hope the sub got the message and dropped the sub-squared. They might have visa problems too.
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