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ev-enthusiast
Active Member
How much upside as well as downside to TSLA do people here see for the next week and next month (btw I still think Tesla Motors the company will do fine, it is just the stock that is getting hammered)?
Thank's in advance!
Thank's in advance!
dreamingof3
Member
Ok so I think it's time to take Tesla out of the penalty box but it will depend on Elon actually cooperating at the ER CC.
41% in a month......who knows something, sorry conspiracy theorist coming out in me.
41% in a month......who knows something, sorry conspiracy theorist coming out in me.
I've looked at this a while back and do not think that Elon is anywhere close to a margin call.
His line of credit secured not only by TSLA, but by Space X as well. Even before award of the latest NASA contract, at the time of Fidelity's investment, Space X was valued at $10B. I would be surprised if Elon had less than 25% stake in Space X. Also, it appears that US brokerage houses are less conservative than Canadian ones. Even at relatively conservative Fidelity the margin requirement is only 40%, with other 60% available for borrowing cash or buying non-marginable securities (like options), and more than triple of that available for buying marginable securities (like shares). So I believe that just based on Elon's stake in Space X, his margin is close to $2b for cash, and probably at least $6b for buying stock.
Gerardf
Active Member
How come this thread even discussing margin calls on Elon Musk, Tesla being sold, etc, etc ?
- Elon Musk currently owns almost 29M TSLA shares, even at US$ 140 valued @ more than 4 Billion.
It is not so easy to find out how much he paid for the shares, I found this reference :
http://www.forbes.com/sites/quora/2...om-investing-in-teslas-series-a/#5dad1ecc6477
This states:
- At the IPO he got 12.880.324 of the 29M A-shares for a price of 0,50 (bit less actually). The costs we approx 6M (plus probably tax).
In 2014 & 2015 Elon acquired a total of 614.000 shares for 23,5M + 50M = 73 M.
For sure he took further loans against TSLA shares, but remember he also hold a significant number of SCTY shares (more than 21M valued at almost 590M as I write this) . He probably used this to loan for investments like he recent acquisition of 35.000 SCTY shares.
I do not even want to make an effort to work out how much he paid for the SCTY shares. Point is that his share holding there have a current value of 4.5 Billion US$. Add to thjat the value of his SpaceX shares.
(Of course he also has a salary from he new police job in Brazil I assume
Now, if anyone can defend that Elon took several Billions of US$ loans, please show me what he used these for, as he got most of his shares at very low costs.
As I wrote earlier. I would not be surprised to see Elon buying more TSLA shares at the current rates. He recently did that when he felt SCTY was low.
- Elon Musk currently owns almost 29M TSLA shares, even at US$ 140 valued @ more than 4 Billion.
It is not so easy to find out how much he paid for the shares, I found this reference :
http://www.forbes.com/sites/quora/2...om-investing-in-teslas-series-a/#5dad1ecc6477
This states:
- At the IPO he got 12.880.324 of the 29M A-shares for a price of 0,50 (bit less actually). The costs we approx 6M (plus probably tax).
In 2014 & 2015 Elon acquired a total of 614.000 shares for 23,5M + 50M = 73 M.
For sure he took further loans against TSLA shares, but remember he also hold a significant number of SCTY shares (more than 21M valued at almost 590M as I write this) . He probably used this to loan for investments like he recent acquisition of 35.000 SCTY shares.
I do not even want to make an effort to work out how much he paid for the SCTY shares. Point is that his share holding there have a current value of 4.5 Billion US$. Add to thjat the value of his SpaceX shares.
(Of course he also has a salary from he new police job in Brazil I assume
Now, if anyone can defend that Elon took several Billions of US$ loans, please show me what he used these for, as he got most of his shares at very low costs.
As I wrote earlier. I would not be surprised to see Elon buying more TSLA shares at the current rates. He recently did that when he felt SCTY was low.
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Gerasimental
Member
MX OTA update has dramatically improved performance and capability of Falcon Wing Doors. Owners unanimously very impressed/pleased. Unlikely to have any SP impact but nice to remember what this company is capable of
Auto Presenting Front Door
Auto Presenting Front Door
The short selling was not eliminated, just limited in a way that short sellers can't push SP down by selling into down ticks. They can however sell in a way that limits the upticks. I posted link and some additional details here.
McMuggets
Member
Only wish I could go to cash on other investments quicker. Oddly, the "risky" stocks in my portfolio (juniors and penny stocks) have been remarkably stable in this macro environment. Might just book the profits from those (slowly, because volume is low) in order to ready for a nice buy in TSLA when this thing finally bottoms out. I remember buying during the major drop in SCTY and other solar stocks like SEDG etc. before the climate conference, with a final big buy once bottoming action took place. Nothing but red on the screen for awhile and then a big gift from congress made the stock shoot back up from $25 to $55. Gains from that were booked nicely.
TSLA is not going to "die" and Elon not going to get some sort of "margin call". He is worth way more than that loan. Honestly, the pessimism on this forum has hit a new high with many shareholders capitulating. Longs can take chances like this to receive stock at great discounts.
Gerardf
Active Member
I predict we will see the same pattern as last days. Big chunks of shares sold immediately at opening.
Could it be a coordinated effort ? (A big party wanting to exit a large position would sell in smaller chunks to keep the SP relatively high after opening and slowly sell at relatively higher prices).
Could it be a coordinated effort ? (A big party wanting to exit a large position would sell in smaller chunks to keep the SP relatively high after opening and slowly sell at relatively higher prices).
dreamingof3
Member
Barclay's maintains underweight on Tesla. Cuts PT from 180 to 165. Does anyone else want to line up and kick Tesla while it is down? I feel like a punching bag with no headgear on.
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This is a bear attack period. The only proof we will get is in the short interest numbers which could exceed 40 million by 2/15 settlement.
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This is a bear attack period. The only proof we will get is in the short interest numbers which could exceed 40 million by 2/15 settlement.
stealthology
Member
Correct me if I'm wrong, but Musk said in Paris S is being produced at 1,000/week in Paris last week.
This is best piece of Tesla news in a long time because it shows that Tesla is all about engineering and solving problems. If you read on the linked thread you can read from a couple of MX members being very impressed and happy with the OTA.
Well those maybe not as bad as TSLA. Activision was one I was clearly thinking of with another company affected by a similar huge drop (they've had no issues to cause such a drop). Linked In as well but they had a catalyst through a poor ER and lowered outlooks.
I hear you. My 401k is up 12% year to date in some incredible dash of luck! (I have a huge chunk of it invested within the company I work for).
Some people here are forgetting why they're long, and I hope this reminds people of that
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Bottom today, sentiment will turn to 'what's TSLA got up it's sleeve' and tomorrow it will have some good numbers and Tesla will reestablish its A game.
I hope.
I hope.
dreamingof3
Member
This is great news! I'm hoping the shorts don't realize this until we are greeeeeeeen!
Gerardf
Active Member
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