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Still ongoing. Elon is Elon, dry boring and not really answering questions IMHO. He believes panels on roofs can look much better to help homes appreciate.
He wants car, and solar sold to same customer by same company and limit the amount of labor cost
Perfectlogic
Member
Causalien
Prime 8 ball Oracle
They don't sound prepared for the questions. Means it might not have crossed their mind before.
Vague answers. Evasion of certain questions
They got a bunch of emails re the timeline of the whole process.
So TSLA board has approved the deal, which is why they announced it yesterday. Then it goes to SCTY board for approval.
Then DD happens "promptly, hopefully done in the next 2-3 weeks"
Then shareholder vote would be sent out soon after if the previous steps go well.
So TSLA board has approved the deal, which is why they announced it yesterday. Then it goes to SCTY board for approval.
Then DD happens "promptly, hopefully done in the next 2-3 weeks"
Then shareholder vote would be sent out soon after if the previous steps go well.
Can I remind everyone that it's 5:30am? This is not an acceptable time to be awake (and to have been awake for at least an hour and a half now). Let's stop with all the meta-analyzing of tone and so on that we so often do here, it is certainly not valid this time around. People are tired. Duh. Let's stick with content, please.
Raffy.Roma
Rome (Italy)
JenniferQ
Active Member
Agree. Why wouldn't they have anticipated these questions and have better, prepared answers?
"Solar power, storage, EV cars will save the world." Basically.
Then our efforts should be spent on reducing obesity, increasing exercise, healthy food choices, and removing stress from our lives. And let's not forget smoking. In the US, climate change is relatively low on the list of health problems.
Good luck on your quest. I'll keep paying $0.12 per kWh.
JenniferQ
Active Member
EM just alluded to more "secret" information that he can't tell us about. Says "we maybe should have done this sooner." "We will look back on gasoline cars like we look back on steam engines. Fossil fuel power gen was a weird phase. We want to get out of that phase as soon as we can." Now going off on the whole burning fossil fuels is crazy thing our grandchildren won't believe.
I honestly found your sarcasm funny - the first 5 times you posted it. Now it's getting old and adding nothing to the conversation.
Mike
Johan
Ex got M3 in the divorce, waiting for EU Model Y!
So Elon is saying basically what I was claiming he would: The osmosis of SCTY in to TSLA was inevitable, maybe they should have done it sooner but they are definately not too late.
tinm
2020 Model S LR+ Owner
Sheesh this call is awful. C'mon Elon. Should have involved Jason. Elon is not selling this well. Tired, groggy, weak answers, evasive. He's not being honest.
I suspect the stock will be in the 180s soon.
I suspect the stock will be in the 180s soon.
Gerardf
Active Member
Please do not reply to him anymore. Trolls will be trolls. He has no objective to add anything usefull.. (Definition of a troll)
He never had.
??? Can I remind people that it's unacceptable to use "I'm tired" as an excuse for doing your job inadequately? When I'd fly from California to Germany or Taiwan and have a meeting immediately after I got off the plane, it wasn't acceptable to not be able to adequately answer serious questions. You suck it up and collapse later when you're not on the phone trying to make one of the more important cases in your career...
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There is that saying, do not let you emotions guide your stock decisions. I can't help but to wonder if that golden rule is being disregarded here. I have been up much of the night looking at financials of both companies in detail. The main issue that bothers me here is the cross-pollination of board members in both companies. The financial structure of SCTY also bothers me. This reads vested emotional interest of the proposed merger. I can say without a doubt SCTY is in financial trouble, however, the financial structure is much like that of GE financing -- at least on some level and relies on capital financing returns. At first I saw this as a net-positive event, despite the WS reaction. But after digging in to the macro capabilities of both companies, I'm not so sure.
As has been mentioned here ad nauseam, the timing, and intercorrelation could not come at a worse time. This has everything to do with impending Q2 ER, IMHO. I have a feeling there is concern about the revelation of SCTY's financial health in the near-term, which may impact the sentiment toward Tesla. So essentially, Tesla was going to take a hit either way. By proposing to buy SCTY it saves some degree of sentiment for Tesla. That's about the only positive I can see from this, and I am fairly certain that is the reasoning. Financial analysts are going to rake this idea over the coals at the expense of Tesla shareholders. It will cast many doubts in the sentiment of the SP, and will likely place the volatility of the stock in an even a more precarious spot -- likely for the next few quarters.
As far as strategic moves on my part for positioning - I will likely buy $TSLA at 180-185 if it goes there. I was debating on an iron condor type trade, but have decided against any options on this because volatility is going to be nuts. If any option play, it will likely be core shares in $TSLA, and short positions in $SCTY.
As has been mentioned here ad nauseam, the timing, and intercorrelation could not come at a worse time. This has everything to do with impending Q2 ER, IMHO. I have a feeling there is concern about the revelation of SCTY's financial health in the near-term, which may impact the sentiment toward Tesla. So essentially, Tesla was going to take a hit either way. By proposing to buy SCTY it saves some degree of sentiment for Tesla. That's about the only positive I can see from this, and I am fairly certain that is the reasoning. Financial analysts are going to rake this idea over the coals at the expense of Tesla shareholders. It will cast many doubts in the sentiment of the SP, and will likely place the volatility of the stock in an even a more precarious spot -- likely for the next few quarters.
As far as strategic moves on my part for positioning - I will likely buy $TSLA at 180-185 if it goes there. I was debating on an iron condor type trade, but have decided against any options on this because volatility is going to be nuts. If any option play, it will likely be core shares in $TSLA, and short positions in $SCTY.
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