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CALGARYARSENAL
Member
The Euro is being hit pretty hard too. This may be a big hit to Q3 sales and/or margins, Tesla will definitely need to raise prices to counter these large moves unless forex moves back the other way.
Starting MX deliveries in China before Europe suddenly seems like a much, much more intelligent idea
tinm
2020 Model S LR+ Owner
Um... US stock futures currently getting "demolished"... I've got a bad feeling about this...
US stock futures are getting slammed after Brexit vote stuns markets
US stock futures are getting slammed after Brexit vote stuns markets
CALGARYARSENAL
Member
After tomorrow's underwear change, Musk's plan to buy Solar City will be an afterthought. This is going to be epic. And no, I am not going to sell. Plunging bond yields mean investors will move money into stocks again in the not so distant future.
deonb
Active Member
Which is 17400 according to them...
So the DOW trading where it was 1 month ago, and still 1% above its 200 day moving average is being "demolished" ?
Don't get me wrong - I think it will trade lower than 17400 tomorrow, but someone should look up the meaning of the word "demolish".
Dropping 4% in one day causes incredibly more economic impact than dropping 4% over the course of a month. There's uncertainty. Retirement accounts suddenly have far less purchasing power rather than giving time to prepare and adapt. VIX skyrockets.
There's a reason why a 10% drop overnight can send a country into a recession, while a 10% drop over six months usually will not.
FredTMC
Model S VIN #4925
Yeah. Not good.
Near term catalyst for TSLA is Q2 delivery numbers due by First week in July.
I'm in the camp that Q2 deliveries will be a beat.
Once world markets stabilize after this brexit shock, TSLA should be a good buying opportunity. After all, what does Britain leaving the EU have to due with the future success of Tesla? Nothing...
deonb
Active Member
Sure if it was somewhat stable, but it's not. Dropping to 17400 would represent a 1.5% drop since last Friday, which is less than the gain % we're up since last Friday (1.9%). That is trading range stuff.
17400 isn't the issue - I think we may see mid 16000's tomorrow - following the Nikkei's % drop. THEN people can go and call it "demolish" if they want.
But if we truly just see 17400 it would be pretty close to the best case scenario possible.
Yea, Brexit is definitely looking like a near-100% deal now.
Please plan accordingly tomorrow
I think >99% of the people didn't expect this result. The ODD of Brexit was really low by market close today, so the surprise and impact to the market will be high tomorrow.
Will be interesting to see how fast Tesla reacts. Might be a lots of Brits make the order in the morning and Tesla takes the hit with the currency exchange. Maybe short term spike, but long term not so good.
But yeah it's pretty bad for Tesla since it seems like the UK was about to become their most important market in Europe. Not to mention it's not just the potential currency exchange, but with an uncertain economic future people people tend not to want to make big purchases.
Tesla Europe Registration Stats
deonb
Active Member
MartinAustin
Active Member
Perhaps so. But petrol will probably jump up by the same amount.
Hi CALGARYARSENAL, In Jan-Feb correction, you played very defensively for TSLA. IIRC you started accumulation under 200? What's your opinion for this run? I'll start to accumulate around 180, I think there will have good chance to reach 180 in tomorrow's panic sell. It's about 8% drop for TSLA while SPX future down 5%, Nikki down 7% and DAX future down 8% tonight. But I'll still reserve enough dry powder in case SP retouch 140 or lower in next month or so.
Causalien
Prime 8 ball Oracle
You can't just directly answer my questions? Or you don't know yourself?
But I don't think this will matter now. Brexit means we wait to see if there's a clog in the gears that will freeze up the financial system. My gut feeling was right. Something bad is happening. I am glad I am 75% in cash.
Causalien
Prime 8 ball Oracle
The bigger picture problem is that if Brexit can happen due to the fact that the campaign is waged based on the immigration issue. It means that Trump has a chance to make it happen in USA as well. I was starting to dismiss Trump, but now have to take this into account.
Others ask why this is bad timing for TSLA to announce merger with SCTY. This is why.
FredTMC
Model S VIN #4925
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