You can install our site as a web app on your iOS device by utilizing the Add to Home Screen feature in Safari. Please see this thread for more details on this.
Note: This feature may not be available in some browsers.
There's no specific reason. Its's like birds chirping in the morning. Numerous parties do what they do for disparate reasons and market price movements are the result.
.
And now Short is strong again and SP is at $215.38... What should we do?
a 0.2k/week production increase is only 2% of what is needed for the 500k/year production goal next year. But 0.2k/week lack of natural demand represents 10% of the current situation. I would say it carries a lot more weight in the short term.When you have nearly 400k model 3 reservations on hand, constant monitoring of minor demand fluctuations for higher priced SX is almost comical.
The real short term concern, that we should care about is how is production ramping. 2k/week is good. 2.2k/week or better is fantastic, which I think is what is happening right now.
And now Short is strong again and SP is at $215.38... What should we do?
Unless this peters out tomorrow, I mean to buy some more scty to scrounge a bit more discount. Just a few, mind. I won't juggle the SP.And now Short is strong again and SP is at $215.38... What should we do?
drinkofcoolaidDrugs, maybe?
Some of those birds COULD be the 2018 note holders who noticed early conversion for $411 million in face value. The notices had to be between 7/1 and 8/5. If it were towards the end of that window, it might mean the hedges (if any) related to the 20 trading day VWAP valuation period are coming off. The last possible day for the VWAP is this Friday. Holders who gave notice would probably sell the shares (up to 1.5 million) they receive in exchange for their notes. (If they were interested in staying invested in TSLA common shares, they would not have given conversion notices.)
Other chirping birds COULD be equity holders who were displeased by the Musk/Rive purchase of $100 million of the $124 million in SCTY 18 month notes.
IF either were part of the reason for today's decline it may take the market several days to sort out.
TSLA is in very oversold conditions currently.
It seems that the last week's slide that is continuing today is coincident with availability of shares to borrow for shorting. Today there is 224,313 shares available to borrow from Fidelity, and estimated annual interest rate is down from above 20% several weeks ago - to 13% today.
And now Short is strong again and SP is at $215.38... What should we do?
Well, in the course of today shares available to borrow for shorting at Fidelity went down from 224,313 at 10:00am to 181,416 now, a 42,897 drop. Looks like there was significant shorting activity today.
Not yet. Wait for RSI below 30, which is safer entry point.
Already technically more oversold than its been in a very long time. Today looks like a DOJI and a test of long term support. There was zero news today to cause today's move.
NO, historically RSI < 30 is the safe entry point which almost guarantee you make profit in next a couple of months or so. The scary part of today is big drop without news, you never know sth. bad could have happened.
I get your negative viewpoint. However, do you agree that there is a finite possibility that production has grown by leaps and bounds, and as a result you get to hear the rumors about promotions?a 0.2k/week production increase is only 2% of what is needed for the 500k/year production goal next year. But 0.2k/week lack of natural demand represents 10% of the current situation. I would say it carries a lot more weight in the short term.
NO, historically RSI < 30 is the safe entry point which almost guarantee you make profit in next a couple of months or so. The scary part of today is big drop without news, you never know sth. bad could have happened.
Could have. But how likely is it that something has been detected by the general market, but apparently undetected by anyone on TMC.The scary part of today is big drop without news, you never know sth. bad could have happened.
Oh yes most def. Production capacity certainly increased a lot this year compared to last year. Just like last year compared to the year before last year. I also think their COGS decreased as a result and they can bear with some unprecedented promotions/discounts they are running without hurting GM that much. Nevertheless, I do think natural demand didn't increase enough, or relatively capped, before the increase in production capacity. So they need to run the promotion/discount to turn the excess production capacity into revenue. Not as lucrative as without the discounts, but additional revenue.I get your negative viewpoint. However, do you agree that there is a finite possibility that production has grown by leaps and bounds, and as a result you get to hear the rumors about promotions you hear?