It has fallen to this level from m3 hype high of $265 around April 6th. Miserable performance indeed!
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It has fallen to this level from m3 hype high of $265 around April 6th. Miserable performance indeed!
3Victoria
Active Member
Its down $0.75 at the moment and obviously is being pushed. So much hand wringing! It will go back up. The shorts and FUDmeisters are making hay.
Many places - check out the Solarcity filings for the definitive story. Here's an article:
Tesla’s Elon Musk Buying Over Half of SolarCity Bond Offer
MitchJi
Trying to learn kindness, patience & forgiveness
You could both be partially correct.
Do you believe that WS is correct? Maybe its a short term bet, that waiting will net an even better price, which I think is the only way you can lose.
And how is any of that relevant or important?
racer26
Active Member
Certainly, performance on average since April is bad. But if you were investing for the period of April to now, I'd be asking you why. The real performance comes with M3 delivered in quantity, and so you should be expecting to hold until then.
Do you not think it will return toward M3 hype levels on reveal part deux? Remember, Elon said that Tesla didn't expect this many pre-orders until then (they originally expected something like 100k preorders from part 1 and bump to 300-400k for part 2). Can we expect a bump then from 400k up to 1200-1600k? I don't know. Probably not that high, but I expect a bump just the same, perhaps to 800k-1000k.
To me this represents a fundamental misunderstanding of EM. It assumes that money is the mission rather than a means to an end. Frankly I don't view my TSLA investment as an entitlement to profits. Rather I am like a Remora and have to feed off of the scraps left by the shark as he goes on his mission. I'll admit this is contrary to the "ownership" concept of shareholders but we all know that EM would rather not deal with a public company. So as long as he calls the shots we must accept his shortcomings and qualities, certainly there are both. However, I would sell my TSLA if he were not the decision-maker.
It just goes to show that Musk is *extremely* bad at estimating when something can realistically be completed. He's not perfect.
racer26
Active Member
Makes some sense... SCTY is still at a ~14% discount to the merger ratio. Hopefully TSLA isn't on its way down to meet it.
anticitizen13.7
Not posting at TMC after 9/17/2018
ROFL, if praying to G-d is your investment strategy, you're already doomed.
MitchJi
Trying to learn kindness, patience & forgiveness
We already knew that he's not perfect.
But how is breing late with a blog post relevant to investors in Tesla or SCTY?
So as someone who is short, (sold calls and long puts) here is a thought on the focus on "short sellers" and price manipulation.
It is possible to be a fundamental investor and see a stock as overvalued the same as seeing a stock fundamentally undervalued. In the latter case you buy and in the former you sell. Might some very large participants want a short term price drop? sure. But it can also be the case that there are patient short sellers who just fundamentally believe the price should be much lower.
Given the actual events, investigations, "demand levers", SCTY and disclosures over the last 90 days it is plausible that some investors want to take advantage of the price going lower over 6, 12 or 18 months and that is not the same as price manipulation. Many who see the stock as overvalued have bought puts, at a substantial premium, and that can't be construed as manipulation. So perhaps instead of focusing on short selling and its affect on price action it makes more sense to ask what is the case for being a short seller? Not sure how watching number of shares available to borrow gives a retail investor any actionable information. FWIW
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