T3slaTulips
Member
Maybe not built in, but many of them may be covered by video surveillance of surrounding facilities. e.g. the Grand Rapids Michigan SuperCharger is well within view of the parking lot cameras for the Meijer grocery store.
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I'm pretty impressed with TSLA holding 195 so far this afternoon. Between 1:03 and 1:05 pm, 30,000 shares were sold and although TSLA took a dip, it bounced right back. We'll likely see another test before the day is done. If it holds, I will be thoroughly impressed with the trading, considering the mischief certain parties can cause when the volume is low.
Edit: Looks like we see a downward slope starting at about 2:10pm. The volume is just so low right now that the SP can be led up or down by a determined party. This is no surprise
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"
1.1. Grant of Security Interests .
(a) As security for the prompt and complete payment and performance when due of all of its Obligations, each Assignor does hereby pledge and grant to the Collateral Agent, for the benefit of the Secured Creditors, a continuing security interest in all of the right, title and interest of such Assignor in, to and under all of the following personal property (and all rights therein) of such Assignor, or in which or to which such Assignor has any rights, in each case whether now existing or hereafter from time to time acquired:
(i) each and every Account (and all rights to receive payments, indebtedness and other obligations (whether constituting an Account, Chattel Paper (including Electronic Chattel Paper), Instrument, Document or General Intangible) to the extent related to any Account);
(ii) all cash and Money arising from an Account;
(iii) the Cash Collateral Account and all monies, securities, Instruments and other investments deposited or required to be deposited in the Cash Collateral Account;
(iv) all (x) Deposit Accounts, collection accounts, disbursement accounts and lock boxes and all cash, Money, checks, other negotiable instruments, funds and other evidences of payments held therein or credited thereto, (y) Securities Accounts and Security Entitlements and Securities credited thereto, and all cash, Money, checks, marketable securities, Financial Assets and other property held therein or credited thereto, and (z) commodity accounts and all cash, Money, marketable securities, Financial Assets and other property held therein or credited thereto; in each case to the extent (i) holding Designated Cash, (ii) subject to a Cash Management Control Agreement or (iii) otherwise subject to a control agreement in form and substance reasonably satisfactory to the Administrative Agent giving the Collateral Agent “control” (within the meaning of the UCC).
(v) all Promissory Notes relating to any Account;
(vi) all Equipment set forth on Annex E as such Annex may be amended, restated, modified or otherwise supplemented from time to time;
(vii) all Inventory;
(viii) all Payment Intangibles relating to any Account;
(ix) to the extent relating to, evidencing or governing any of the items referred to in preceding clauses (i) through (viii), all Permits, Documents, General Intangibles (excluding all Intellectual Property Rights and contracts related thereto), Chattel Paper, Instruments, Letter-of-Credit Rights, related letters of credit, guarantees and collateral liens, documents of title, customs receipts, insurance, shipping and other documents and other materials related to the foregoing (including to the purchase or import of any Inventory);
(x) to the extent relating to, evidencing or governing any of the items referred to in the preceding clauses (i) through (ix), all Supporting Obligations;
(xi) all books and records relating to the items referred to in the preceding clauses (i) through (x) (including all books, databases, customer lists, and records, whether tangible or electronic, which contain any information relating to any of the items referred to in the preceding clauses (i) through (x)); and
(xii) all substitutions, replacements accessions, Proceeds and products of any and all of the foregoing, including collateral security and guarantees with respect to any of the foregoing and all cash, Money, insurance proceeds, Instruments, Securities, Financial Assets, income, royalties, payments, licensing, damages and Deposit Accounts constituting Proceeds of the foregoing (all of the above described in the preceding clauses (i) through (xii), the “ Collateral ”).
Expect some resistance right here around 195 based on the weekly chart convergence of 1) 200 Week SMA 2) 10 Week SMA just above the 200 week SMA 3) down sloping trendline starting from the week of 8/1/2016. Monthly chart currently showing a nice hammer candlestick off the lower Bollinger band.
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I agree with your points, but you have to admit Tesla could be a bit more forthcoming about hitting their internal milestones on the M3 program.
I think, since "pencils down" it's mostly been radio silence on sg that is vital to the company's future. Sure, they say they are on track and I get the need for secrecy on unannounced features, but a few tweets or short PRs about hitting the milestones could reassure investors.
Jonathan Hewitt
Active Member
This is actually pretty positive for SA. A lot of bears assumed the SCTY deal was going to offer "negative value" to TSLA.
Yeah, actually, I think any bank would. The text of that is designed to allow the assignor to *continue operating* the factories. Since they're rather specialized operations, they're worth more if the existing tenant continues to operate them; it makes for a perfectly reasonable condition. If a bank decided that an operating car factory was worthless and valuable only as empty land for sale to someone else, *then* they wouldn't make a mortgage loan.
I did say that 2019 will require some refinancing.
I believe Tesla's situation will be a lot clearer in 2019, and I would not be surprised to see an equity raise in 2019 -- but with Model 3 in mass production for a year and SolarCity cleaned up, I would expect that equity raise to be at a much higher stock price than today.
Musk said he wouldn't need to raise money to complete the Model 3 rollout, or to complete the Solarcity Buffalo factory product rollout. I believe him, and if he's slightly wrong, I'm pretty sure he can finance the gap personally.
This certainly doesn't mean he won't need to raise money in 2019, which is after both of those events.
There is so much pessimism on TSLA, although rightfully so, tweets or PR releases about hitting internal milestones will likely get a cold response. A better way to show that they are on-track is the actual reveal. Elon has promised one in 3 to 4 months, that is the end of March or early April next year. If that reveal indeed demonstrate the spaceship-like interior that Elon promised, expect the SP to go much higher, beyond $300+.
Patrick0101
Member
Does anyone here know what becomes of fractional shares in the SCTY buyout? In the deal, each SCTY share was with 11% of a TSLA share. So unless you had a multiple of 100 shares, you are going to have a fractional share of TSLA (I did).
For other stock that I've owned, when things like this happen, the fractional shares are paid out as cash. But I don't see that this time. The transactions were just yesterday, so maybe it is coming. Anyone know where this detail of the transaction is documented?
For other stock that I've owned, when things like this happen, the fractional shares are paid out as cash. But I don't see that this time. The transactions were just yesterday, so maybe it is coming. Anyone know where this detail of the transaction is documented?
dennis
Model S Plaid
Given Tesla's big need for cash to fund growth, why are they using cash to fund direct leases? Couldn't they do everything with banking partners?
jgillispie
Member
Same thing here; cashed out. Pretty sure it's been most of the discussion the last couple days.
They're trying to. Apparently they weren't finding banking partners fast enough to match their expansion.
It could have. But I doubt that few tweets would cut it. I suspect that they internally came to a conclusion that anything except reveal everything will not cut it in the current environment, and they just can't do it, as they need to continue selling MS/MX in increasing quantities and revealing any additional features/improvements which likely to be utilized not only in M3 but MS/MX as well is a potentially net negative to the current and pre-M3 MS/MX sales.
We are all frustrated because of SP being seemingly divorced from reality, but IMO they are looking at this from the point of view of operating the company, SP is likely a consideration, but secondary.
mmd
Active Member
Adam Jonas was the best analyst till he kept pumping out stratospheric price targets for raising new capital, based on non-existent businesses. Now, he is the worst for putting out realistic targets. The guy has to keep his job at MS 
He can't keep doing what he was doing last year. Or he will be let go, like Andrea James.
Morgan Stanley Massively Hikes Price Target on Tesla, Says Stock Could Almost Double
His Model 3 targets are very realistic. Most likely, Tesla's COGS won't allow it to make a $35k Model 3 next year. If Model 3 doesn't come out by 2018, it won't see the $7500 tax credit. Model 3 buyers will probably buy a Model S or some other car by then.
It's interesting to recap the comments from the frequent posters here in early April. There were some hyping up 1 million deposits for M3. The deposits could only grow exponentially. Oh, the hair dressers, the restaurant waiters, everyone selling an M3 to 100 other customers
He can't keep doing what he was doing last year. Or he will be let go, like Andrea James.Morgan Stanley Massively Hikes Price Target on Tesla, Says Stock Could Almost Double
His Model 3 targets are very realistic. Most likely, Tesla's COGS won't allow it to make a $35k Model 3 next year. If Model 3 doesn't come out by 2018, it won't see the $7500 tax credit. Model 3 buyers will probably buy a Model S or some other car by then.
It's interesting to recap the comments from the frequent posters here in early April. There were some hyping up 1 million deposits for M3. The deposits could only grow exponentially. Oh, the hair dressers, the restaurant waiters, everyone selling an M3 to 100 other customers
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Where on Earth do you get that idea from? Reasoning by analogy?
The entire design for Model 3 is based around "hit the $35K price", including the construction of an entire Gigafactory to cut battery prices and the automation of production lines to cut the rest of the costs.
Now, are they going to have a low profit margin at first? Yeah, probably. Will they be producing the car for less than $35K? I'm really quite sure of it. The entire company has been focused around this single mission for years now, and it's not particularly difficult given where they are already.
It may depend on your broker, and if they normally deal in fractional shares. For my shares at Pershing they cashed out the fractional TSLA shares at the same time they did the conversion. For my shares at Capital One Investing, who deals a lot in fractional shares, so far they have just converted the shares and left the fractional shares in my account. (Though there is no saying that they can't cash them out later, they haven't finished updating the cost basis yet either.)
The feds just gave batteries and rooftop solar panels access to big-time energy markets -
Distributed energy will be able to play in wholesale energy markets. That’s a big deal.
Given the state of US politics, it’s safe to say that very few people are paying attention to the Federal Energy Regulatory Commission (FERC) right now — even fewer than usual, I mean.
However, in its quiet and nerdy way, FERC just did something that could help drive a paradigm shift in US energy markets, making them cleaner, smarter, more flexible, and more resilient. In short, the agency proposes to give distributed energy resources (DERs) — batteries, solar panels, smart energy-management software — access to markets where they can compete directly with big power plants. That could open up huge new sources of investment, enabling DER markets to scale up quickly.
"Zero value" indeed.
Distributed energy will be able to play in wholesale energy markets. That’s a big deal.
Given the state of US politics, it’s safe to say that very few people are paying attention to the Federal Energy Regulatory Commission (FERC) right now — even fewer than usual, I mean.
However, in its quiet and nerdy way, FERC just did something that could help drive a paradigm shift in US energy markets, making them cleaner, smarter, more flexible, and more resilient. In short, the agency proposes to give distributed energy resources (DERs) — batteries, solar panels, smart energy-management software — access to markets where they can compete directly with big power plants. That could open up huge new sources of investment, enabling DER markets to scale up quickly.
"Zero value" indeed.
JRP3
Hyperactive Member
Since they've already stated that the first run of Model 3 will be higher end highly optioned models they don't need to make a $35K Model 3 next year.
An Open Letter to the Tesla Saboteurs
great read for the holidays.
great read for the holidays.
I was super fortunate/lucky with SCTY. I first bought in at $77 but managed to buy at the dips and sell at the peaks on the way down to $20, so I ended up about 1% green after 2.5 years. My timing was actually spectacular but I was only buying and selling ~25% of my holdings. So my TSLA average didn't change more than mouse nuts.[/QUOTE]
really would like to know. I have 1.61 fractional shares in 3 accounts and no answers yet from Schwab
really would like to know. I have 1.61 fractional shares in 3 accounts and no answers yet from Schwab
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