Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[Spacep0d]

As a renewable energy advocate in 2020, I'm certainly more in favor of a Texas style policy than California. However we didn't get to 2020 on the back of Texas tax policy, we got here from leveraging German socialist policies and whatever the hell we're calling California policies these days. How much money did California give Tesla? How much of an impact did their (yes ridiculous) tax policy have on Tesla growth when we were right on the edge of bankruptcy?

As sustainable energy/economy advocates, we can't simply say "moving makes sense" because it's advantageous to Elon/Tesla. Gotta give some credit to the ecosystem that allowed Tesla to get here.

I happily grant this point, but what was beneficial to Tesla in their infancy (bleeding-edge EV adoption) is not necessarily an ideal environment for Tesla today. What starts out as egalitarian can quickly become oppressive. This is a well-known trend and affects far more than Tesla.

California birthed Silicon Valley, a place where one could 'think different' and where Google reminded us, 'Don't be evil.'.

Now thinking differently (even if you're correct) gets you canceled. Just ask James Damore.

 

[M|S|M MYP]

View attachment 615312

Cheers Longfellows!

I like the way you roll!

 

[Congo Line]

NYS still has stupid laws restricting Tesla from opening more Sales locations which is extremely frustrating. The closest Tesla Sales Center is over 4 hrs from me each way.

As far as Texas is concerned, how will the rule against direct sales work once the Texas factory starts spitting out cars? Would look extremely stupid if they are forced to ship the cars out of State for people within the State to go purchase to bring back into the State.

At some point, legacy automakers will start to go bankrupt or dwindle to nothing as they continue to lose market share. Same will happen to their stealerships which support these restrictions on direct sales. Can’t happen soon enough.

Cybertruck, which will take a major bite out of their profitable models, will probably be the catalyst for their final dying gasps.

 

[corduroy]

IV is building back up nicely.

 

[MABMAB]

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Cheers Longfellows!

You need some fruit in that!

 

[TheTalkingMule]

On days like these I feel compassion for all those poor market makers selling what they don't own...

Not a bit.

The big question now becomes.....do they wanna start playing games again Wed/Thurs? Do you expend financial effort trying to cap and protect options for this week just to pay thru the nose Monday?

Probably. I'll be buying calls like crazy if we end this week below $600.

 

[JustMe]

NYS still has stupid laws restricting Tesla from opening more Sales locations which is extremely frustrating. The closest Tesla Sales Center is over 4 hrs from me each way.

As far as Texas is concerned, how will the rule against direct sales work once the Texas factory starts spitting out cars? Would look extremely stupid if they are forced to ship the cars out of State for people within the State to go purchase to bring back into the State.

This is a bloody good point!

Restrictions on Tesla service centers are infuriating. It’s unbelievable that Tesla is banned from operating service centers in several states. Fortunately that doesn’t seem to be an issue in Texas.

 

[FrankSG]

Web / TWS / Mobile all probably use different authentication methods and servers - so it's all a toss up.
I like the mobile version to watch/ keep track - you could trade really easily too, but I've never tried it.
IBKR has always been reliable compared to Schwab etc., so this is a first. IMHO they're surely going to fix this big time.
These days it's a jungle out there, they could have been hit by worse than a DDS, ransomware sounds right..

PS. To clarify: using a VPN makes it appear like you are physically where the node you choose is located, in addition to the security tunneling etc. Since the NY node is up, it means the IBKR servers in NY are up, so if you connect to IBKR via a VPN and choose NY as the location, you should be able to log in and trade.

More and more coming online for me. TSLA stock price in TWS is now updating every second in real-time.

Still no chart/volume, and options positions are only updated once every few minutes.

 

[Chunky Jr.]

If Tesla keeps going like this my wife and I are going to book a cruise to Antarctica.

If it keeps going like this you can buy Antartica

 

[lafrisbee]

So last night I was bored. I watched a TA youtube video. The "analyst" believes in looking at the charts in time segments. The time segments looked the same as before, But this time for all three charts he made hilly lines going over $700 ... then on to $800."
No real reason. Just what the time duration lines told him.

 

[Big Time]

Well where are we headed ladies and gentlemen?
650 is rapidly approaching. Once we hit +5% all the notifications on people’s phones will go off and trigger more and more?
I’ll do preemptive spank to keep the trending upwards.(spank)

 

[lafrisbee]

FUD
Supply issues TSLA Investors distraught.
(This is THE FINANCIAL TIMES!)
Subscribe to read | Financial Times

OK OK...it is an actual article about Tesla being unable to supply purchasers with short shorts 5 months after being ordered.


"While the delay has left customers frustrated, that pales next to the pain suffered this year by those who have continued to bet against Tesla’s stock. The group’s shares have soared more than sixfold, taking its market capitalisation to $562bn and vaulting it into the S&P 500 this month."

 

[Dancing Lemur]

I assume you mean you will liquidate some and exercise some? I am in a similar situation with lots of Jan DDITM options (360-420) and wonder what your strategy will be. Sell higher and exercise lower or vice versa? It would seem exercising the lower would be the way to go, but I don't know.

Yes, I’d exercise some. I’ll probably base it on time in the position, but my gains are almost always short term in that account, so the tax man’s gonna get paid either way.

 

[woodisgood]

I assume you mean you will liquidate some and exercise some? I am in a similar situation with lots of Jan DDITM options (360-420) and wonder what your strategy will be. Sell higher and exercise lower or vice versa? It would seem exercising the lower would be the way to go, but I don't know.

You weren’t asking me, but I’m keeping my 285c (lowest DITM) to exercise on 12/18 (total cost basis would be 336/sh), rolling higher low strikes (380ish) to slightly higher strikes on 12/24 and 12/31 (450ish).

 

[BornToFly]

The 100 700 strike Jan 2022 covered calls I sold at the end of July for just over $500k are now worth 1.5M. If we close at 1,000 in Jan 2022 those calls will have cost me $3M (selling shares at 700 instead of 1000). However, selling those calls allowed me to pull the trigger on retirement, so I don't regret selling them at all. I don't think many predicted today's SP back in July.

 

[JRP3]

The closest Tesla Sales Center is over 4 hrs from me each way.

Isn't there one in Henrietta? Henrietta | Tesla

 

[dhrivnak]

If Tesla keeps going like this my wife and I are going to book a cruise to Antarctica.

I think it would be fun if we could get a dozen people (or more) from TMC to go along.

I have met quite a few Tesla fans and they are more interesting than the general public.

It would be a great once in a lifetime adventure with great people and a reward for spending all these years watching the fud and holding Tesla.

Just thought I would plant the idea and see if anyone else thinks it's a serious interesting idea.

And unfortunately such a trip would add tons of CO2, helping insure future generations can not take advantage of such a trip. The main reason I got my Tesla was to reduce our CO2 footprint not add to it.

 

[KMCC]

Would have more luck with a cruise to Iceland if you want a group from here to join

Iceland sounds good
I just thought of Antarctica because I never dreamed I could go there until Tesla started making it a possibility.

 

[Artful Dodger]

The weight that your are talking about is never fixed.

Quoted from pg 15 S&P 500 "Equity Indices Policies & Practices Methodology"

• A share/IWF freeze period is implemented during each quarterly rebalancing
• The freeze period begins after the market close on the Tuesday prior to the second Friday of each rebalancing month
• Pro-forma files are normally released after the market close on the second Friday, one week prior to the rebalancing effective date
• During the share/IWF freeze period, shares and IWFs are not changed except for mandatory corporate action events

Note: IWF = "Investable Weight Factor"

Btw, the freeze period starts after Close tomorrow (Tue b4 2nd Fri)

h/t @mongo

 

[JBRR]

https://twitter.com/EuroEVReport/status/1335966960551669761?s=20