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

[LN1_Casey]

This was the last thing I wanted to see just now lol...I’ve been perfectly content with accumulating shares (2-3 a month) for the last little while, but the price action today makes me want to make the same move into the dark side...sigh. Give me strength Elon lol

I have just barely started to use margin myself. Mostly so I could sell naked puts (I greatly enjoy getting paid to buy TSLA), but yeah, this price action is too good to let up.

I kept it low, since I have no experience with interest on margin, and I plan on selling these shares later in the week for a small profit. Turn those into real shares to HODL.

PS: come to the dark side.

 

[chudiddy]

Dipped into margin for the first time to get some of this dip. 10 shiny new shares.

So by dipping into margin, you get charged interest on the amount you used right? Forgive me as I am new to trading and not too familiar with margin. What is the rate and how often do you get charged interest? TIA

 

[Speedr117]

So by dipping into margin, you get charged interest on the amount you used right? Forgive me as I am new to trading and not too familiar with margin. What is the rate and how often do you get charged interest? TIA

The scary thing for me would be if you dip into margin to catch a falling knife, then you get margin called because of the dropping price. Not investing advice, blah blah blah...

 

[cusetownusa]

I've just sold ~2000 shares of Tesla today. I believe our country was on the brink of destruction. Elon's support of free speech, which justified the killing of 5 people and the execution of VP Pence and Nancy Pelosi ends 8 great years as a Tesla share holder. I still have covered calls I need to hold and will allow those to exercise.
I likely cost myself $50,000 to $100,000 today and millions in additional profits. I love my country.

My last post will likely be deleted. Good luck and godspeed to you all. I pray for our country and those who have died to protect it and I pray it survives the coming days.

Did I miss something?

 

[LN1_Casey]

So by dipping into margin, you get charged interest on the amount you used right? Forgive me as I am new to trading and not too familiar with margin. What is the rate and how often do you get charged interest? TIA

From what I understand, yes. When you buy shares on margin, you're charged interest on the amount you are using, just like any loan.

However, you can also use margin for selling puts, and that you only get charged interest if the shares are assigned. So the sell price you get to pocket without interest at all.

I made a KISS options thread in the main forum where I try to break down the option world (may have to search for it). I think it's a good start to understanding options, but it doesn't cover everything. There are a lot of youtube videos out there that also explain terms, like the Greeks.

 

[JohnnyEnglish]

Yeah, but only if the line was starting empty. If they tested each station, the pipeline should be full of good work in progress.

Tried to find some info on the length of time it takes to make a car and Toyota state it is around 18 hours, so @MP3Mike is correct from that perspective. However I would expect the testing that @mongo refers to and this should shorten the time to complete the first cars. I will try to be patient and wait to later this week. Perhaps there will be some leaks (or even an official statement) soon

 

[chudiddy]

From what I understand, yes. When you buy shares on margin, you're charged interest on the amount you are using, just like any loan.

However, you can also use margin for selling puts, and that you only get charged interest if the shares are assigned. So the sell price you get to pocket without interest at all.

I made a KISS options thread in the main forum where I try to break down the option world (may have to search for it). I think it's a good start to understanding options, but it doesn't cover everything. There are a lot of youtube videos out there that also explain terms, like the Greeks.

I used TD and also used $10k margin to buy the dip. If i calculate right, the interest rate is 9.5% so 10000 x .095 /360 = 2.63 daily interest. Is that right?

 

[lafrisbee]

where's the squeeze?

 

[Big Time]

Ooof. Tough to watch the ticker today. Hoping for some good news out of somewhere before market close. Oh well. Still above Friday’s open I believe.

 

[LN1_Casey]

I used TD and also used $10k margin to buy the dip. If i calculate right, the interest rate is 9.5% so 10000 x .095 /360 = 2.63 daily interest. Is that right?

I also have TDA, and I have no idea. Hahah, that's why I only bought 10 shares, and plan on selling once the SP reaches $900, or above $830 by the close of the week. Allows me to test the actual, daily interest rate of margin use in a simple way I can understand. And if the SP doesn't go above $830 this week, then onto the next, with possible earnings and that run up, to catch the $900 then.

 

[Mengy]

I've just sold ~2000 shares of Tesla today. I believe our country was on the brink of destruction. Elon's support of free speech, which justified the killing of 5 people and the execution of VP Pence and Nancy Pelosi ends 8 great years as a Tesla share holder. I still have covered calls I need to hold and will allow those to exercise.
I likely cost myself $50,000 to $100,000 today and millions in additional profits. I love my country.

My last post will likely be deleted. Good luck and godspeed to you all. I pray for our country and those who have died to protect it and I pray it survives the coming days.

That's one heck of a tax bill!!!!!

 

[chudiddy]

I also have TDA, and I have no idea. Hahah, that's why I only bought 10 shares, and plan on selling once the SP reaches $900, or above $830 by the close of the week. Allows me to test the actual, daily interest rate of margin use in a simple way I can understand. And if the SP doesn't go above $830 this week, then onto the next, with possible earnings and that run up, to catch the $900 then.

Haha, we did the exact same thing!!!

 

[Chocochip]

I've just sold ~2000 shares of Tesla today. I believe our country was on the brink of destruction. Elon's support of free speech, which justified the killing of 5 people and the execution of VP Pence and Nancy Pelosi ends 8 great years as a Tesla share holder. I still have covered calls I need to hold and will allow those to exercise.
I likely cost myself $50,000 to $100,000 today and millions in additional profits. I love my country.

My last post will likely be deleted. Good luck and godspeed to you all. I pray for our country and those who have died to protect it and I pray it survives the coming days.

Just curious: is it about this?

 

[jhm]

I bought a few shares at $830. I think it is healthy for the share price to consolidate at a couple of price points before heading to new ATH territory.

So I'm back into accumulation mode. Hold to $1T.

$1T is just a checkpoint. I think that big funds will continue to accumulate Tesla up to a neighborhood of a trillion market cap, or about $1044/share.

Through much of 2020 I was diversifying into other high growth potential stocks. I think this part of my portfolio is built up enough to grow itself. It very well could out-perform Tesla for the next year or two. So I'll give Tesla the chance to compete without shaving off little gains.

I do think Tesla will hit $1T in a year or two. It only needs to grow about 27% from $825/share. Best of luck HODLing to $1T.

 

[Johan]

I've just sold ~2000 shares of Tesla today. I believe our country was on the brink of destruction. Elon's support of free speech, which justified the killing of 5 people and the execution of VP Pence and Nancy Pelosi ends 8 great years as a Tesla share holder. I still have covered calls I need to hold and will allow those to exercise.
I likely cost myself $50,000 to $100,000 today and millions in additional profits. I love my country.

My last post will likely be deleted. Good luck and godspeed to you all. I pray for our country and those who have died to protect it and I pray it survives the coming days.

Elon was always slightly autistic. I think he's got his heart in the right place. Don't overreact - he's quite good at technology development, first principles thinking, problem solving, and running companies.

 

[Curt Renz]

HuffPost - yesterday: NYC Mayoral Front-Runner, Embracing Climate Activists' Demands, Vows To Ban Fossil Fuels | HuffPost

Excerpt:

Scott Stringer, an early front-runner for New York City mayor, pledged to completely phase out fossil fuels, drive private utility companies out of the nation’s largest metropolis, and “electrify everything” in a near total embrace of climate activists’ demands ahead of this year’s election.

 

[ZsoZso]

How come no one is bragging on how many yearly income they lost this morning. It was a record for me

The way I look at it is that I have not actually lost anything today just as I have not gained anything last week, because I did not make any trades on my TSLA, so I still have the same number of shares as I finished last year. These theoretical losses and gains only become real when you close your position. In the same logic, claiming that Elon is the richest man is misleading too. If he were to try to cash out, that transaction would make the SP plummet so he would only get a fraction of this theoretical value realized.

 

[Rarity]

I'm pretty sure they have the giga-casting process down to a little under 2 minutes. Aluminum engine blocks take about two minutes and they have more thickness.

How did you find or deduce this information?

 

[Todd Burch]

I've just sold ~2000 shares of Tesla today. I believe our country was on the brink of destruction. Elon's support of free speech, which justified the killing of 5 people and the execution of VP Pence and Nancy Pelosi ends 8 great years as a Tesla share holder. I still have covered calls I need to hold and will allow those to exercise.
I likely cost myself $50,000 to $100,000 today and millions in additional profits. I love my country.

My last post will likely be deleted. Good luck and godspeed to you all. I pray for our country and those who have died to protect it and I pray it survives the coming days.

I mean, I love my country too. I fought for it and have friends that died for it...but selling all your Tesla because Elon supports free speech? (Not even sure what you're referring to that is controversial). Not sure I understand the reasoning here. You are of course free to do whatever you wish, but something tells me you will regret this decision.

 

[TheTalkingMule]

I've just sold ~2000 shares of Tesla today. I believe our country was on the brink of destruction. Elon's support of free speech, which justified the killing of 5 people and the execution of VP Pence and Nancy Pelosi ends 8 great years as a Tesla share holder. I still have covered calls I need to hold and will allow those to exercise.
I likely cost myself $50,000 to $100,000 today and millions in additional profits. I love my country.

My last post will likely be deleted. Good luck and godspeed to you all. I pray for our country and those who have died to protect it and I pray it survives the coming days.

Can someone translate this for me? I can't even tell which extreme this is coming from.