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

[Unpilot]

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.

Slight overreaction IMHO.

 

[Curt Renz]

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.

Indeed. And for those still fretting, if TSLA closes today where it is right now, it would be the second highest close ever.

 

[Tyler34]

F'ing IB is having issues calculating account value so when I tried to sell some deep ITM calls and then buy ones further out its telling me I need initial margin of 3.5million to buy a single 50k call. What in the actual F.

 

[NicoV]

About S/X refesh, 1 bit of anecdotal data: I filled in the tradein form for my Model S just when the production stopped, figuring that waiting until the refresh was official would result in a lower quote. So far no response yet. The previous time I did this I got a quote in a couple of days. I think they’re waiting for the refresh to be public to respond with a lower quote.

 

[S3XY]

Basically a year for a new set (4 or 5 per set) from new design. Copy dies with minimal or minor design improvements from the original set can be done a bit quicker as there’s less time required for validations along the various stages of development and build. This is for A class panel die sets.

Stamping machines? If you mean press lines for the dies that make the body panels, that is also a year from order to up and running for a new press line. If a used press line can be found, then maybe 6 months or so to dismantle, ship and reassemble.

If you mean casting machines, I’ve not a clue since Tesla is creating something that’s never been done before. A year for those seems about right, maybe less time if they’re making copies with minor/minimal changes per iteration of casting machine.

Sorry, I meant the die portion of the stamping machine since that could not be started until the panel designs are finished.

 

[TheTalkingMule]

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.

This belongs in the Energy forum, but I'll address it here since we want 90% of conversation in one thread. I'm sure your post will get plenty of disagrees from the more conservative and libertarian crowd. Hell, Elon would probably give it a thumbs down. The wonderful thing you have to remember is these far left plans are very easily scooted to the center/right within the various legislatures to create an even more robust and effective solution.

We think back to Obama trying to reconcile healthcare with the House and Senate. It was a hot mess because moving it in a more conservative direction eroded the very all-encompassing nature that made Obamacare so logical and potentially effective(please don't comment on this).

With energy policy, the opposite is true. Germany had BY FAR the most effective early transition to renewables, and it was based on socialist concepts with purely capitalist/libertarian principles layered on top for execution. A similar hybrid plan is what we require and you need to remember we're only at the socialist fantasy part today. Market-based execution needs to be(and almost certainly will be) the goal of reconciliation in the legislature.

Sustainable abundance based on renewable energy plus storage allows for market-based win-win-win situations that cost less than the status quo AND have their impact far faster than the original ultraliberal dream solution.

In short......RELAX y'all!

 

[SOULPEDL]

Check the y-axis.

That's my original point. Same exact pattern, different volume? I literally superimposed these charts in ppt, they are identical in shape. So it appears they are not updated hourly (we knew that) but the scale is however. Amusing at least.

 

[Causalien]

Slight overreaction IMHO.

I was sure that a while ago, we were about to pitchfork the tech giants to break them up. USA sentiments on any issue flip flop so fast, I don't know what's going on anymore.

 

[Prunesquallor]

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

Yes, you get charged interest every month and your margin debit will increase.

 

[GrandEnigma]

I was sure that a while ago, we were about to pitchfork the tech giants to break them up. USA sentiments on any issue flip flop so fast, I don't know what's going on anymore.

Big tech went from the big evil of society to the saviors of humanity overnight. The good news is all of us TSLA holders are used to volatility

 

[Phobi]

Yes, you get charged interest every month and your margin debit will increase.

Quick add on question, If I can payback what I borrowed on margin before settlement date, do I still incur interest? Just trying to see if I can “borrow” on margin as it’s faster then money getting transferred from my bank account (takes me 3 days due to FX). Thanks!

 

[StealthP3D]

How did you find or deduce this information?

5 minutes sounded kinda slow to me since I know aluminum engine blocks are pressure cast much more quickly so I used this amazing search engine called "Google".

Giga Press are a series of aluminium die casting machines manufactured by Idra Group in Italy. They are notable for being the largest high-pressure die casting machines in the world, with a clamping force of 55,000 to 61,000 kilonewtons (5,600 to 6,200 tf). Initial usage of a customised OL 6100 CS Giga Press was started by Tesla, Inc. in late-2020 with production of the Tesla Model Y electric car rear chassis, at the Tesla Factory in Fremont, California.

Base specification OL 5500 CS and OL 6200 CS Giga Press machines had been included in Idra's catalogue since 2018. Each machine weighs 410–430 tonnes (900,000–950,000 lb).

Shots of molten aluminium weighing 80 kilograms (180 lb) are injected into the cold-chamber casting mold with a velocity of 10 metres per second (22 mph; 36 km/h). The cycle time is ~80‒90 seconds, allowing an output rate of 40‒45 completed castings per hour, or ~1,000 castings per day.

Giga Press — Wikipedia Republished // WIKI 2

 

[M|S|M MYP]

Elon...5 min ago...

 

[LN1_Casey]

Elon...5 min ago...

View attachment 626746

This combined with Vincent's tweet.... Hm, could be coincidence.

And yet.

 

[DutchDriver]

Do we see the 7xx again today or this week? I think we do

 

[MTL_HABS1909]

Doesn’t seem to be much support right now.

 

[Rarity]

5 minutes sounded kinda slow to me since I know aluminum engine blocks are pressure cast much more quickly so I used this amazing search engine called "Google".

Giga Press — Wikipedia Republished // WIKI 2

Solid. Thank you!

 

[MTL_HABS1909]

I'm probably over reacting, but I'm ok with that. He replied to a parody post by the Babylon Bee that read "Evil Fascist Dictator Censored and Voted out of Office" -- pretty good so far

Elon replied "A lot of people are going to be super unhappy with West Coast high tech as the de facto arbiter of free speech"

He is right of course. It is not the forum to discuss his intent or my interpretation. Suffice it to say, I believe I'm leaving millions of dollars on the table, but I have plenty of money to fund a long and pleasant retirement. I'm lucky to be able to take a stupid moral decision. On the bright side, the stock fell another $14 since I made my decision.

I am signing out for a while now, browser notification going down! Good luck and don't do what I do or what I say, follow your heart and you'll be ok.

Cancel culture at it’s finest!

 

[M|S|M MYP]

Man...one red day and everyone loses their s**t....I have a feeling $TSLA will be ok....

 

[Drumheller]

If a Model S / X refresh is big news, maybe tesla will wait until after hours before releasing the news.