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

Discussion in 'TSLA Investor Discussions' started by AudubonB, Dec 28, 2018.

  1. JusRelax

    JusRelax Member

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    Your last name wouldn't happen to be Kirkhorn, would it?
     
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  2. StarFoxisDown!

    StarFoxisDown! Active Member

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    Pretty much what I expect to happen. If Bitcoin hits 66k, the could sell enough to recoup their initial investment. I would assume for every 50% in appreciation, they'll sell a bit to keep their bitcoin reserve in the 1.5-2 billion range
     
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  3. Tim S

    Tim S Supporting Member

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    Good point by AOC...

    "Gov. Abbott doesn’t seem to have a grasp on his state, so here’s a reminder: Texas runs 80-90% on fossil fuels."
     
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  4. adiggs

    adiggs Active Member

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    I'd assume that the bitcoin gets marked to market each quarter for the earnings report (as I would expect any liquid asset such as this, including share ownership in other companies for instance). If I'm right then bitcoin isn't something they've got up their sleeve to use when they want to. Instead it'll move the paper value of our company up and down to the degree that changes in bitcoin change the value of the bitcoin investment.

    And I'm pretty sure that those up and down moves in the bitcoin investment when marked to market go to the bottom line for GAAP accounting purposes (but I'm not an accountant or tax pro - I bet others here know one way or the other). I would expect those investment valuation impacts to be 0 on non-GAAP earnings.
     
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  5. EVMeister

    EVMeister Lover of Tesla

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    Less Texas talk, moar share buying. STONKS.
     
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  6. Prunesquallor

    Prunesquallor His cardinal virtue? An undamaged brain.

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    Agree. Especially if nefarious elements of the power generators turns out to be true and comes to light. The prevailing opinion will be that you can’t count on the state to provide services during times of emergency and one is on one’s own.
     
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  7. MP3Mike

    MP3Mike Well-Known Member

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    This has already been covered multiple times in this thread. GAAP rules are such that Bitcoin loses are recognized immediately, but gains can only be recognized/reported after the asset has been sold.
     
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  8. UnknownSoldier

    UnknownSoldier Unknown Member

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    The Battle of Gamestop really shed a lot of light on the dark shadows in the little seen darkest corners of Wall Street. Too bad our government is owned by the same hedge funds who abuse the market to their advantage. There's nothing fair or free about our free markets, unfortunately.
     
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  9. Curt Renz

    Curt Renz Well-Known Member

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    ARK CEO Cathie Wood on Tesla and others

    CNBC - hour ago:

     
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  10. lafrisbee

    lafrisbee Active Member

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    I posted a link to this on Reddit yesterday, and how having a Cybernitatruck will be the Hurricane shelter for those of us along the Atlantic and Gulf Coasts. Power was out at my home for 16 days in the 1990's. Since then I've had a couple of times over a week.
    The only thing we really have that is uncomfortable is a a non-humid cool area to sleep in at night.
    We don't really need connectivity. One of the reasons I married my wife was because of how much a trooper she was during the nights. We had some marathon "20 Question" contests. But trying to sleep on sticky warm sheets...
     
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  11. Chunky Jr.

    Chunky Jr. Supporting Member

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    Summary here... Cathie Wood says her confidence is growing in Tesla, Ark Invest has been adding to position — CNBC

    Cathie Wood said Ark Invest is still bullish on Tesla and continues to buy up shares of the electric carmaker.

    "Our confidence in Tesla has grown as we've done research on what ride sharing potentially could add. It could limit the risks significantly, it's a much more profitable business than electric vehicles," Wood told CNBC's Bob Pisani on ETF Edge on Wednesday. "Even though there is some debate at Tesla whether or not they should launch a human driven ride-hailing network, it would be a very good bridge we think to their autonomous strategy and we think they will decide to do that."
     
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  12. JohnnyEnglish

    JohnnyEnglish Member

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    • Funny x 2
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  13. Artful Dodger

    Artful Dodger "Ducimus, lit"

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    True, and yet Tesla has these three four chief weapons:
    • fear of moar "share dividends"
    • surprise P&D + "blow-out earnings"
    • ruthless efficiency and "cost cutting" in manufacturing
    • an almost fanatical dedication to "profitability"
    ... but nobody expected the BTC Aquisition! :eek:

    Cheers!
     
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  14. lafrisbee

    lafrisbee Active Member

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    Seriously, There has to be a reason for the SEC to. allow the trade to not be acknowledged in the public arena. If this can be done purley without reason then the Stock Market becomes questionable as to its honest and transparent.
    The SEC should be under investigation by the Justice Department. The Stock Market entities should be upset by what transpired between Buffet and the SEC. Favoritism at the least, which is unfair and unlawful. And this action weakens the foundation of the stock market.
     
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  15. Curt Renz

    Curt Renz Well-Known Member

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    #243455 Curt Renz, Feb 17, 2021
    Last edited: Feb 17, 2021
    TSLA's 50-day SMA (Simple Moving Average) has been supportive today. The share price bottomed just above there a couple of minutes after the opening, and is now $25 up from that SMA. I've found this to often be a good sign for TSLA (other stocks too). :cool:
     
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  16. charlesgres

    charlesgres Supporting Member

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    There are some subtleties to take into account, as explained by Meet Kevin here from about the 5'00 mark:


    In short:
    • If their BTC assets shrink below purchase price, they get to write off the loss as expenses, even if they didn't sell..
    • When they reverse this loss they get to book it as a profit again
    • Any gains above purchase price do not affect their profits, but are considered assets.. Profits only considered when they sell..
     
    • Informative x 6
  17. MikeQ

    MikeQ Member

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    Great information. Thanks!
     
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  18. Singuy

    Singuy Active Member

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    Can someone clarify? This was the running thought until some people here claims that you cannot claim profit on BTC until you sell EVEN if that "profit" comes from just BTC returning to the original purchase price.
     
  19. Prunesquallor

    Prunesquallor His cardinal virtue? An undamaged brain.

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    Texas largely relies on natural gas for power. It wasn’t ready for the extreme cold.
    Texas Tribune

    Texas is a gas state,” said Michael Webber, an energy resources professor at the University of Texas at Austin. While he said all of Texas’ energy sources share blame for the power crisis — at least one nuclear power plant has partially shut down, most notably — the natural gas industry is producing significantly less power than normal.

    “Gas is failing in the most spectacular fashion right now,” Webber said.
     
    • Informative x 10
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  20. StarFoxisDown!

    StarFoxisDown! Active Member

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    Honestly kinda surprised the bounce off the 50 day(at least close enough to the 50 day) happened today. The stock has completely decoupled from the nasdaq over the past hour with some consistent volume(at least decent volume for how volume has been overall in the past month).

    Curious to see if this is a head fake and there will be another attempt to push below the 50 day on Friday or if this is a legit bounce into the "buy zone".......(I hate those terms)
     
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