Agreed 100%. This just pours fuel on the fire for people who think tesla is not a serious company. I am strongly opposed to cryptocurrency, for energy-waste reasons, and object to tesla having any association whatsoever with it.
Ya don’t want Tesla to be bag holder for all things crypto
How much will they lose with the current pre market price of 595 ?
This suggests Zach has already made a speculative play with Doge and now trying to …..
I don't mind BTC. Doge coin is monopoly money in the crypto space.
| Consolidated Last Sale | $593.22 -35.82 (-5.69%) |
|---|---|
| Pre-Market Volume | 1,043,645 |
| Pre-Market High | $620.01 (04:00:00 AM) |
| Pre-Market Low | $582.28 (07:42:28 AM) |
.FUD everywhere. Reuters reporting Tesla looking to bail from China and stopping a land purchase....that they had never said they were interested in. Bloomberg reporting that Tesla sales are down month over month in China - no mention that the balance of production was exported or the production itself (40K).
And of course we have the leftover stories from yesterday regarding the Texas crash where the NTSB stated someone was driving and that autopilot could not have been engaged - yet some how all the headlines read that the mystery has increased and the tone of the articles is that Tesla is in trouble.
This is a tough game with big boys. The entire market is being taken down, and they are definitely playing favorites - big bullseye on Tesla.
I have come to terms with the fact that TSLA might hit 300 before it is over. Don’t think it will, but this allows me to function better
Yes, peak FUD which often translates to a near bottom. Also, a decent portion of the overall selling, imo, is driven by having to pay the tax man on Monday.
Where does that max pain table come from?Well for one thing, a Pre-Market low of 582.28 will hit the MA(200) at the Open (it was 582.10 at yesterday's Close).
TSLA Pre-Market Quotes Live
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Data last updated May 11, 2021 07:31 AM ET.
Consolidated Last Sale $593.22 -35.82 (-5.69%) Pre-Market Volume 1,043,645 Pre-Market High $620.01 (04:00:00 AM) Pre-Market Low $582.28 (07:42:28 AM)
Here's how Max Pain payouts look for a few selected strike prices:
View attachment 661248
TL;dr a Friday close with the SP at 585 and current open contracts would cost Options writers (mostly MMs) about $393M.
That's gotta leave a mark.
Cheers!
EDIT: Here's the NASDAQ Realtime chart (which becomes available starting at 8:00 ET) Notice the big cliff when the 7 am cowboys enter the paddock:
View attachment 661252
Aren't stocks a great hedge against inflation? Especially right now...FTSE is down 2.5% NASDAQ futures down 1.5% and Tesla is down about 1/3 over the last few months. It's all doom and gloom! Except it isn't. It is exactly at times like this that I remember the single most important thing I have learnt in 30 years investing. BUY LOW, SELL HIGH. It's not exactly a secret, but it something that many investors fail to apply because emotions take over. When prices are down like this, they get depressed and panic sell. This is wrong. At the other end of the scale when prices are racing ahead they have a fear of missing out and chase an increasing price higher.
With Tesla, I sold some (not much) of my holdings when the price was in the 800's and high 700's and ever since then I have been buying in small packets, as it has moved down through the low 700's and 600's. I continue to do this and picked up some more in the pre-market today @ 589. If it goes down further from here, then I'll be buying more.
I know I'm stating the obvious, but it might be helpful to some people.
On a side note, I've been buying gold over the last few months. Theoretically as a hedge against $ inflation but if I'm honest it's because I like looking at it and holding it - so much nicer than digital stuff
