bkp_duke
Well-Known Member
HQ to Austin TX.
ZERO surprise there.
ZERO surprise there.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
This multi-leg bear trade filled 1 minutes prior the start of the 14:32PM spike from 788.57 to 805.00 before closing the day at 793.61.
To recap, 3000 contracts were sold near the bid for 402.79 (proceed of $121M) and final trade for this option was at 407.29
For the second leg, 2100 contracts were purchased near the ask for 399.11 (cost of 84M) and final trade was at 404.75
Net proceed for the two legs is $37M, making this a bear trade, with more ITM calls were sold than bought.
By market close, the short leg lost 1.35M and long leg gained 1.184M. Net paper loss is $165,600.
My guess is this whale bear couldn't or didn't want to short the stock for the AGM event, and instead made this horribly timed option trade. If they just held off for 30 minutes longer then would have made tons over the next hour when the stock dropped to close down by $11.39 v.s. the 3PM price. Or, could it be possible that the spike was waiting for this trade to fill first.
Based on recent history of Tesla meetings, there is a good or even chance this could be a net positive trade if they close the positions tomorrow and their timing is better than when they opened.
Quoting Barron's:
"Tesla annual meetings frequently spark big price movements–in both directions. The stock dropped 10% after the 2020 annual meeting. Shares fell 3.6% after the June 2019 annual meeting. Tesla stock rose 9.7% after the June 2018 annual meeting. "
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There’s been rumors/speculation that the paint shop is currently being updated for a while, so that’s something that’s already been called out and some speculate is already close to be done.
scubastevo80
Member
bkp_duke
Well-Known Member
Did Elon pretty much just say TX will start with 4680 cells from Kato Rd in CA?
Am I reading between the lines right?
Am I reading between the lines right?
RobDickinson
Active Member
Yes, thats the plan for Austin and Berlin until local cell production takes over.
bkp_duke
Well-Known Member
I mention it b/c there has been the "rumor" of 2170 packs for TX-made Model Y. Seems like that won't happen, and TX-made Y will all be 4680 based.
No Tesla just said on Q2 earnings that Texas made Y’s would start with 2170 cells. Sounds like that has changed
Yes. The supply from Kato road is enough to START production in TX. It is 10gwh per year, so it can build a good number of Model Y. So maybe Kato can take us through April???? But TX will need its internal 4680 factory to reach full speed production of the Y. Don't take this wrong, They may build a 2170 Y in TX or a 4680 to start. But it would be possible to start with 4680.
RobDickinson
Active Member
They said that was a fallback plan
I’d suggest going back and listening to the earnings call. It was very heavily insinuated that they were going with the backup plan
Sudre
Active Member
Hopefully that is the "Pension fund" (Unions) selling their shares so we stop getting ridiculous proposals.
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