No one really gives a poop about the Dow anyway, other than finance media. There are hardly any funds that track it, and the composition is nonsense anyway.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
So TSLA too high of a valuation
Amazon just right valuation
Would love to know those metrics they’re basing this on lol. Amazon has higher TTM and Forward P/E
navguy12
Active Member
Laminar flow, boundary layer, something something.
2daMoon
Mostly Harmless
The difference is that this time the Shorts had months to get their affairs in order, so, it wasn't a surprise.
Much unlike how a surprise 2:1 split with only a couple of week's notice later this year might catch them off guard.
TheTalkingMule
Distributed Energy Enthusiast
Well I've punted all my sold put option spreads to November. You win MM's!
Stone cold lock for either a $316 close tomorrow and/or $333.32 next Friday.
Stone cold lock for either a $316 close tomorrow and/or $333.32 next Friday.
lafrisbee
Active Member
The "naked shorts" got hurt from the last split. This split they might have un-naked themselves immediately after the decision to do a split...or maybe even when the split was official proposed. Which makes sense as to why the stock did well a month ago.
Ant
I am surprised with the low volume. I thought maybe due to the upcoming split and confusion over "record date" we had low volume going into the split. However I figured we would see increased volume as more retail shareholders would be jumping in at the lower share price.
In any case I think the biggest catalyst coming up is the investment grade credit upgrade. There are too many funds underweight or without any Tesla exposure and I believe this is a primary factor.
Seeing how Natixis purchasing about 15 millions shares before the split caused a substantial run up in price, I won't be surprised to see a much larger flow from institutions causing a rapid price increase.
In any case I think the biggest catalyst coming up is the investment grade credit upgrade. There are too many funds underweight or without any Tesla exposure and I believe this is a primary factor.
Seeing how Natixis purchasing about 15 millions shares before the split caused a substantial run up in price, I won't be surprised to see a much larger flow from institutions causing a rapid price increase.
I shouldn't be, but I'm surprised at yesterday and today's trading.
Of all the scenarios I considered for yesterday, I didn't see macros being relatively strong but TSLA underperforming by a significant amount yesterday on such low volume.
And today, I am surprised at the lack of volatility. AND strong underperformance against macros again.
Of all the scenarios I considered for yesterday, I didn't see macros being relatively strong but TSLA underperforming by a significant amount yesterday on such low volume.
And today, I am surprised at the lack of volatility. AND strong underperformance against macros again.
Dow is based on stock price, not valuation. Ridiculous.
They didn't have the common shares available for a 2:1 before the vote, and they don't now.
3x the shares (2M to 6M), 3:1 split, same fraction available.
From proxy:
https://www.sec.gov/Archives/edgar/...4064/tsla-def14a_20220804.htm#PROPOSAL_FOUR_4
TheTalkingMule
Distributed Energy Enthusiast
The DOW30 is even sillier than the S&P500 criteria. We need to develop the TMC420 as a more appropriate basket investment option for today's discerning millennial.
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2daMoon
Mostly Harmless
thesmokingman
Active Member
When Elon sold he gave shorts shares...
Look what happened with BBBY when Cohen sold, wreckfest.
I think most "pro" investors simply trust AMZN more than TSLA today. Amazon doesn't have a CEO who's a wildcard, they have years of positive finances, and they have a track record investors can rely on.
Many Wall Street investors still think of Tesla as a risky startup with huge "competition" from legacy auto. To most of us that's nonsense, but tradition is hard to let go for many "traditional" investors.
This opinion will change given time, but I think it will take a year or two of stellar performance to truly wake Wall Street up. Eventually it will be obvious to most everyone and impossible to ignore. Over that time we'll see a Moody's credit upgrade, many more hedge funds will pour into TSLA, CT & Semi will launch, and the companies revenues and margins will rise through the roof.
In other words, buying opportunity.
Alternatively, use Google Sheets:
This gives you daily open, close, high, low, and volume. More here: GOOGLEFINANCE function
Not sure about anybody else but I had a huge % gain on my Tesla shares today, even though I still can’t sell.
Why do people suddenly seem to think such an upgrade is "coming up"? Don't take me wrong, clearly an upgrade is deserved. But the ratings agencies have plenty of incentives from other customers not to do an upgrade, and Tesla is unlikely to issue new bonds for the foreseeable future. So why would they do anything at all with Tesla's rating? What am I missing?
thesmokingman
Active Member
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