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

[Mengy]

Besides, who am I to tell one of the richest men in the world how to spend HIS money?

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The problem is less about the fact he is selling, but more the manner in which he is selling. He directly harms TSLA investors every time he sells in this manner. As the largest shareholder and CEO of the company itself, it sure would be nice if he made the modest effort to NOT sell on the open market and TANK the stock every single time like this.

Gary Black is right about this, Elon could be making this MUCH less painful for investors with a minimal amount of effort. The fact he chooses not to is the elephant in the room here. AGAIN.

 

[BornToFly]

What is point of spending countless hours researching Tesla and possible SP movement, when the CEO constantly tanks the stock when you least expect it?!?

The massive Put buyers the last two weeks have made a killing while Elon screwed over investors, AGAIN!

 

[Krugerrand]

As others have pointed out, Wall Street trading firms KNOW when Elon is selling. So it makes it easy for them to take advantage by selling, selling short, loading up on puts, etc. Drop in stock price gets exacerbated. Looking back, the price action is pretty obvious.

That's why the most confounding thing to me is not that he sold, but why he doesn't sell through his investment bank(s). Smh.

It’s a valid question and I’m sure there’s a reason. We may eventually find out that reason or not.

 

[2daMoon]

The problem is less about the fact he is selling, but more the manner in which he is selling. He directly harms TSLA investors

Only the ones who sell are harmed... right?

 

[Tachyon]

Makes me wonder if the best investing strategy henceforth is to buy puts just around when the lock out period begins and ends. I guess I should be posting this in the options thread .
Apologies everyone, I am in a bit salty mood tonight .

 

[Curt Renz]

Elon filed a Form 4 for sales on Dec 12. Attn: @Curt Renz : You were right.

SEC FORM 4 | 2022-12-12

It looks like 20,174,196 shares sold total on Dec 12.

Thanks for the acknowledgement, but Musk sold TSLA shares on Dec 12, 13 & 14.

 

[Cosmacelf]

I for one am glad to see this. It explains some/much of the SP weakness this week.

I still don't understand why Elon sells on the open market rather than through a block sale with an investment bank. I'm sure he has his reasons, but I fail to see any upside.

How do we know he isn't selling through block trades?

 

[vikings123]

What a strange time for him to sell too. TSLA at record two year lows, and just a month away from 2022 Q4 earnings which will be record setting and ATH numbers.

Or maybe he's selling now because he knows something bad about Q4 which we don't? You just KNOW the TSALQ are going to be spinning that one. It's hard to argue against it with timing like this....

The Uber bulls will argue he is giving them a gift to buy shares at a low price and they wouldn’t necessarily be wrong.

 

[Cosmacelf]

As others have pointed out, Wall Street trading firms KNOW when Elon is selling. So it makes it easy for them to take advantage by selling, selling short, loading up on puts, etc. Drop in stock price gets exacerbated. Looking back, the price action is pretty obvious.

That's why the most confounding thing to me is not that he sold, but why he doesn't sell through his investment bank(s). Smh.

Yes, the timing of Morgan Stanley saying the stock was a good buy today of all days was a bit suspicious...

 

[spacerfc]

I hope he is selling some of his SpaceX shares too (maybe with the recent news about SpaceX insiders selling). It’s annoying that he is going to the Tesla well every time he needs funds.

The market for SpaceX stocks is not that large, the largest raise by SpaceX is less than $2B, insider sales tends to be a lot smaller, probably just a few hundred million.

They can't get tons of buyers for SpaceX since it's a lot more risky than Tesla, SpaceX's PE is probably more than 100 at this point, they're still losing money on Starlink/Starship, it'd be a while before SpaceX's financials become as good as Tesla.

 

[HighIQPerson]

I’ve been lurking this thread for a long time and this is my first post.

I don’t like rubbing it in, but I sold TSLA when chicken genius Singapore said to sell at 1200. I have not bought back in.
I think at this point, the macro and higher interest rates will dictate TSLA’s movement and no amount of rosy earnings predictions is going to change market sentiment at this time.

That said, I hope you all are mentally strong enough to not harm yourselves for your huge losses. I know someone took his own life recently because of his TSLA losses. I firmly believe this downtrend is temporary and we’ll be back to ATH after Powell confirms a pivot. Until then, don’t be surprised at further losses.

 

[tslagreen]

Agreed.

Do we ever think this will end? Are we cursed forever now to have Elon selling his TSLA shares to prop up Twitter? Surely at some point this must stop, right?

Why would you ask that? He said he was done selling Tsla shares on April 28th...

 

[Chunky Jr.]

out : Tesla shares to fund sending people to Mars
in : Tesla shares to fund Twitter

 

[Mike Smith]

Great news. More selling in the past = less selling in the future.

 

[HighIQPerson]

I know many of you think 120, 100 and even sub-100 seems unthinkable, but so did 150 just a few months ago.
I just want you all to brace yourselves, because those numbers may be a reality early next year.

 

[MikeC]

Great news. More selling in the past = less selling in the future.

I would be in favor of cash compensation for his next CEO package.

 

[EVNow]

Negatives

• It's now a regular thing
• He doesn't really care how he sells or how low he sells at

Because Elon's priorities no longer align with Tesla's vision.

He has clearly said so himself.

 

[Mengy]

Great news. More selling in the past = less selling in the future.

People keep saying that, yet it never seems to be true....

 

[elasalle]

I’ve been lurking this thread for a long time and this is my first post.

I don’t like rubbing it in, but I sold TSLA when chicken genius Singapore said to sell at 1200. I have not bought back in.
I think at this point, the macro and higher interest rates will dictate TSLA’s movement and no amount of rosy earnings predictions is going to change market sentiment at this time.

That said, I hope you all are mentally strong enough to not harm yourselves for your huge losses. I know someone took his own life recently because of his TSLA losses. I firmly believe this downtrend is temporary and we’ll be back to ATH after Powell confirms a pivot. Until then, don’t be surprised at further losses.

Chicken is genius
And you are high IQ
And you joined today to tell us so

OK

 

[Mike Smith]

People keep saying that, yet it never seems to be true....

It is true. He ultimately needs to sell a certain amount of stock. That amount is now reduced by $3.5B.