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

[Artful Dodger]

The volumes were high early ... but volumes dropped quickly around 11:11 AM...
What obvious things am I missing?

That possibly 90%+ of all "Volume" on NASDAQ is just fake back'n'forth high-frequency trading by market-making hedge funds to spoof real trading? And that if any REAL buying or selling comes in from a 3rd party (like when Elon sells even 1 freakin' share) their boards light up like a Christmas Tree?

It's (almost) all fake. Jus' sayin'...

 

[Captkerosene]

from what I see, the run began on 5/15
View attachment 945043

I have no proof, but I think the CNBC/Faber interview (even more so than the AM) was the pivotal moment for TSLA.

 

[Nocturnal]

Bit of a no-brainer but still nice to see.

 

[2daMoon]

Now, take this with a grain of salt. Okay, maybe a dump truck load of salt, and, by no means ever, ever take anything I write as investment advice.

With that said, I did some prognosticating upon my evil plan for 1% per Trading Day going forward and took a backward look to see how we are doing.

As pointed out above by a couple of folks, the trend began back in mid-May, so I've calculated from there to today at 1% gain and came up with a promise that we will close at $208.25 195.25* today. Okay, so far, so good.
*EDIT: Dag nab it, I used 7 day weeks again, grr. Now recalculated, and even took out the holiday for good measure.

Clearly, the SP has blown that number right out of the water, so I'll have to adjust my guesstification of a timeline for a $600 SP somewhat. (also, I noticed how I had used 7 day weeks instead of 5 day weeks in my earlier silly attempt at this ridiculousness)

Correcting for all of this, should something as totally bizarre as an ever-increasing TSLA SP defy all known laws of physics, psychology, and the usual FUD factors and somehow continue to increase at 1% per day, it will be at $600 around mid October.

That's it! I'm drawing the line in the sand and standing firm in my wholehearted belief that this is total hogwash and has no possibility of ever actually happening.

(I'm talking to you Murphy, are you listening?)

 

[wipster]

Which aligns well with what I had posted sometime ago - per store, CT showroom models in ~4 weeks on their floors. So, mid July, people can check them out in person.

Which also aligns with an email from Tesla recently received by my doctor about his CyberTruck order, which I won't say anything about since the last time I did I received more dislikes than ever before...

 

[Marc_K_inNJ]

I was planning on keeping some cash on the sideline today for a potential afternoon pull back… but now that we are in rally mode and tomorrow being 6/9… I piled it back in quickly. FOMO.
Not financial advice. I actually hate when I do This FOMO stuff to myself.

 

[wipster]

Interesting, but LMAO...

Mercedes-Benz Receives Approval for Level 3 Autonomous Driving System in California

Mercedes-Benz has achieved another milestone for its autonomous driving technology. The California Department of Motor Vehicles (DMV) granted approval on Thursday for the company’s automated driving system to operate on designated highways under specific conditions, […]

driveteslacanada.ca

 

[Knightshade]

Interesting, but LMAO...

Mercedes-Benz Receives Approval for Level 3 Autonomous Driving System in California

Mercedes-Benz has achieved another milestone for its autonomous driving technology. The California Department of Motor Vehicles (DMV) granted approval on Thursday for the company’s automated driving system to operate on designated highways under specific conditions, […]

driveteslacanada.ca

That's actually the perfect place for that system... let's you legally read a book behind the wheel while sitting in California highway traffic jams... Been waiting 5 years now for Tesla to let me do that and still waiting.

 

[wipster]

That's actually the perfect place for that system... let's you legally read a book behind the wheel while sitting in California highway traffic jams... Been waiting 5 years now for Tesla to let me do that and still waiting.

Just use Whole Mars Catalog's knee-on-the-wheel strategy and you should be fine. Personally I would much rather use it and go 70-80 mph on the freeway than be hands-free and limited to 40 mph... that to me sounds like a rear-ender waiting to happen!

 

[Electroman]

Looks like the SUV was still running/pulling. I think the M3 just gave a little extra pull until the tires of the SUV got onto dry ground and got some more grip. Boat ramps can be mossy/slimy below the water line.

I don't know about that.. then at 00:40 the truck is already in dry ground and out of the ramp, and we see the M3 still giving a tug.

 

[StarFoxisDown!]

Interesting, but LMAO...

Mercedes-Benz Receives Approval for Level 3 Autonomous Driving System in California

Mercedes-Benz has achieved another milestone for its autonomous driving technology. The California Department of Motor Vehicles (DMV) granted approval on Thursday for the company’s automated driving system to operate on designated highways under specific conditions, […]

driveteslacanada.ca

"There are some conditions that come with the approval however as the system is limited to operation on the above mentioned highways during daylight hours only, and at speeds not exceeding 40mph (64km/h)."

Huh?

Can someone show me a highway in California that has a speed limit of only 40 mph? Does Drive Pilot do lane changes? If it doesn't, how can that possibly be considered Level 3? Just because you can look away while you stay in current lane but the moment you have to actually do something like a normal person on a highway (change lanes, avoid traffic, get to your exit, etc..) it's no longer Level 3?

Just use Whole Mars Catalog's knee-on-the-wheel strategy and you should be fine. Personally I would much rather use it and go 70-80 mph on the freeway than be hands-free and limited to 40 mph... that to me sounds like a rear-ender waiting to happen!

In Californian and other states, you can actually get pulled over for going too far under the speed limit. It's dangerous. If the speed limit is 70-80 mph, it's extremely dangerous.

 

[M|S|M MYP]

Which also aligns with an email from Tesla recently received by my doctor about his CyberTruck order, which I won't say anything about since the last time I did I received more dislikes than ever before...

Gave you a disagree, just cause its a good day and we are all laughing

 

[15Peter20]

Perhaps $270 is next resistance level?

That’ll do for me. Then I can explain to my friend, who sagely told me ‘Tesla will never reach $800 again’ what a stock split is.
I promise to not be smug.

 

[Artful Dodger]

TSLA is sneaking up on Technical resistance from Nov 01, 2022 which was 237.40 over 7 mths ago. We're now at $234.85 (3:50 pm ET)

Personally, I think FOMO beats TA this run...

Cheers to the Longs!

 

[Knightshade]

Just use Whole Mars Catalog's knee-on-the-wheel strategy and you should be fine.

Except it'd literally be a crime, and I'd be civilly liable in case of an accident.

Neither of which would be true of Mercedes system.

 

[Artful Dodger]

Can someone show me a highway in California that has a speed limit of only 40 mph?

The 105 at rush hour?

 

[Knightshade]

Can someone show me a highway in California that has a speed limit of only 40 mph?

The point is to be L3 in slower traffic.

Which California highways have LOTS of.

Does Drive Pilot do lane changes? If it doesn't, how can that possibly be considered Level 3?

Because lane changes have nothing to do with SAE levels?

Just because you can look away while you stay in current lane but the moment you have to actually do something like a normal person on a highway (change lanes, avoid traffic, get to your exit, etc..) it's no longer Level 3?

L3 is literally "the car is the driver- legally - until it needs the human to take over." and "the human does not have to actively pay attention but has to be ready to take over in a short period of time if asked to"

So yes, it's 100% level 3.

If traffic clears up and suddenly you can go significantly faster the system alerts you that you need to switch to paying attention and then speeds up and becomes L2.


Anyway before the mods jump on this, further discussion really belongs here:

AI, Autopilot, & Autonomous/FSD

Discussion about AI, Tesla Bot, Tesla Autopilot (AP), the promise of Full Self Driving (FSD), as well as other Autonomous Vehicles.

teslamotorsclub.com

 

[wipster]

Except it'd literally be a crime, and I'd be civilly liable in case of an accident.

Neither of which would be true of Mercedes system.

Why? His method works fine. It looks like he's driving hands-free but his left knee is always in contact with the wheel. Different than a fake hand or weight, but it works.

 

[H Mak]

And the beat goes on

 

[Knightshade]

Why? His method works fine.

It does not work fine. I explain both reasons why in the post you quoted to reply to it. So rather than repeat myself I'd ask you just go back and read what you quoted, your answer is there.