This one seems to not be paywalled:
Tesla investors advised to vote against Musk’s $56bn pay and Texas move
Proxy adviser Glass Lewis says 2018 pay award is “excessive” and proposed reincorporation is risky
www.ft.com
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
This one seems to not be paywalled:
www.ft.com
Interesting little piece on retail holdings:
EDIT: Would take this article with a grain of salt though, given the appearance of “Direxion semis 3X long” ETF being at 0.7% average weighting. Anyone else even hear of that? Is that popular with the Reddit WSB apes crowd perhaps?
www.marketwatch.com
EDIT: Would take this article with a grain of salt though, given the appearance of “Direxion semis 3X long” ETF being at 0.7% average weighting. Anyone else even hear of that? Is that popular with the Reddit WSB apes crowd perhaps?
Nvidia beats Apple and Tesla to become the largest holding in average retail investor's portfolio
Step aside Apple and Tesla, retail investors may have a new favorite stock: Nvidia. Investment research firm Vanda Research collected data on the 15 most widely held stocks and ETFs in the average retail portfolio, and sorted them by weight. Nvidia came out on top at 9.3% of the average retail port
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JusRelax
Active Member
Thanks. I do recall him posting that like a week earlier, I wonder he deleted it back then and then reposted it now. Maybe previously he wanted to make sure that it's a verified source first so deleted it, and then reposted it after verifying the source? I don't know.
Thanks again for providing the link to the tweet! This is obviously very important short term news, and is definitely something here that many investors might want to account for.
JusRelax
Active Member
Interesting little piece on retail holdings:
EDIT: Would take this article with a grain of salt though, given the appearance of “Direxion semis 3X long” ETF being at 0.7% average weighting. Anyone else even hear of that? Is that popular with the Reddit WSB apes crowd perhaps?
View attachment 1050614
Nvidia beats Apple and Tesla to become the largest holding in average retail investor's portfolio
Step aside Apple and Tesla, retail investors may have a new favorite stock: Nvidia. Investment research firm Vanda Research collected data on the 15 most widely held stocks and ETFs in the average retail portfolio, and sorted them by weight. Nvidia came out on top at 9.3% of the average retail port
Direxion creates a lot of leveraged ETFs both on the short and long side. No idea what that specific one is for, but considering the leveraged nature of Direxion's ETFs, it kinda seems like something that would cater well to the wsb crowd.
JusRelax
Active Member
I agree, his interactions have been kind of weird. In the comments on his youtube channel, he stated that he is 'not currently a Tesla employee', so I'm wondering if potentially he was part of the layoffs and/or left recently due to other reasons, and Tesla hadn't yet relinquished his early access to FSD.
This might be a good cashflow move, in that the export markets Shanghai serves have plenty of Y inventory, so this quarter might see that drawn down and less stock shipped to replenish, meaning deliveries in those markets should exceed production from Shanghai to those markets, improving the cashflow situation for Q2.
Also wondering if there is a chance the rumored model Y juniper refresh might be on the cards for next quarter in Shanghai, which would also be a reason to draw down inventory, but that is just pure speculation on my part.
dhanson865
Well-Known Member
from the 2023 sustainability report. NCM is listed in one part of the screen as
Nickel-Cobalt-Manganese which looks right to me and then in another section as
Nickel-Cathode-Manganese which looks like a misnomer to me, is that an accepted expansion of NCM?
Nickel-Cobalt-Manganese which looks right to me and then in another section as
Nickel-Cathode-Manganese which looks like a misnomer to me, is that an accepted expansion of NCM?
dhanson865
Well-Known Member
Maybe little boy's that don't pay the electric bill. That's a 450W card. I won't buy anything over 150W if I'm given a choice with enough ram.
Right now the supply forces me to look in the sub 200W range if I want the ram but at least with modern cards you can power limit them in software so I can buy a 170W or 190W card and limit it to a max around 150W.
It's nice that a modern 450W card at least supports fans stopping at idle, but I keep my case fans slow enough that a fast CPU or GPU fan would be highly noticeable when it isn't at idle.
SPCR (Silent PC Review) for life.
I won't go back a to a noisy/hot PC just like I won't go back to a gas car.
Knightshade
Well-Known Member
In what way, specifically, is that "activist" or "political" against Elon or Tesla?
I ask because in looking up the change I not only see no such thing- I see it's primarily just clarifications to bring the existing state rules in alignment with Federal rules of Civil Procedure so that authorities interpreting the federal rule could be cited more easily as persuasive authority for the interpretation of Rule 23.
What, exactly, is "activist" about that?
Or did you just google "changes at the chancery" and repost whatever it spit out without checking if it's a substantive or activist change in actual fact?
Here's a breakdown from a law firm discussing these changes-- please point to which parts, specifically, are "activist" or anti-Tesla please?
Where's the activism exactly?
Is it in the room with us now?
People making allegedly factual claims they're then unable to in any way support should offend everyone.
Citation of "dismay" requested. Ideally from actual lawyers.
Since again they're mostly just aligning the delaware court with existing rules of civil procedure.
Further- the date on those rules YOU just linked to is months after the Elon compensation case was filed/certified so how is it "activist" let alone "relevant?"?
The new Chancery Court Chancellor in 2021 has been notable for changes in court practices regarding Rule 23 and also regarding caution-related issues. Her wiki only discusses the most disputed cases:
This link contains 0 mentions of Rule 23.
There's only 3 "notable" cases cited at all... two of which had nothing to do at all with class actions--- just cases requiring a company to honor the merger contract they signed (one being the twitter case-- where again the judge never ruled on the case at all since Elon knew he had no real chance to win that in any court and went through with his obligation in the end out of court). The third is the Toretta decision, where again- please cite any way in which rule 23 was applied in any "activist" manner?
What, specifically is "notable" about it? Because again the rules as revised are basically the same way all the other courts run things-- Delaware was just updating to modern language for consistency.
Can you cite any such ones this specific judge has issued that are activist?
Again- I asked for any examples at all of this judge being "activist" in any other case of hers at all
Because she's ruled on many cases. Surely if she's an "activist" judge you can give specific examples elsewhere?
If not there's no choice but to return the earlier conclusion--- folks are just calling any judge who makes a single ruling they dislike "activist judges" without having any ability to support that argument from anything else in the entire body of work of that judge.
Which 2021 rules, specifically, are you talking about here? Rule 23 has nothing to do with any of that.
Further-one of the fundamental elements of her ruling was the deal with Elon was not made in good faith.... instead she found it was made by a board that wasn't dealing at arms length, and didn't properly disclosure that or their close relationship with Elon to the voters.
Again you can disagree with that conclusion-- but it's based fundamentally in the entire fairness doctrine.
Which is NOT from 2021. It's not "new" and it's not "activist"
in fact it's from years before this specific judge was ever on the court. It's been around for decades
So again you appear to have googled a bunch of stuff you didn't understand then thrown it at the wall in hopes something would stick, without being able to be specific about anything at all.
I mean- it was the literal question asked.
So you've now spent a fairly insane amount of time not answering it.
While broadening the claim that the ENTIRE COURT is "activist" without actually being able to give any examples, and only citing rules changes you're misunderstanding or misrepresenting the contents of and which you can't cite impacted the Elon/Toretta case specifically at all because again Entire Fairness is [B}not new[/B] it's been around for a long time.
Yup--- that's why I voted no on that question (but YES on Elons compensation, FWIW).
I'd have happily voted Yes for Nevada (and said so here when Elon initially raised the idea of moving out of DE...) they have a solid business court system with a solid history. Texas... does not.
Primarily the entire fairness stuff (which again, has been around for decades) is simply there to encourage BoDs to make sure their paperwork and decision making is above board in cases where potential conflicts of interest exist... simply insure they're independent decisions reached fairly and at arms length with all voting parties fully informed and there's no issue and the doctrine won't apply. The VAST majority of cases that have come before the court in those decades of cases are not subject to it.
But if they're that worried, Nevada is an excellent alternative.
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dhanson865
Well-Known Member
I do have an issue with it.
Given the proposed release prices at the unveiling, it smacks of “bait and switch”. Quite literally.
I understand there’s been inflation. But the size of the price increase makes it border on opportunistic price gouging.
It may turn out to be the best course to maximize profits in the short term. I just worry about the optics long term. Certainly has dampened my enthusiasm for a new CyberTruck.
People made the same complaint about the Model 3 $35,000 trim that you are making about the Cybertruck $40,000 trim. It took more than a year of ramping up from late 2017 to early/mid 2019 for that lowest trim to show up.
Any time a new model comes out you are going to end up waiting 1 year minimum to get a super low price trim.
I'm not sure why you think the Cybertruck should have the lowest of 3 trims out yet.
Wilson Sonsini is an American multinational law firm specializing in business, securities, venture capital, and intellectual property law.
Delaware's Status as the Favored Corporate Home: Reflections and Considerations
In recent months, a conversation has emerged as to whether Delaware should remain the favored state of incorporation for business entities. Indeed, many of our clients have asked us whether they…
www.wsgr.com
They give their take on the chancellory court. For those who don't want to read this there isn't a simple answer. It's all depending on each companies best interests on whether to remain in Delaware or ever incorporate there to begin with.
My belief without evidence, but a strong suspicion is that friends of Elon are helping to form the new business court in Texas, and one of the bigger differences between this new court and Delaware is a new class of shares with up to 10 times the voting power can be issued post IPO, something Delaware doesn't allow.
There were/are a lot of Cathie Wood fans here. My advice is be very skeptical of any active stock picker who claims they are smarter than you and one can't hurt to be aware and knowledgeable about her past trade on Nvidia. Apparently, she had 1.3 million shares across all her funds (old news I'm sure to many veterans here, but I just read this and figured it can inform people here since it's been discussed and some folks seem to think she's a great market timer) and sold it starting around in Oct 2022 around near term lows. Her stake would've been worth 1.3+ billion now if she kept that. Obviously, shoulda/woulda/coulda, but her record hasn't been the best from previous discussions.
finance.yahoo.com
"Before going further, the elephant in the room when mentioning Wood and Nvidia NVDA in the same story is that she infamously exited the stock at precisely the wrong time, selling most of her stake prior to Nvidia’s meteoric ascent on the back of artificial intelligence demand."
"Her flagship fund, the ARK Innovation ETF ARKK, has dropped 17% this year,"
SPY up 12% YTD, Dow up 3.5%+ YTD, Nasdaq up 14%+ YTD
Cathie Wood sees a Great Depression-like search for safety in the stock market
ARK Invest CEO Cathie Wood says there are Great Depression parallels in markets right now.
"Before going further, the elephant in the room when mentioning Wood and Nvidia NVDA in the same story is that she infamously exited the stock at precisely the wrong time, selling most of her stake prior to Nvidia’s meteoric ascent on the back of artificial intelligence demand."
"Her flagship fund, the ARK Innovation ETF ARKK, has dropped 17% this year,"
SPY up 12% YTD, Dow up 3.5%+ YTD, Nasdaq up 14%+ YTD
Mod: some posts gone, some users gone. Keep it civil. --ggr
Maybe. According to this source, New Zealand was ranked 30 on GPD / capita in 1976 and 25 in 2022: Historical GDP per Capita by Country | Statistics from the World Bank | 1960-2018 - knoema.com Anyway, correlation doesn't equal causation.
Tesla is not Texas’ first big company. 55 Fortune 500 companies including Tesla are headquartered in Tx. Virtually all have significant operations in Tx. Austin metro is the second biggest semiconductor company cluster after the Bay Area. State GDP at $2 trillion is #3 after CA and NY.
Tesla incorporation in Tx would be a plus but let’s not get carried away. Texas will do well with or without Tesla incorporation.
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I saw this as well in two different places and just thought it was a typo. Very weird...maybe Drew WAS still needed.
FastEddieB
Member
I did not mean to imply that.
Had the pricing and range been anywhere close to the original numbers - adjusted for inflation - I’d either be in a CyberBeast right now or eagerly awaiting delivery of one. If 500 miles of range (est 250 miles towing) means sacrificing much of the truck bed, count me out. But at the very least, AWD is the lowest trim level I’d even consider.
Remember that state of headquarters is not the same as state of incorporation. It's actually hard to find companies incorporated there (TX). Largest TX companies I found. Maybe someone can find one here just for curiosity sake.
ExxonMobile - New Jersey
AT&T - Delaware
Dell - Delaware
Valero - Delaware
Texas Instruments - Delaware
Phillips 66 - Delaware
Spacep0d
Active Member
None of us who are human are infallible. Even well-informed and competent people disagree on interpretations of information, but do tend to agree on established fact. Here it seems many who disagree with a given post tend to avoid checking fact.
Where serious disagreements happen among posters who do check facts they, in my opinion, tend to be about interpretations of a subjective nature including, as a rule nouns or adjectives that ascribe emotional content to factual events. Those almost invariably generate reduced factual understanding.
We also encounter problems when someone, like quite a few here, has direct information but is constrained by ethics or NDA from disclosing source identity. Those also seem to be ones that have evidence somewhere but only circumstantial.
Some of us who enter such disputes tend to overstate objections and by so doing escalate the disagreements. Those often seem to draw the ire of moderators precisely because they tend to personalize disagreement. Perhaps even the most fact-based disputes here suffer from that issue, primarily because they depart from fact and enter emotional diatribes. Some fo our best contributors seem to have fallen foul to that issue. We should all be more diligent to avoid that happening.
Finally, in the present day, in several countries formerly civilized discourse between different political views has degenerated into hostility. Personally, that has happened within my own family. Today, specifically, that affects me personally because today is my mother-in-laws 100th birthday party. In that event are three of her offspring who are proponents of political views anathema to the others. That means my eldest nephew and my brother-in-law no longer speak.
Here at TMC we should do all we can do to avoid importing opprobrium. In so doing we would lose even more of the wide discourse and debate that has long added insight to our investments, primarily TSLA, but also a number of others.
Having been involved in such an example recently I hope I take my own suggestions rather better than I have done from time to time.
As an ancient cynical phrase goes: "I resemble those comments"
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