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

[EVNow]

What are the chances we'll test 310 today ? Now at 314.

I'm guessing shorts want to keep it above 10% fall - but that may happen anyway.

I was so close to selling my March options & some trading shares yesterday when SP was $350. My limits just missed by cents.

 

[myt-e-s-l-a]

Wow. tsla @ 314.55 -33.78

 

[adaptabl]

With all the quality, service and delivery issues the last thing they need is to cut the workforce. They need quality people on staff not low paid kids out of high school.

 

[ZachF]

45,000 employees * .07 let go = 3,150 employees less
3,150 * $65,000 salary= $204 million savings per year

Or about $51 million per qtr.

Not massive savings, nonetheless tesla has so
Many projects .....

If the stock ends up on the day, would you buy more?

Actual labor cost is about double that. Need to add in Health insurance, payroll taxes, unemployment, etc.

 

[anthonyj]

Smart swing traders waiting for $29x imo

 

[KarenRei]

We already hit -10%, didn't we? If not, we surely will soon.

 

[Crowded Mind]

We already hit -10%, didn't we? If not, we surely will soon.

I saw -9.99%.... Did not see 10%, but not certain.

 

[anthonyj]

We already hit -10%, didn't we? If not, we surely will soon.

Yes

 

[AlexS]

We already hit -10%, didn't we? If not, we surely will soon.

Yes
10% was 312.57

 

[jbih]

Argh, well, this is maddening. IB is complaining about "insufficient settled cash" for even the most trivial options buy, yet they show me with the money under the "Settled cash" section in my account, and also show the cash under "buying power" :Þ

It usually takes 2-3 (trading? bank?) days until I can use the freshly converted dollars (from Euro) at IB. Might be different for your krona, but I guess not more than 3 days. Unfortunately I couldn't find a way to find out when exactly the cash is settled.

 

[KarenRei]

It usually takes 2-3 (trading? bank?) days until I can use the freshly converted dollars at IB. Unfortunately I couldn't find a way to find out when exactly the cash is settled.

It's just maddening that they list it as settled cash, when it isn't. Well, at least I sold at $327,11 (really surprised that that went through!) I should still turn a nice profit on that transaction unless the stock really recovers fast.

 

[myt-e-s-l-a]

Wow. tsla @ 314.55 -33.78

My takeaway for the drastic price drop

Musk also warned employees Q4 profit would not equal that for Q3. "In Q4, preliminary, unaudited results indicate that we again made a GAAP profit, but less than Q3. This quarter, as with Q3, shipment of higher-priced Model 3 variants (this time to Europe and Asia ) will hopefully allow us, with great difficulty, effort and some luck, to target a tiny profit," Musk said.

 

[lklundin]

With all the quality, service and delivery issues the last thing they need is to cut the workforce. They need quality people on staff not low paid kids out of high school.

For all its empathy, this round of lay-offs is exactly that:

Increase profitability by culling the least productive part of the work force.

In spite of all the (alleged) real life wrongdoings of Kevin Spacey I will still give this example of how lay-offs are (normally) seen by Wall Street as a sure road to increased effectiviness:

 

[jbih]

Yes
10% was 312.57

Todays low: 312.52. Thank you unknown seller! Thanks to you the uptick rule should be in effect.

 

[dmvevguy]

I was expecting a higher profit in Q4 than Q3 purely on 7500 tax credit expiration.

Not feeling good this short-term with Q1 and possible Q2. Thinking if we get FSD coast to coast successful demo, then stock will then surge back higher on that bullish news in the next few months.

Long term totally BULLISH!

 

[ZachF]

Quite the MMD today....

 

[TradingInvest]

I bought some shares as planned. Will continue to add shares.

 

[Zaxxon]

Buy the dip.

Ayup.

It's very tempting to play the volatility now, but I'd been 50/50 successful with it in the past. So a note to self: HOLD.

Yeah, even though this probably wasn't the wisest, I couldn't resist.

 

[anthonyj]

In for 100 shares at 314.85. Stop Loss $311.90

 

[mongo]

Boring is a fitting name, since tunnels mostly go sideways, and we consider TSLA boring when it goes mostly sideways, which it will likely do through Tuesday (Monday being a holiday).