kalefranz
Member
Laura Kolodny
I guess it's better she's reporting on this than the Model Y acceleration. I'd rather have a bigger pop from the ER.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Laura Kolodny
I guess it's better she's reporting on this than the Model Y acceleration. I'd rather have a bigger pop from the ER.
On first glance it looks like Tesla could (and should) have published the blog on the same day as the story broke (Friday), or at most a day later. But on closer examination it becomes clear that they had a thorough look at all the cases that were presented in the petition, which made it possible for Tesla to state that most of them had already been reported, looked at and found to have been been caused by driver error.
Also, given the importance of this case the blog may have needed the okay from several people in the higher echelons and from legal, who may not all have been available during the weekend. So it's understandable it took Tesla a few days to respond.
Mad@gascar
Teslanaire Extraordinaire
Option premium = intrinsic value + time value.
Option premium is the current price of the option.
"Intrinsic value" is the amount by which an option is in the money.
For out-of-the-money options, premium = time value.
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Sudre
Active Member
Ah, so you have finally noted to everyone why this report became news exactly when it did. It was obvious to me. The timing meant the longest possible amount of time before Tesla could respond given the weekend and they had hoped that Tesla Legal took Martin Luther King day off. They obviously didn't. Shorts thwarted! Now they have to work hard to push down Tuesday. Maybe Sparky will cover instead. (not)
For people arguing if $510 was the official Friday closing price or the $504 price afterhours, the options can settle on Friday afterhour price. Because the holders of the option have until noon on Saturday to exercise the option, the afterhour $504 was the price options settled at. So I would say $504 was the official Friday closing price even though that was the manipulated afterhour price.
Well the petition was submitted on the 13th right? So the release date of the news was beyond the short's control and it's most likely a coincidence.
Ok, so this is off topic, but I was thinking the other day, what exactly is the purpose of pre market and after market trading. It seems that the low volume tends to lead to manipulation to shift the narrative.
sundaymorning
Active Member
Customer ordering VW ID will experience delays much longer than the entire Model 3 ramp. #IDh4ll
Mike Smith
Active Member
Tesla Model Y: Insider Information, Rumors, and Speculations
'According to our source, the Tesla Model Y is ahead of schedule and will begin deliveries in March. This falls in line with previous reports of Model Y part suppliers being rushed in order to begin deliveries this quarter.
The senior Tesla employee states that the Model Y is actually already in production as we speak. According to his information, the Model 3 production lines have been split in order to accompany the Model Y. The S & X lines have also slowed down to relocate resources. The Model Y train is full steam ahead.'
'Disclaimer: Our source has been reliable in the past but take this with a grain of salt. We understand that without naming names or showing documentation, credibility is limited. If we shared everything we had we’d no longer have a source. It’s the catch-22 of media.'
'According to our source, the Tesla Model Y is ahead of schedule and will begin deliveries in March. This falls in line with previous reports of Model Y part suppliers being rushed in order to begin deliveries this quarter.
The senior Tesla employee states that the Model Y is actually already in production as we speak. According to his information, the Model 3 production lines have been split in order to accompany the Model Y. The S & X lines have also slowed down to relocate resources. The Model Y train is full steam ahead.'
'Disclaimer: Our source has been reliable in the past but take this with a grain of salt. We understand that without naming names or showing documentation, credibility is limited. If we shared everything we had we’d no longer have a source. It’s the catch-22 of media.'
Case in point: When I was in my teens I broke my back in a dirt bike accident and had to wear a metal leg brace on my right foot. One night my Dad let me drive his prized Dodge A100 home from the shop and when we pulled into the backyard, I went to hit the brake with my left foot and accidentally landed on the brace, pushing down on the accelerator and hitting our beautiful 1966 Dodge Monaco square on the rear bumper at about 10 to 12 MPH! God bless his heart, Dad was more concerned with how I was than the vehicles, but that incident is the definition of "sudden unintended acceleration" and probably quite similar to most of the Tesla situations.
FYI, didn't hurt the Monaco one bit, covered the damage on the A100 (which I still own BTW) with a new bumper, and I'm still thinking of suing the manufacturer of the brace because they obviously should have foreseen something like this... /s
anthonyj
Stonks
Yuge bear trap last Friday. Brian Sparks is actually Elon Musk.
Brie in Sparks
Cheese in Sparks, Nevada
What’s in Sparks? GF1
Cheese is slang for money
$700-$1000 calls for March, pounding the table here
Brie in Sparks
Cheese in Sparks, Nevada
What’s in Sparks? GF1
Cheese is slang for money
$700-$1000 calls for March, pounding the table here
ByeByeJohnny
Active Member
Teslas rebuttal seems to get much more traction than I thought it would. Lots of newswires have picked up the story including the shortseller angle. Even over here in Europe. And online sites like The Verge that is consistently negative to anything Tesla gave it it's own story. Despite skipping allegedly in their headline the first time around.
Now I'm thinking they should have waited until two hours before the markets open for better impact. Almost to early now.
Now I'm thinking they should have waited until two hours before the markets open for better impact. Almost to early now.
Lets hope Model Y ramp is not hindering S3X production here. Elon said there shouldn't be any hinderance but this rumor of yours make it seem like it's hindering all productions at Fremont.
Now that Tesla has denied it, and in fact refer to the complaint being filed by a short-seller, the Verge inserts 'allegedly' in the original headline.
That headline appeared before last Friday market hours... where is the SEC when you need them? Oh yeah, they're supporting short-sellers.
Artful Dodger
"Neko no me"
It would not be surprising if the short-selling petitioner or those among his cohort waited until Friday afternoon to alert the media, on the assumption that Tesla management and lawyers would be off for the weekend. This just as LEAPS options were expiring.
Such action also would have taken advantage of second-rate news-hungry weekend "journalists" who might unquestioningly accept the petition at face value before properly investigating the complainant, involved drivers, the NHTSA or Tesla officials.
The NHTSA would not have routinely issued a widespread news release that they were merely examining (not yet "Investigating") a petition about a situation that similarly involves all car brands, and virtually always is due to a driver stepping on the wrong pedal. Especially since they previously had Tesla check the logs of cars involved in similar claims that were proven groundless.
Here's a description of how a manipulator likely involved the media in this particular incident.
And here's one of those clueless victimized media outlets, ABC no less whose reporter found the claims ALARMING!
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My guess as to why the Tesla denial took 3 days to be issued.
The petition is 70 pages in length and discusses in some detail a significant number of the ~180 reported incidents.
If I was Tesla I would pull all the relevant data together. Confirm that none of the data is inconclusive. Determine which ones we had already discussed with the NHTSA.
If I were to issue a strong denial I would want to be able to defend the denial.
Even if I already had this all put together ahead of time I would still review it once more.
In my opinion, rushing out a denial would look like I wasn't taking it serious.
The petition is 70 pages in length and discusses in some detail a significant number of the ~180 reported incidents.
If I was Tesla I would pull all the relevant data together. Confirm that none of the data is inconclusive. Determine which ones we had already discussed with the NHTSA.
If I were to issue a strong denial I would want to be able to defend the denial.
Even if I already had this all put together ahead of time I would still review it once more.
In my opinion, rushing out a denial would look like I wasn't taking it serious.
This is the issue here, the media beat up and exaggerated the story, many of them knowing it was probably groundless, but thinking the clicks and views were worth expending a bit more of their rapidly diminishing credibility...
If you want informed knowledge and both sides of the story, forums like TMC do a better job than mainstream media... sad but true...
EVNow
Well-Known Member
Here is a fun quote from the petition..
"While attempting to park the vehicle and apply the brakes at 5 MPH, the vehicle picked up speed. As a result of the failure, the vehicle crashed into a school building . . . The vehicle was towed to an independent mechanic who determined that the accelerator pedal was depressed to cause the collision. . . The approximate failure mileage was 800."
"While attempting to park the vehicle and apply the brakes at 5 MPH, the vehicle picked up speed. As a result of the failure, the vehicle crashed into a school building . . . The vehicle was towed to an independent mechanic who determined that the accelerator pedal was depressed to cause the collision. . . The approximate failure mileage was 800."
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