Noticed on Twitter this am: Musk has now made money on his SEC fine. He paid $20M for the fine, and bought $20M in stock at $282/share to 'pay' Tesla's $20M fine. That stock is now worth over $40M at yesterday's close.
Dear Mr Burch,
You clearly possess the insight required to be a CNBC analyst. We would be honored if you joined us. Please contact our HR department if you agree. Terms negotiable.
"signal that they control the price", you say?BTW., yesterday TSLA closed at an ATH, and as a result there were elevated volumes of after-market trading of 600k shares, presumably quite a few from margin calls turning into forced covering after an ATH day, but unlike in previous instances this liquidity didn't push up the price significantly, it was soaked up in the $570-$572 range.
This morning's early trading at 4am ET started with 57k shares traded already, and a push down to around $562 was executed, against overall calm macro trends as you noted:
This is relatively high volume early-early-market trading if I may coin the 4am-8am phase that way. Usual volumes are just a few thousand shares, normally.
We'll see. If we indeed have options writers anxious to set an example for a favorable closing price tomorrow, then they might expend some (comparatively cheaper) firepower in early trading to signal that they control the price.
Not advice in any case.
Of course, these are the sellers who do not own the stock they sell.Isn't the volume of 7.7mil within the opening hour proof that at least someone is selling?
I'm really hoping that battery investor day reveals improvements in charging time that finally put to rest concerns that EVs take too long to charge and therefore impractical. That could be a catalyst for further stock appreciation, and one less vector for FUD.
Personally, I don't think it is an issue with v3 superchargers, but it is a common perception.
I agree that with V3 SCs combined with large battery packs (greater than 300 mile range) and lots of SC locations that aren’t crowded, long distance drives in an EV are no longer an issue. But you need all four conditions. I just did a 6-7 hour trip each way. On the uphill leg, either more SC locations or a bigger battery would have made it no compromise. As it was, charging added about 20 minutes to my trip. On the downhill leg, no difference from what an ICE would have done (I only needed one stop which I would have done anyways).
I know everyone here already knows this but Tesla has a very strong competitive moat with its SC network and big battery packs. And I don’t see that moat being breached for many years, at least in the US. I still think it’s an important reason why people buy Tesla rather than all the “Tesla killers”.