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

[willow_hiller]

Need help
I didn’t feel worse when it went 180
But this time... my parents asked me to sell at 750 and at 900 I didn’t listen.
Now I cannot focus on work and keep refreshing this forum/thread for good news

After hour price drop makes me even more nervous and uncomfortable.

I'm focusing on my long term goals.

In the short term, my only goal is to acquire as much TSLA as possible for as low of an average share price as I can.

I never planned on selling TSLA in the short term, so I'm not selling no matter what. The price of TSLA now actually has very little impact on the 5-10 year price.

 

[Unpilot]

When I am on @Krugerrand island with my dogs I will look back at this time and have a little chuckle. Not as hearty as the 420 chuckle...but a good one just the same.

 

[deffu]

Wondering if this weekend will give people time to calm down and reflect on the fact that even worst case this virus won't end humanity and that the market shouldn't drop 50% in a week.

Maybe, but based on development in China, we are still weeks away from peak in S.Korea, Japan, Italy. There is risk for community spread in other EU countries as well. And I dont think US is well prepared, if we see cases hiking in CA, NYC. Surely the market will continue to tank. And we will have super Tuesday next week. Wait for the Bernie effect. I kind of like this guy. But seems he doesnt like my portfolio.

 

[woodisgood]

When I am on @Krugerrand island with my dogs I will look back at this time and have a little chuckle. Not as hearty as the 420 chuckle...but a good one just the same.

Wait, WTF? Did I miss something and you got an invite? Or are you assuming a successful invasion?

 

[Prunesquallor]

Highfliers and Downtrodden Stocks Alike Are Getting Hammered. It’s Fear, Not Capitulation.
...
“Tesla (ticker: TSLA) stock, however, is off 21% over the past week. Virgin Galactic (SPCE) is down 36% over the same span. The Dow Jones Industrial Average, for comparison, is down 9.1% and the S&P 500 has dropped 8.9%.

That might sound like capitulation. What's more, shares of large companies up more than 50% year to date are down about 16% on average over the past week.

But Tesla and Galactic shares are still up more than 85% and 100%, respectively. The average gain for stocks in the plus-50% year-to-date club is 86%.
...
This means, in part, the recent selloff appears based in fear. Investors are taking a sell first, ask questions later approach. It is painful, but it bodes well for stocks when coronavirus fears fade.”

 

[Thekiwi]

FYI - Elon Musk will be interviewed on a livestream tomorrow at 10.55am as part of an air force conference:

 

[Unpilot]

Wait, WTF? Did I miss something and you got an invite? Or are you assuming a successful invasion?

Actually both....but if the first is not honored the second will happen

 

[Christine69420]

Anybody can share Europe delivery no. so far this Q v.s. last Q? I think it's going to give us some sense of how delivery is going on right now. if Q1 lags, we might well see the stock tank with macros in Q1/2.

The ships started days later so first deliveries are later too. Earliest I've heard is people getting their TM3 March 4th in Norway. Since usually shipped trough the Netherlands I guess first deliveries even earlier there.

For some of the countries look here: EV registration statistics for The Netherlands, Norway and Spain

 

[lklundin]

Yes, Sold to take profit from basis of 225$

So, whats your point ?

To rub it in: by choosing to not own your 200 shares of TSLA as they went from 317$ to 676$ you missed out on that price gain times 200, that's close to 72k$ of _extra_ cash you spent to own your 200 shares. You also had capital tax gains of 200 times your realized gains, that's 18400$ of taxable income - offset by your new and much higher cost basis, meaning that your future capital gains will be much less - which sounds kind of nice - but really is not, because it comes from the fact that your future profits are going to be so much smaller.

So with the relatively simple buy and hold strategy, you could have increased your holdings from 200 to 300 shares today, for about the same invested money (since those 100 shares would have cost 67.6k$, i.e. about the amount you would have available for trading today, had you not sold at 317$).

I think the metaphor 'trying to catch a falling knife' tries to convey that timing one's trades in a highly volatile market can turn out much worse than a simple buy and hold strategy.

 

[AlexS]

Maybe, but based on development in China, we are still weeks away from peak in S.Korea, Japan, Italy. There is risk for community spread in other EU countries as well. And I dont think US is well prepared, if we see cases hiking in CA, NYC. Surely the market will continue to tank. And we will have super Tuesday next week. Wait for the Bernie effect. I kind of like this guy. But seems he doesnt like my portfolio.

In China people were unaware for two months, in EU everyone is ready for it, so italy should be contained faster.

 

[JusRelax]

ARK bought more TSLA today:

 

[phantasms]

I fully expect it to bounce off 420.69 as this is all a simulation.

ARK bought more TSLA today:


View attachment 515820
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To keep it at 10% I presume, no? Same reason they sell when it goes up.

 

[ggr]

Letting expire is better for tax: you can deduct a 100% loss vs a 99.99% loss if you close the open position.

And most brokers still charge a commission on options contracts, so selling for a few pennies actually costs you money.

 

[willow_hiller]

To keep it at 10% I presume, no? Same reason they sell when it goes up

Had the same thought at first, but it's a 10% maximum, not a minimum!

If TSLA fell below their previous 10% holding and they chose to increase it back to 10%, it means they still have confidence in the stock. As they should!

 

[Fact Checking]

Actually both....but if the first is not honored the second will happen

You clearly got invited, these are the exact words of @Krugerrand:

Hmm... I almost want to invite you to my island for a beer now.

And you and your friends kindly accepted.

(I'll be observing "Operation Beachhead" from a safe distance. @Krugerrand, please no warheads beyond 1 megaton yield, show restraint in your response.)

 

[avoigt]

I fully expect it to bounce off 420.69 as this is all a simulation.


To keep it at 10% I presume, no? Same reason they sell when it goes up.

Nope. The sell when its above 10% because their set rules require it but if they buy or not depends on their assessment under the restriction the holding is below 10%.

Expect them to sell when its going up again which makes sense for their investors.

 

[ggr]

This is pretty neat - I really hope Tesla has a plan to enter this space, it would be the perfect sort of solution to enter India, Africa, Latin America etc.

Elon and Tesla are all about safety. This thing is a deathtrap. No way.

 

[Webeevdrivers]

At this rate 500s and even 400s are not out of reach.

We are in for 10 shares at 420.

Just sayin.

 

[Fact Checking]

Quite a bit of after-hours trading - 580k shares so far.

I suspect this is the mirror image of the after-hours buying we saw after ATHs - this might be leveraged longs getting margin called, and maybe smaller options writers delta hedging.

 

[Prunesquallor]

I fully expect it to bounce off 420.69 as this is all a simulation.


To keep it at 10% I presume, no? Same reason they sell when it goes up.

LOL. No.