Tesla (model S inventory cars) is now discounting some options .
Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
FYI I've confirmed that Tesla's supply chain is 100% operational with no snags (no I'm not going to tell you how, trust me or don't!). Last week was a record week for production at Shanghai. Doesn't mean stock can't go down during this mass hysteria but operationally, Tesla has not seen any impact from CV.
So a bit of a personal note but funny how it corresponded to this market "correction" and really affected my mental state. Our Model 3 (almost 50K miles) developed an awful creaking coming from the suspension suddenly on Monday. It's probably a control arm. The thing sounds like a rickety stagecoach going down the street, to the point that it's utterly embarrassing and everyone turns and looks. At least everyone can hear me coming in parking lots now. It'll be fixed Monday (I hope) and maybe with a HW3 upgrade too!
But combined with my TSLA-heavy portfolio being down nearly 50% and not enough dry powder to feel like I was really able to take advantage of the sale, sure felt like things were coming apart. Of course I'm well aware that everything will be ok, and this is such a small blip in the grand scheme of things...Tesla is continuing down its path of saving the world via domination, and the SP will quickly trend in the right direction.
When I step back and parse everything out, it was our beloved Model 3 developing this issue that was bothering me most. Maybe it's just an illustration of how deeply consumers can fall in love with these products.
But combined with my TSLA-heavy portfolio being down nearly 50% and not enough dry powder to feel like I was really able to take advantage of the sale, sure felt like things were coming apart. Of course I'm well aware that everything will be ok, and this is such a small blip in the grand scheme of things...Tesla is continuing down its path of saving the world via domination, and the SP will quickly trend in the right direction.
When I step back and parse everything out, it was our beloved Model 3 developing this issue that was bothering me most. Maybe it's just an illustration of how deeply consumers can fall in love with these products.
TheTalkingMule
Distributed Energy Enthusiast
Happened market-wide. Algos are no doubt teetering on BUY right now and anything remotely positive triggers big swings up. A computer doesn't care if it's a bad flu year.What the hell was that, hit 690 and two seconds later down to 660. Reeks of manipulation
Is it just me or no ''main stream'' media seems to have caught up the model Y march delivery news???
Timing the market is hard, but I know an indicator that worked last year.
In 2019, Adam Jonas bashed Tesla for five months until late May when TSLA sank below $180. Then he contradicted himself within a week and turned positive on company prospects. That's when I started buying shares again.
When a volatility-milker like Morgan Stanley signals they are ready to milk an upswing, that's when I expect it to start. Of course this is a historical sample size of only one. But I'll be watching Joker Jonas this year.
Nocturnal
Supporting Member
Not investment related.
I had the same sharp creaking sound coming from the read suspension when the car was around 40k mile. It was super loud and uncomfortable. It went away after driving on the freeway for about 10 minutes, and it hasn't came back. Hope the same goes for you.
Yesterday my Model 3 saved me on the freeway from a SUV when the driver changed lane without checking his blind spot. My car swerved before I even realize what happened. Sure the stock is taking a pummeling but I don't think any other car could avoid this crash like a Tesla could. If I were driving any other car, not sure I would be up and typing this morning. It's all about perspective and I'm just grateful my family and the other driver were both unharmed and went on our lives.
Can't ignore it once people start posting all over twitter / youtube in 2 weeks when they take delivery.
I think we might see some resistance before sp reaches $580. Elon’s tranches? Hope this is the bottom.
SoGA Fan Club
Supporting Member
Dude, they can't think about anything right now but the coronavirus. They could care less about Tesla at this moment.
And it's not just Tesla. They aren't covering much of anything else. They dream about stuff like this coming along - it's great for their business. Like a hurricane to tree removal companies!
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vikings123
Active Member
Nocturnal
Supporting Member
Coronavirus clickbait >>>> Tesla clickbait.
FWIW, I had what I thought was suspension creaking and it was just the hinge for the trunk. They said they had seen it before.
It's investment related in that maybe the car lets you live another day in order to invest.
I don't think I'm as lucky as you on the creaking but we'll see. Thankfully still under warranty (barely) or the irk-factor would increase a notch. Maybe it will resolve itself as the SP returns to the 750+ range...speaking of which, isn't max pain something around there?
Did my part early this morning .... grabbed 50 shares. Looking to add another 100 on the way up.
I sold some of my long standing AAPL early this week to free up some dry powder ... it was a move I'd been planning for a while as I feel AAPL is still a fantastic stock but it's exponential growth is behind them .... TSLA on the other hand ... well you already know!!!
Cheers to the longs .... (not totally confident my buy this morning will look as good by the close but I don't care ... let's look at it in 3 years and I'm pretty confident I will be very happy with the buy! )
StealthP3D
Well-Known Member
Why do you think significant numbers of people will have brokerage accounts down 30-50%. Yes, it's possible if the Coronavirus goes crazy but it doesn't look like that will be the case. People who sold in fear at the bottom and then shorted the market as it rose could be down that much but who does that? Probably not people who would buy a Tesla anyway.
It looks like the SP500 is only down 9.25% since the beginning of the year and 13% off its all-time high.
S Carolina primary on Saturday and others on Super Tuesday should help provide new fodder to media and they will move on from COVID fear mongering. I hopeful for markets to stabilize over weekend.
StealthP3D
Well-Known Member
FTFY. Elon is amazing but there are limits as to what is possible for one man to do!
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