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

[Curt Renz]

Morgan Stanley with a downgrade to underweight now. Citing Chinese US relations as most concerning issue

Goldman Sachs and Morgan Stanley downgrade Tesla, saying the stock has gotten ahead of itself

Investors really like Tesla at 1000...should see an early fight to get back there this morning. Not sure the downgrades have mentioned anything new that would draw investor interest out. I think we see a dip for Q2 then rocket away from there

There had been talk this week of it being a good time for Tesla to raise capital with its share price over $1000. Goldman Sachs and Morgan Stanley have been serving as the two lead underwriters for subsequent offerings by Tesla. They would prefer to attempt selling a prospective offering of new shares to their clients at a lower more attractive price. Hence the doubly whammy of downgrades today.

All they have really done is set up a dip buying opportunity for those who have been waiting for one.

 

[Tslynk67]

The buy side of Morgan Stanley must want some more shares.

 

[Unpilot]

lol @ Adam Jonas with a revised price target on a Friday....

His "pronouncement's" sound so much like a certain orange tinted individual it is not funny.
Consistently wrong yet put out with a confident assertive tone.
Sad.....sad....men.

 

[StealthP3D]

OT
Munro's latest video has a teaser. He knows which way the 3rd row seats are going to be facing based on holes in the casting. Can anyone work out which way?

You don't need a casting to tell you which direction the seats in the 3rd row of a Model Y face - all you need is one look at the roofline.

The rear seats will face rearwards.

 

[Artful Dodger]

It seems every 'Put' holder with Strikes above $930 will be movitated to cap the SP this afternoon. Here's the 'Open Interest' chart from 1 hr ago. Tthere's a steep put wall at $930

EDIT: I see now the the NASDAQ NDX has gone negative (~macro headwinds)

 

[Cherry Wine]

View attachment 550812

These guys....gotta love em....

Imagine trying to time market sentiment with weekly options, unhedged, such that a loss would "really hurt." He might as well play roulette, or at the least, poker (where you can attempt to read situations).

 

[computerchuck]

 

[Opus BC fan]

I have been forced to increase my average share price. I will update my number at the days' end.

 

[dl003]

This doesn't look like a panic sell off because cruises and airlines are still up big today. Does anyone else think it's a market-wide shake-out attempt?

 

[LN1_Casey]

OT
Munro's latest video has a teaser. He knows which way the 3rd row seats are going to be facing based on holes in the casting. Can anyone work out which way?

I think he and his channel are just floundering as to what to post now that they have relative fame and profit from it. The Tesla videos are the obvious money makers, but they don't have the Y to break down anymore and they're not going to sink the cost to redo the S, 3, or X.

That being said, still interesting to hear his experience.

 

[M|S|M MYP]

This doesn't look like a panic sell off because cruises and airlines are still up big today. Does anyone else think it's a market-wide shake-out attempt?

Think more on the line of MM's manipulating the market and getting in on a lower price.

 

[Artful Dodger]

Bears are running a 2x multiple on TSLA vs NDX (macros) on the way down:

-1.5328% / -0.7764% = 1.974
or 2.0x vs NASDAQ-100​

...but only allowing a 1.5x multiple on the way up: this is an example of "capping".

Paging @Papafox

 

[M|S|M MYP]

Im goin with a $949.77 close today.....my radar never fails me

 

[StarFoxisDown!]

Quite the bear raid today. The stock get's pushed down hard when the macro's go lower and doesn't experience nearly as much of a bounce when the macro's do. Anyone think this an attempt to make next weeks option expirations in play? The stock price at $1,025 was gonna be really hard to get down to max pain for next week, even if max pain rose considerably.

 

[Curt Renz]

Piper Sandler managing director Craig Johnson was a regular guest of mine on my old TV show. He still sends me his newsletters. In early 2013 he recommended TSLA, which inspired me to buy my first shares at $38.

Today he did not comment on TSLA, although he had recommended it last month a couple of times. I subsequently doubled my position. His colleague Alexander Potter has it rated as a BUY.

However, this morning Craig did write this regarding the overall market:

In conclusion, U.S. equities have pulled back from overbought levels. Concerns over a second wave outbreak of COVID-19 and the Federal Reserve’s gloomy assessment of the road to recovery have thrown some cold water on the rally. Given the record-setting pace of the advance, and building economic uncertainty, pullbacks and volatility should be expected. However, we believe weakness should be bought as the technical and fundamental backdrop implies the lows have been set for stocks and the economy. We reiterate our year-end price objective on the SPX of 3,600.

 

[Opus BC fan]

So that's it ?! They can only manipulate down about 5% ?!. What a wimpy group of lowlifes...

 

[Hock1]

There had been talk this week of it being a good time for Tesla to raise capital with its share price over $1000. Goldman Sachs and Morgan Stanley have been serving as the two lead underwriters for subsequent offerings by Tesla. They would prefer to attempt selling a prospective offering of new shares to their clients at a lower more attractive price. Hence the doubly whammy of downgrades today.

All they have really done is set up a dip buying opportunity for those who have been waiting for one.

Thanks, Curt. Makes sense to me.

 

[StarFoxisDown!]

I got buys in from 935 all the way down to 919. Overall pretty happy. Next week is gonna be interesting with the monthly options expiration. There may be lots of shenanigans and it may go lower but I think we've de-risked Q2 P/D's by a good amount in case they come in below what some of us are expecting(I'm solidly in the 82-90k range).

I also for some reason have a hunch battery day date is going to be given over the weekend. Idk, just something about the Semi email and Elon confirming it makes me think the date is close.

 

[obie_fl]

In for a couple dozen more shares at $932 will accumulate more if we dip into the $800s.

Could the SP today be driven by the uncertainty of whether the Model Y 3rd row seats are front or rear facing?

 

[space_s3x]

What's going on at Giga Nevada recently?