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

[pz1975]

Right on cue, here comes the FUD.
Tesla slashes price of Model Y SUV as coronavirus hurts demand
https://nypost.com/2020/07/13/tesla-slashes-price-of-model-y-suv-as-coronavirus-hurts-demand/

Never change, NY Post, never change.

 

[Unpilot]

How many shares do you have to dump to drop the price almost $30 in 2 minutes?
It went from 1669 to 1640 in 2 minutes.

 

[Curt Renz]

Benzinga - 7 minutes ago: Tesla Analyst Expects 'Game-Changing' Battery Day Announcements

 

[dakh]

It goes under lifestyle inflation category because the maintenance cost increases your cash outflow. In certain instances where you owned some ICE vehicle that cost more cash to carry, then you are experiencing lifestyle deflation.

I think it'll all depend on how FSD appreciation curve will mesh with vehicle depreciation curve. Looking at other options, I see maybe a few ICE vehicles that can match that, like certain models of Toyota trucks that will likely appreciate over time like air cooled 911's did in the last decade.

I think that FSD will have the usual Tesla exponential, right now we're in the run-up phase. Once it starts to go, that will be the real nail in the coffin of traditional auto.

 

[Todd Burch]

Dropping us back to the day's opening. Hopefully this is another tornado.

 

[EV forever]

We are still up $100 from Friday's closing, and I am disappointed
I am so very spoiled....

 

[Rammstein]

PPL who went through it will understand. Because it is a lot of pain.

What kind of pain? Wouldn’t mind a bit of advise. Not sure what to expect with this new wealth.

 

[Todd Burch]

Shenanigans!

 

[ggr]

Tesla had planned to build the original Roadster with a gas engine??

No, he was designing what became the Model S. Doesn't matter, Franz is much better anyway.

 

[UnknownSoldier]

Looks like we are deflating a bit. Actual profit taking? Unheard of!

 

[elasalle]

So was the morning rush ... Monday Morning Margin Call ... MMMC ?

 

[ThisStockGood]

Wow, Hell of a ride - hold, longs!

 

[MTL_HABS1909]

Wow epic drop. Might need to buy more soon....

Edit: -$110 in 10 mins

 

[Quesder]

wow, this reminds me Feb 4 2020. How many of you jumped in buying and get hurt?

 

[wipster]

What the hell just happened?

 

[Unpilot]

ok now a 250 dollar swing...dis baby is a SWINGER!

 

[Big Time]

Beam me up scotty

 

[LN1_Casey]

wow, this reminds me Feb 4 2020. How many of you jumped in buying and get heart?

Considering the drop in February went from 900 to 1500 now, I say pretty good.

 

[Cherry Wine]

FYI in macro news:

US to reject nearly all Chinese claims in South China Sea

WASHINGTON (AP) — U.S. officials say the Trump administration is poised to escalate its actions against China by stepping squarely into one of the most sensitive regional issues dividing them and rejecting outright nearly all of Beijing’s significant maritime claims in the South China Sea.

In a move the officials say is expected as early as Monday, the administration will present the decision as an attempt to curb China’s increasing assertiveness in the region with a commitment to recognizing international law. But it will almost certainly have the more immediate effect of further infuriating the Chinese, who are already retaliating against numerous U.S. sanctions and other penalties on other matters.

 

[traxila]

Wow.

This was many longs capitulating.

And of course the MM and momo traders jumping in.

What a fortune people can make if they are on the inside with this.

Crazy.