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

[traxila]

What a day to be long TSLA and renewables. My solars are all jetting.

SP looking very stable. Hard to imagine a lack of fireworks in the second half of the day.

 

[jkirkwood001]

Wow - TSLA is now worth almost twice Toyota (including treasury shares). Absolutely amazing. A little over a year ago, Toyota was worth SIX times Tesla.

 

[jerry33]

I tipped torque news about this. Tim S originally posted this news here . I hope torque did all the fact check on this

The picture in Tim's post showed Tesla cabinets. No mistake about that.

 

[Bobfitz1]

No matter how much money Tesla throws at their cell development right now, it's not going to magically speed things up.

IMO this statement from your post is not yet established. On Battery Day there hopefully will be information on how applying Maxwell technology will change the hardware systems needed to mass produce these new batteries in quantities never before seen. I don't think we can assume that bottlenecks associated with the vehicle production GFs which can't be overcome more quickly by spending money faster will apply to the new battery terafactories. My understanding is the biggest single bottleneck to increasing production at Sparks has been the need for many huge ovens where solvents were baked out of the cells. Doing away with that bottleneck and introducing the custom Hibar cell production machines may well make it possible to stand up many lines in many locations. If you aren't constrained by cash to build them out near simultaneously once the first few are working well.

 

[jerry33]

Let me get this straight. The dieselgate settlement required VW to spend millions (billions?) on green technologies like the Electrify America charging infrastructure. Then they figured out that every dollar they spent on Powerpacks was one more dollar's worth of batteries that Tesla would not be putting into cars to compete with VW?

I mean, they have to spend the money on something so why not use it to siphon more batteries away from Tesla's vehicle production?

Tesla could have said no, but they didn't so presumably there are enough batteries. Also I thought that TE batteries had a different chemical composition than the vehicle batteries.

 

[LiveLong&Profit]

I find this comment quite funny.

Because when the share price was between $180-$300 last year, I was accused by a number of people as getting carried away, unrealistically bullish, too optimistic, and now I want to sell 10-15% to balance my portfolio for the first time and, to you, it means I'm not a "stalwart believer". Honestly, do you really think I would put well over half of my net worth in one company if I didn't truly believe it would be a great investment?

I apologize - I meant no offense.
You are one of my heroes and have contributed a lot to this site. Very insightful posts on many topics - thank you.
And you timed your buy-in perfectly from what I understand from your early posts. Perhaps a minor sell/re-balance id equally well timed? For sure - likely. Again you have been in this game for a long time, acc. to your posts and you know what you are doing.

Best wishes - sincerely.

I am of the - I freely admit - very bullish persuasion. Is there an 'over-the-top' bullish position? Raging bull?
I might loose it all.
So be it.

[3/5 of net wealth in TSLA - not than anyone is keeping score ... ]

 

[Curt Renz]

Link: Yahoo Finance - Stock Market Live, Quotes, Business & Finance News

 

[jkirkwood001]

I tossed and turned last night, not because I have options contracts that are volatile but because buy and hold has worked so well my account is majorly overweight in TSLA.

I’m considering selling a small amount of shares, maybe 5%, just so I can sleep better. Will decide before end of trading. Feel free to chime in with suggestions.

I'm at TSLA = 40% and feeling pretty good about it (although I don't own a house, so investments are 91% of my net worth). What does "majorly overweight" mean to you?

 

[woodisgood]

2250 feels like where they want it. But will there be volume to overwhelm that later in the day?

Splits to a nice round 450.

 

[vikings123]

I don't think this post is going to age well!

Is that comment a straddle or a call/put?

 

[MTL_HABS1909]

2250 feels like where they want it. But will there be volume to overwhelm that later in the day?

Splits to a nice round 450.

Don’t tell this to @StealthP3D

 

[jkirkwood001]

I had $10,000 in an etrade account ready to invest in Tesla shares when it was ~$35. the money had just cleared, and i was going to buy the shares the next morning. that night, i went out to dinner with my parents, and my father (who has made prudent and successful financial decisions all his life) was adamantly opposed to the choice and talked me out of it.

obviously i did eventually buy in, but it wasn't until about $230 per share. it's silly to complain, though. can't change the past, and i still did okay, haha!

by the way, went out to dinner with my parents recently, was bragging about my gains, and my Dad was like "why didn't you tell me to invest in Tesla?!"

Did you tell him that the dinner you had with him cost you about $550,000..? No, I guess that would be cruel. Just like me actually working out for you how much extra you didn't make!

 

[Rarity]

Gigafactory Shanghai progress (from Wuwa):

Buildings mostly completed, although there are unfinished fire escapes and they are still working on a few roofs. Still lots of landscaping and clearing up to do. Original plans showed a building where the current logistics and Model 3 loading yards are, not sure how they can build on that now.

Looks like the Model Y factory is pretty much done. Very nice factory. The drive unit factory looks like it has been manufacturing for a while. And what I assume is the cell factory looks like it will be brought on line soon.

I wonder whether they are sandbagging the 2021 target.

 

[Lycanthrope]

I sold 2 more 2/10 (that's 10/2 to the yankees here) c4000 - they're double the price of yesterday, so got a juicy $6k for those and purchased 2 more $TSLA for the core pot (up to 571 now = 2855 on Monday => very unsatisfactory number, am working on getting something more pleasing...).

So why do I "risk" selling-out for $4k? As I said a some weeks back, $4k is my "magic number" to enable retirement, allowing buying a decent house in Brussels (wife insists to live in the city, if we moved 2km outside, half the price...) and a summer-house, somewhere pleasant.

As it happens, my wife has found a house she wants. Discussions ensue, but end of the day, happy wife = happy husband, so I'm a bit resigned to be selling at least some in the near future, so this gamble seems well worth the risk, in fact it's free money, unless we pop up to $1000k in the next month, which I honestly think is unlikely, but anything is possible.

Saving-grace is my trading account, which is solely mine. It's stuffed with massively (for the moment) profitable 2022 LEAPS, which I'll look to convert to shares when the time comes. So not all is lost!

 

[Nocturnal]

I sold 2 more 2/10 (that's 10/2 to the yankees here) c4000 - they're double the price of yesterday, so got a juicy $6k for those and purchased 2 more $TSLA for the core pot (up to 571 now = 2855 on Monday => very unsatisfactory number, am working on getting something more pleasing...).

So why do I "risk" selling-out for $4k? As I said a some weeks back, $4k is my "magic number" to enable retirement, allowing buying a decent house in Brussels (wife insists to live in the city, if we moved 2km outside, half the price...) and a summer-house, somewhere pleasant.

As it happens, my wife has found a house she wants. Discussions ensue, but end of the day, happy wife = happy husband, so I'm a bit resigned to be selling at least some in the near future, so this gamble seems well worth the risk, in fact it's free money, unless we pop up to $1000k in the next month, which I honestly think is unlikely, but anything is possible.

Saving-grace is my trading account, which is solely mine. It's stuffed with massively (for the moment) profitable 2022 LEAPS, which I'll look to convert to shares when the time comes. So not all is lost!

yeah. I did peel a few core shares off today but sold several covered calls. Lowest are 3k on 9/11, highest 4k on 9/18. All nice premiums. If I get called at 4k I have enough that I could retire. Just not enough to buy a roadster and 50' catamaran that Youtube seems to want me to buy.

I'm at TSLA = 40% and feeling pretty good about it (although I don't own a house, so investments are 91% of my net worth). What does "majorly overweight" mean to you?

Can you see your toes?

 

[MTL_HABS1909]

Wouldn’t be TSLA without $100+ swings....

 

[mulder1231]

Link: Yahoo Finance - Stock Market Live, Quotes, Business & Finance News

View attachment 581668

One of those typical TSLA days with huge swing from green to red... Tasha has the work cut out for her...

 

[Blue horseshoe]

I tossed and turned last night, not because I have options contracts that are volatile but because buy and hold has worked so well my account is majorly overweight in TSLA.

I’m considering selling a small amount of shares, maybe 5%, just so I can sleep better. Will decide before end of trading. Feel free to chime in with suggestions.

You can buy puts to reduce your downside risk but this will cost you as premiums are so high.

Another option is to sell calls. You can sell calls at the same expiration and set the strike much higher than the current price. This creates vertical spreads with your options (assuming they're calls). This strategy caps your profit near the higher strike you choose, but doesn't require additional capital from you.

Another option is to sell calls against your option, but at shorter term expirations and at higher strike prices. This creates diagonal spreads against your options and you're more likely to keep the premiums on your sold calls and readjust your next sold calls so that they don't get exercised. More flexibility, but more work. Also does not require more capital.

Going back to puts, if you buy them at or near the current share price they will most effectively reduce your downside risk and make money for you if the price drops.

Not an expert, but hope this helps.

 

[Blue horseshoe]

Curious if this has ever happened to anyone. Woke up today and was looking at my account when I noticed a position in aapl options in my account that I never traded. Wtf?

Then I notice one of my Tesla options disappeared and this aapl option with the same strike and expiration took its place. The value of the options is correct for the TSLA options I originally had and make no sense with the strike and corresponding aapl share price.

I called td Ameritrade and the guy was baffled and has never seen this before. Little concerned because of the stock splits involving aapl and TSLA at the close and waiting to hear back from tdameritrade.

The screenshot is what I see but the numbers are wrong. That particular aapl option is trading at ~53.60.

Edit: added a screenshot
PS. Posting this in case others are using td Ameritrade and come across this issue. Not sure if they had a glitch in their system but this could be an issue with the split occurring with both companies.

Edit 2: just saw td Ameritrade fixed it. Aapl options are gone and my original TSLA options are back.

 

[HG Wells]

Must be snowing outside.
So many icicles.