Green!
Edit: probably because I sold my weekly $245 calls yesterday. You’re welcome.
Edit: probably because I sold my weekly $245 calls yesterday. You’re welcome.
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
yeah the way i read it is keep stk under 309.83 conv price if you want cash, otherwise convert to stock
any anti-rally effort, to me, is still just to suppress the stock and keep recent derivatives plays ITM, regardless of notes (that aren’t even convertible yet). that convertibles play comes down the road more in 2023 heading into feb 2024 before it turns into a straight conversion until maturity may 15 2024
The key now is how many shorts gonna cover
probably very few, unfortunately
but again, if it’s fully subscribed, that should tell you something if your honest view is expecting the most dire scenario. but most of that is BS
The convert looks like a pretty good deal...
Artful Dodger
"Neko no me"
Lol, ur right! Lots of moving parts to this story!Not everybody knows/cares about the notes is the simple answer to that one. I'm sure there is a more complete and correct answer as well.
I also notice that for today's Options expiries, Call Open Interest is 9,644 at the $250 Strike.
So that will have an upward tug. But who knows what else is afoot. #NeverDull
Cheers!
great hindsight, now give us some foresight and guarantees
Mars ☰mperor
Member
Limited-time free FSD offer for Model 3 LR, AWD & Performance for China market only.
Eligible only if ordered from 2019.5.2-2019.6.30 and delivered before 2019.6.30
Seriously, Chinese people are not used to paying for software. I know that from first hand experience.
Note that SR+ is not included
Link from official Tesla wechat account
五月：「宜」下单获好礼、与好友分享
Eligible only if ordered from 2019.5.2-2019.6.30 and delivered before 2019.6.30
Seriously, Chinese people are not used to paying for software. I know that from first hand experience.
Note that SR+ is not included
Link from official Tesla wechat account
五月：「宜」下单获好礼、与好友分享
humbaba
sleeping until $7000
I like the volume: an active trading day seems to be in the cards considering <20 minutes to pass 33% of average daily volume and clearing 43% in <30 minutes. With all of the activity I can't help but wonder if there is some short covering going on mixed with profit taking on the >$10 differential for those who bought near the bottom. Might be interesting to ask @ihors3 at end of day what short activity he saw.
“QUOTE="Artful Dodger, post: 3626129, member: 82946"]The SP will be natually capped at the convertible Senior notes price (set at May 2nd close or $244.10/share).
The offer closes on May 15. I think we'll see a natural lull until then.
Why would anyone accumulate shares at a higher SP when you could buy the notes for less?”
So you are ignoring the $500 billion mkt cap Elon just mentioned.
The offer closes on May 15. I think we'll see a natural lull until then.
Why would anyone accumulate shares at a higher SP when you could buy the notes for less?”
So you are ignoring the $500 billion mkt cap Elon just mentioned.
Yes indeed. And different from the 2025 bond that was never registered so only true institutions could buy it. I strongly suspect that's why that bond price went underwater so quickly and stayed there.
Unlike this new bond. In fact, it is already trading, and the price is going up already.
I’m seeing a 100.625-100.875 market on these now. Last print was at 100.66. At 100.875 the YTM is 1.817%, at 100.66 the YTM is 1.862%.
papa fox implied that we need a high volume day to combat overselling. which could exhaust their ammo and cause a bit of a bounce up. especially after the ride in SI over the past week, and the black candle days comparison of last week and oct and subsequent bounce up.
it’s trying to play that way at the moment.
let’s see. paws crossed
With this price action it seems highly probable the underwriters will use their options to increase this capital raise to $2.7bn. This should leave net proceeds of c.$2.4bn after fees and anti-dilution hedge purchases. This leave Tesla with a very healthy cash balance and positive free cash flow.
Pras
Member
Sitting from outside you or I couldn’t have foreseen the things Deepak could have, and that is the point of my criticism. This is one of the main jobs of the CFO.
For future they can do a few things.
- Do some stress testing of balance sheet and liquidity, play what-if scenarios.
- Remember capital and liquidity is important to any business, whether it is a start-up or mega banks. So keep sufficient cash. Don’t spend all of 2.6B, put at least half for buffer.
- Never put yourself in a box by saying we will pay bonds in cash or we will not raise capital. Say when market is appropriate we will raise capital if needed.
- Operations should work with finance..which means the “Wave” decision is not just operations decision but very much a finance decision.
- Timing is important in liquidity. Space out big capital outlays. So if FSD is the big investment, GF4 can wait a year (unless you are awash with cash, in that case deploying unused cash faster is the main concern).
With the volume, hope this just institutions buying....you know what I meant
Short squeeze will start when SP reaches 270?Similar threads
- Locked
- Locked
- Locked
