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Didn't Overlord Musk confirm during the Q3 Investor's Call that the new building was a cell factory?

He didn't say the word "cell". He said:

"The second building is indeed for battery and module production"

Many people here (not me) interpreted that as:

"The second building is indeed for battery cell and module production"

I interpreted that as:

"The second building is indeed for battery pack and module production"
 
Indeed. Curious as to cross over impacts between telsa and spacex stock prices. Do they move in snyc?
SpaceX is not listed, so there is no public share price. Private placements have shown rising valuations, but there is negligible movement, none that is relevant to this comparison. That said, the impact of Starlink is now 100% negative, but when it turns on later next year there will be rapidly rising revenues from multiple sources, almost certainly including some governments. When that happens there will be some dramatic changes for SpaceX. Only current shareholders are likely to know more than that.
 
I’ve reached my free article limit. Can you summarize?
Survey results are skewed to those willing to do a 15 min survey. Of brands people leave to take ownership of a M3, BMW is the taking the greatest blow (as a percent of total sales) while Toyota is the absolute in terms of numbers. People are happy with the car, female gender that bothered to respond are very happy with it (but few respondents). Gear heads saying they'd probably never be without an EV again, likely greatest compliment. Some directly blaming BMW for lack of ev leadership after lots of talk several years ago. People are ditching prius in a big way. Some author speculation that the Tesla may be getting people to re-evaluate what is normal for car expenditures. Same as Apple did for phones.

Service not getting big dings. People like elon (mostly). ....


BMW experience here seems to confirm the Der Spiegel article ..that BMW is lost.
 
I’ve reached my free article limit. Can you summarize?

99% of Model 3 owners surveyed would recommend the car to friends and family. This is possibly the highest customer satisfaction of any product in history, at least it is the highest I know of. It disproves the majority of TSLAQ and media FUD once and for all. It also suggests Tesla has a salesforce equal to about 99% of deliveries.

Also, it looks like around 80% say Model 3 is more reliable than their previous car and well under 5% say it is less reliable.
 
Surprised that I haven't seen this posted yet - the new Bloomberg survey data is out:

Bloomberg - Are you a robot?

Lots of great stuff in there. :)

Absolutely. Many things already known too, but reaffirmed and nicely presented. Also:

Quote/ Bloomberg’s survey respondents were, as a whole, the epitome of early tech adopters. Almost 95% were men, and most were ages 30 to 50 with above-average incomes. The biggest concentration was from California, and employment was dominated by the tech sector. This demographic homogeneity may also partly reflect Bloomberg’s readership and the type of person who is willing to spend 15 minutes on a survey about cars.

Tesla is just beginning to move beyond the early adopter-stage and will need to expand across new demographics if it wants to keep growing. /Unquote

As exhaustively commented upon by @jbcarioca and others probably several hundred pages back...
 
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Reactions: SteveG3
Survey results are skewed to those willing to do a 15 min survey. Of brands people leave to take ownership of a M3, BMW is the taking the greatest blow (as a percent of total sales) while Toyota is the absolute in terms of numbers. People are happy with the car, female gender that bothered to respond are very happy with it (but few respondents). Gear heads saying they'd probably never be without an EV again, likely greatest compliment. Some directly blaming BMW for lack of ev leadership after lots of talk several years ago. People are ditching prius in a big way. Some author speculation that the Tesla may be getting people to re-evaluate what is normal for car expenditures. Same as Apple did for phones.

Service not getting big dings. People like elon (mostly). ....


BMW experience here seems to confirm the Der Spiegel article ..that BMW is lost.


I made a prediction to my wife recently that VW will survive barely with government help (too big to fail) and selling some assets (brands). Daimler will become niche, high end. BMW will go bust and will be removed the core and sold to China. As a german, this will hurt. I hope my TSLA will make up for it as a hedge.
 
Survey results are skewed to those willing to do a 15 min survey. Of brands people leave to take ownership of a M3, BMW is the taking the greatest blow (as a percent of total sales) while Toyota is the absolute in terms of numbers. People are happy with the car, female gender that bothered to respond are very happy with it (but few respondents). Gear heads saying they'd probably never be without an EV again, likely greatest compliment. Some directly blaming BMW for lack of ev leadership after lots of talk several years ago. People are ditching prius in a big way. Some author speculation that the Tesla may be getting people to re-evaluate what is normal for car expenditures. Same as Apple did for phones.

Service not getting big dings. People like elon (mostly). ....


BMW experience here seems to confirm the Der Spiegel article ..that BMW is lost.
It's quite interesting just how much worse BMW is being hit than Mercedes. That could imply that Tesla (should it want to) could expand its luxury market share by producing a more opulent interior variant.

Also, I hope Tesla have robust QA around the indicator stalk with so many BMW drivers migrating brands.
 
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One of the better jokes I've seen on Twitter lately
Screenshot_20191112-130156_Twitter.jpg
 
Just to visualize this force, here's a kind of graph that I haven't seen anywhere yet, a per strike price straddle tree of the sum of all future TSLA expires, rounded to $10 levels:
Code:
 Strike  : Open-interest (contracts)       Strike   : Open-interest (contracts)
 --------: ------- ---------------------   ---------: ----------------------------
 PUT $010:   9,112 ###                 ,   CALL $010:       4                
 PUT $020:  89,304 ###################+,   CALL $020:      22                
 PUT $030:  55,501 ##################  ,   CALL $030:      33                
 PUT $040:  17,849 ######              ,   CALL $040:     264                
 PUT $050:  30,426 ##########          ,   CALL $050:     539                
 PUT $060: 191,028 ###################+,   CALL $060:     789                
 PUT $070:  11,445 ###                 ,   CALL $070:   1,258                
 PUT $080:  31,040 ##########          ,   CALL $080:   1,747                
 PUT $090:  12,822 ####                ,   CALL $090:   1,014                
 PUT $100:  16,097 #####               ,   CALL $100:     894                
 PUT $110: 106,807 ###################+,   CALL $110:   1,221                
 PUT $120:  10,856 ###                 ,   CALL $120:     130                
 PUT $130:  18,243 ######              ,   CALL $130:     238                
 PUT $140:  11,467 ###                 ,   CALL $140:     963                
 PUT $150:  14,801 #####               ,   CALL $150:     353                
 PUT $160:  50,295 ################    ,   CALL $160:   1,823                
 PUT $170:  18,238 ######              ,   CALL $170:     774                
 PUT $180:  39,685 #############       ,   CALL $180:   1,064                
 PUT $190:  44,755 ###############     ,   CALL $190:   2,885 #              
 PUT $200:  46,209 ###############     ,   CALL $200:   3,705 #              
 PUT $210:  89,778 ###################+,   CALL $210:   6,760 ##            
 PUT $220:  39,622 #############       ,   CALL $220:   4,610 #              
 PUT $230:  70,820 ###################+,   CALL $230:  12,740 ####          
 PUT $240:  58,789 ###################+,   CALL $240:  20,722 #######        
 PUT $250:  36,246 ############        ,   CALL $250:  13,175 ####          
 PUT $260:  49,734 ################    ,   CALL $260:  30,857 ##########    
 PUT $270:  23,286 #######             ,   CALL $270:  18,830 ######        
 PUT $280:  26,252 ########            ,   CALL $280:  27,438 #########      
 PUT $290:  26,032 ########            ,   CALL $290:  20,858 #######        
 PUT $300:  19,060 ######              ,   CALL $300:  11,066 ###            
 PUT $310:  38,545 #############       ,   CALL $310:  48,845 ################
 PUT $320:  30,974 ##########          ,   CALL $320:  20,341 ######        
 PUT $330:  28,666 #########           ,   CALL $330:  36,584 ############  
 PUT $340:  33,968 ###########         ,   CALL $340:  28,440 #########      
 PUT $350:  15,711 #####               ,   CALL $350:  26,589 #########      
 PUT $360:   6,762 ##                  ,   CALL $360:  42,065 ##############
 PUT $370:   3,321 #                   ,   CALL $370:  42,555 ##############
 PUT $380:   2,953 #                   ,   CALL $380:  20,032 ######        
 PUT $390:   1,533                     ,   CALL $390:  17,042 #####          
 PUT $400:   1,716                     ,   CALL $400:  12,745 ####          
 PUT $410:   2,562 #                   ,   CALL $410:  33,022 ###########    
 PUT $420:     141                     ,   CALL $420:   9,873 ###            
 PUT $430:     150                     ,   CALL $430:  19,617 ######        
 PUT $440:     218                     ,   CALL $440:   7,422 ##            
 PUT $450:      68                     ,   CALL $450:   8,061 ##            
 PUT $460:     440                     ,   CALL $460:  11,943 ####          
 PUT $470:     139                     ,   CALL $470:   2,105                
 PUT $480:     473                     ,   CALL $480:   2,534 #              
 PUT $490:     704                     ,   CALL $490:   4,902 #              
 PUT $500:     132                     ,   CALL $500:   2,669 #              
 PUT $510:   1,200                     ,   CALL $510:  17,975 ######        
 PUT $520:      46                     ,   CALL $520:     996                
 PUT $530:      37                     ,   CALL $530:   1,379                
 PUT $540:      28                     ,   CALL $540:     911                
 PUT $550:      19                     ,   CALL $550:   2,540 #              
 PUT $560:     140                     ,   CALL $560:   4,475 #              
 PUT $570:      55                     ,   CALL $570:   1,815                
 PUT $580:      15                     ,   CALL $580:     453                
 PUT $590:      41                     ,   CALL $590:     826                
 PUT $600:      31                     ,   CALL $600:   1,610                
 PUT $610:     111                     ,   CALL $610:  17,589 ######        
 PUT $620:       0                     ,   CALL $620:   3,170 #              
 PUT $630:      15                     ,   CALL $630:   2,772 #              
 PUT $640:       0                     ,   CALL $640:   2,019                
 PUT $650:       4                     ,   CALL $650:   3,205 #              
 PUT $660:       0                     ,   CALL $660:   1,924                
 PUT $670:       0                     ,   CALL $670:     809                
 PUT $680:       0                     ,   CALL $680:   1,251                
 PUT $690:       1                     ,   CALL $690:   3,404 #              
 PUT $700:       7                     ,   CALL $700:  29,414 #########      
      total:  PUTs: 1,436,525 ; CALLs:   682,699

Note that normally doing this is not valid, because the time value of different expiries is incompatible and hence the delta risk value is different. But this is nevertheless a good way to look at the 'maximum exposure' risk profile of options market makers: should TSLA price level rebase higher permanently, they'd have to buy up to this much matching inventory.

How to read this chart: as we go to price levels beyond the current ~$340, every 10,000 contracts corresponds to a maximum delta risk of up to 1 million TSLA shares (which MM's would have to buy to stay delta-neutral) - and an additional reduction in PUT risk, should they move way out of the money.

These forces appear to be very strong: from $340 upwards there's 1-4 million shares worth of delta risk for every $10 increase up to $460, around 28 million shares in total - plus a reduction in PUT risk as well.

I.e. this force appears to be approximately as strong as any buy-to-cover pressure of the very high TSLA short open interest. (!)
What I think you are saying is that the huge options buying makes the SP subject to more pronounced swings. When sentiment turns negative, the SP will fall further more rapidly because of option hedging, and vice versa.

It also means to me that it’s harder to turn the sentiment around by technical traders. Until the release of the Q2 good delivery report, the SP was down to a ridiculous 190, and would have gone even lower if the Q2 delivery numbers were not so good. Conversely, good luck to the traders hoping for resistance to last long at 387. If the Q4 numbers are good (and guidance is good) sentiment should stay positive, and it could push the SP to highs that will certainly seem ridiculous to the shorts, if not to us.