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

[JRP3]

A very poor click bait video. Would not buy anything through him and will try not to view any of his videos again.

Yeah his videos are usually super cringe. I hope he gets a bill for 50 Cybertrucks.

 

[Cobbler]

Look what's rising again in the Netherlands: Model 3 deliveries

 

[Lessmog]

Wow, only 52 watts -- that IS very low power! How much is that in HP? Not the new Mustang I hope.

That's 52 Watts per foot though.

Still, 208 W is not a lot for a Mustang. You did mean hoof, right?

BTW, nice recovery towards the close here.

 

[oldTAVguy]

Yeah his videos are usually super cringe. I hope he gets a bill for 50 Cybertrucks.

Or taken to court for fraud.

 

[thx1139]

Look what's rising again in the Netherlands: Model 3 deliveries

View attachment 520334

Its almost like they couldnt deliver until they arrived and were removed from ships.

 

[jkirkwood001]

Think Tesla's stock is getting hit hard? The other manufacturers are getting hit too.

I keep being amazed at how much of a free-fall Daimler is in - down 2½ times what they were worth in 2017 (2nd bar in series), or -33% per year. And TSLA is still up 3½ times what they were worth last year.
View attachment 520286

Daimler could have bought Tesla for practically chump change back when they contracted them to supply the batteries for their FourTwo in 2016. Amazing what has happened since then...

 

[Tslynk67]

Capping at $645??

What do I win?

 

[re04586]

This stock just ran into a wall at 645 even with the Nasdaq running up.

 

[S3XY]

I think Elon mentioned that there will be tours of GF2 available after the event. Since it's right in town for me I plan on showing up regardless and see what happens. Maybe one of the youtube bloggers will take me as a +1 if I let them review my Model Y.

In response to the disagree.

 

[StealthP3D]

They cancelled the new Cadillac BEV. The market already knew it was going to be a disaster.

Exactly! Everyone knows it's cheaper to not make them in the first place than it is to make them, distribute them at a loss and then recall and crush them. That's an expensive habit.

 

[StealthP3D]

Electrek - 1.5 hours ago: Tesla gets banned from KC Auto Show, owners volunteer to take over - Electrek

I hope they had banners made saying: Check out the cars the competition is so afraid of they banned them!

 

[DaveT]

Today I have reached my target of 2,000 Tesla shares!

I bought roughly 1,500 at an average price of $300 and the other 500 I have bought all the way up to $900 and then all the way back down again to $600 at an average price of $500.

I am stopping at 2,000 and holding long term. This is a good amount for the two following reasons:
1. My bank says they will give me a loan at 1% interest on 80% of the value of the TSLA shares to buy a house if I wish. Even at current prices, this gives me an "almost free" $1m loan to do so and is cheaper than getting a mortgage
2. The main reason. I expect TSLA to be at least $3,000 in 5 years time. $6m allows me to live well. If it gets to $10,000 then $20m will be great. If it gets to Cathie's $22,000 then $44m will give me a little security in later life

It's been an incredible ride, but now I am done!

Congrats @cricketman

Just a minor note, the loan your bank gives you likely uses your stock as collateral. Vs a mortgage which uses the house as collateral. An important distinction to keep in mind.

 

[Rashomon]

Exactly! Everyone knows it's cheaper to not make them in the first place than it is to make them, distribute them at a loss and then recall and crush them. That's an expensive habit.

It's not cancelled; the press event was delayed because of Corona virus concerns. It's so far in advance of production (next year) that GM doesn't have a lot of urgency with the event.

Cadillac postpones reveal of EV over coronavirus concerns

 

[JusRelax]

Has it been posted that Tesla China is offering 'contactless test drives' to its potential customers? My mandarin is extremely limited, so maybe someone else can better explain how this works? @Causalien @kengchang @Mars ☰mperor

Tesla Chinese Ad: Contactless Test Drive in Coronavirus Season : teslamotors

 

[ruralectric]

Congrats @cricketman

Just a minor note, the loan your bank gives you likely uses your stock as collateral. Vs a mortgage which uses the house as collateral. An important distinction to keep in mind.

Also @cricketman, if the shares are in a pretax account, the IRS will treat such use of shares as a distribution and you'd owe income tax on the entire amount. I couldn't find the relevent citing in the code but it's described here and elsewhere: Can You Use IRA Accounts as Collateral?

Edit: U.S tax law.

 

[Tslynk67]

This stock just ran into a wall at 645 even with the Nasdaq running up.

Yeah, a big, fat wall of manipulation, that's what

 

[Lessmog]

Also @cricketman, if the shares are in a pretax account, the IRS will treat such use of shares as a distribution and you'd owe income tax on the entire amount. I couldn't find the relevent citing in the code but it's described here and elsewhere: Can You Use IRA Accounts as Collateral?

But it seems @cricketman is not in the US, so the IRS may be irrelevant here.

 

[Ratanpara]

TSLA is fully charged to go higher if macro environmental improves, already sign of decent first quarter, 1 millionth vehicle produce, China getting stabilized from virus, looks like supply chain didn’t affect GF 1 production.

 

[SMAlset]

Also @cricketman, if the shares are in a pretax account, the IRS will treat such use of shares as a distribution and you'd owe income tax on the entire amount. I couldn't find the relevent citing in the code but it's described here and elsewhere: Can You Use IRA Accounts as Collateral?

great info. Also if your stock is used as collateral and goes down in value below the loan balance won’t the bank will be contacting you?

 

[Nocturnal]

I hope they had banners made saying: Check out the cars the competition is so afraid of they banned them!

The news story basically came across that way. I'm in that group myself but couldn't attend this time. Great bunch of active Tesla proselytizers. They said they had about 1k or so people come through their mini show.