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

[Tslynk67]

Thank <insert deity of choice> she closed that cupboard...

 

[Artful Dodger]

Uptick Rule tripped: $424.23 * 0.9 = $381.80

 

[generalenthu]

Upcoming Friday max pain is in the 405 - 410 vicinity. Sellers of ITM puts should offer a bit of support in the next day or 2.

 

[StarFoxisDown!]

Market macros ugly. Please take that into consideration. Although it does look like a rotation to a degree. Almost all my solars are positive.

I expect market macro's to bottom in mid Oct, anywhere from 5-10% lower than they currently are. Even with declining macro's, I still think Q3 numbers will push the stock back up into 400's and by the 3rd week of October, the FOMO of S&P inclusion will restart again because everyone will know Tesla will post a profit without credits based on Q3 P/D numbers.

So I feel my window for pulling the trigger on using margin is this week. I thought the sell off would continue throughout the rest of this week, but the uptick rule was just triggered so I'm a bit worried any further sell off chances are now diminished. So decision decisions

Edit: A bummer that to get Fidelity's lowest margin rates of 4.25%, I would have to do a margin loan of 500k. Anything less and the interest rates jump to 6.5% and higher for smaller and smaller loan amounts. 500k wouldn't leverage me to the point where I would have to worry about a margin call, but still......not sure I want to be that ballsy

Edit #2: There are a couple other stocks I'd like to buy too. So not like all 500k would go into Tesla. Hmmm

 

[jerry33]

CNBC keeps on leading with “analysts” that were telling people to sell years ago...

...and then the stock went 10x.

Why are they still going to these people for opinions on Tesla?

It’s obvious they *still* no nothing.

They know, but as long as Tesla doesn't pay the ransom, CNBC will put out every negative thing they find. (The analysts either know nothing or have an anti-Tesla agenda).

 

[generalenthu]

what calls are you getting?

Not very relevant, but in my case they're 160 strike for next month that I might roll again or convert back to stock if there's a large-ish pop to ATH. Or double down if we see further weakness. Who knows.

 

[bkp_duke]

Getting super close to triggering uptick rule.

Edit: just crossed it.

For the novices here (me), what is the significance of the uptick rule?

And I did google it, it just still doesn't make sense to me.

 

[Dig deeper]

News cross the wire before there's a link to post.

In the interest of speed I post important news as I see them rather than wait for a link to an article.
I'll stop doing that if people prefer the non-actionable articles over novelty.

I've been meaning to thank you for giving us part of the feed from what looks like your Bloomberg terminal.

Please know, its very much appreciated by everyone who is unable to pay 25k per year for the service.

 

[jerry33]

CALIFORNIA TO BAN SALES OF NEW AUTOS WITH INTERNAL COMBUSTION ENGINES BEGINNING IN 2035

Well, that's pretty safe (politically), they'll be gone long before then.

 

[GOVA]

This is unbelievable! 9% down on such great news. It just boggles the mind! I don’t get it at all.

Actually, this is expected behavior after EVERY major piece of great T S L A news. Look back and see for yourself.

 

[BrownOuttaSpec]

Anyone else speculate the batteries running down the edge of the car? In the top screenshot there is red on the outside edge that is labeled as "excess structure", but on the bottom picture that same location is still there but grey. It looks like one of the new battery cells would fit pretty well in that space and giving a 5-10% increase in capacity. Maybe I am just getting a bit crazy over here as the stock hits $380 and I am searching my couch cushions for some more dry powder.

 

[aznt1217]

Anyone else speculate the batteries running down the edge of the car? In the top screenshot there is red on the outside edge that is labeled as "excess structure", but on the bottom picture that same location is still there but grey. It looks like one of the new battery cells would fit pretty well in that space and giving a 5-10% increase in capacity. Maybe I am just getting a bit crazy over here as the stock hits $380 and I am searching my couch cushions for some more dry powder.

It won't they are going to push it inwards as much as possible. Elon went over this with the whole aspect of turning force and preventing side impact damage

 

[strago13]

What a good day to convert stock to deep in the money calls and add more deltas for almost no premium.

God bless the IRAs.

I am in the opposite situation, trying to get late 2022/early 2023 LEAPS, but they are just way to expensive. I guess a $400 pre split price drop will do that to the IV.

For instance, a JAN 2021 $500 call is 176.60, so for it to be profitable the stock would need to be $700 a share. Chances are that is going to be the case, but they are just so costly right now.

 

[T@oo]

I tried to put that 3TWh battery production for 2030 in my 32 bit Excel but the cell ran out of integers.

Seriously, I‘m eagerly awaiting the usuals suspect with far deeper knowledge than me to update future valuations and price targets. Something about my 18k usd/ share by 2030 surely can‘t be right. Right?!

 

[TheTalkingMule]

Nov20th $450 calls are now $34.75

Not advice, just shocked to see decent option pricing for a TSLA call further out than 2 freakin days!

 

[Drax7]

CNBC plays the recurring theme that Elon is some sort of con.
It’s all pie in the sky etc, and the big boys are coming, and
Nothing he presented yesterday has any special value.
They parade a bunch of know nothings to opine.

Wonder how do they reconcile his engineering success at Space X.
Is that also a fraud. Does BJ also think the big boys are coming
After space x.

 

[Sofie]

I expect market macro's to bottom in mid Oct, anywhere from 5-10% lower than they currently are. Even with declining macro's, I still think Q3 numbers will push the stock back up into 400's and by the 3rd week of October, the FOMO of S&P inclusion will restart again because everyone will know Tesla will post a profit without credits based on Q3 P/D numbers.

So I feel my window for pulling the trigger on using margin is this week. I thought the sell off would continue throughout the rest of this week, but the uptick rule was just triggered so I'm a bit worried any further sell off chances are now diminished. So decision decisions

Edit: A bummer that to get Fidelity's lowest margin rates of 4.25%, I would have to do a margin loan of 500k. Anything less and the interest rates jump to 6.5% and higher for smaller and smaller loan amounts. 500k wouldn't leverage me to the point where I would have to worry about a margin call, but still......not sure I want to be that ballsy

Edit #2: There are a couple other stocks I'd like to buy too. So not like all 500k would go into Tesla. Hmmm

What other stocks are there?

 

[henchman24]

I snagged a couple Jan 2021 calls right on the uptrick rule triggering. I may not get the full discount I'd really want (gut feeling tomorrow isn't great either), but they cratered so hard that when the positive Q3 news starts coming in they could jump back up.

 

[M|S|M MYP]

I tried to put that 3TWh battery production for 2030 in my 32 bit Excel but the cell ran out of integers.

Seriously, I‘m eagerly awaiting the usuals suspect with far deeper knowledge than me to update future valuations and price targets. Something about my 18k usd/ share by 2030 surely can‘t be right. Right?!

Can't be right....too low

 

[Big Time]

Added to my position. Not much, but it’s for the cause!