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You're talking about a company forced by Wall St and others to operate lean and profitably. I'm saying we're in a new zone now, scratch all that worry and build. If you need to boost raw materials, talk to some govts and get them moving. Or build an entirely new stationary storage GF on a formulation requiring zero scarce materials. We had a trial one in PA 4 years ago that failed only because there was no Elon to scale effectively.Construction is ongoing on 3 GFs right now. Last month the company announced $12 billion in cap expenditures over the next 2 years. What more do you want?
Also remember the DBE process must be perfected at scale. So much hinges on this. I think we all believe it's a matter of when, not if.
Even after all the bugs are worked out and 20 GWh battery lines come online, the company will be able to self-finance multiple new GFs because profits will begin exploding Q4 onward. Q4 profit is going to rock the marketplace.
I'm not suggesting capital raises won't happen again. It just depends. For example, Tesla won't ever need another cap raise if/when FSD develops into a legit L4/L5 product.
K. I feel like he hasn’t updated his numbers on twitter(I sadly don’t have patreon) since Giga Shanghai updated the production rates(the 22K figure?) and his numbers also reflected a closed Shanghai.
thx
BT
So, you are supposing that the MMs did a lot of naked shorting to suppress the price just before S&P inclusion? Because they knew it was coming? That's insane on their part.Let's wait to see what the FINRA Short Volume Report tells us after the Close. I suspect "Tons of un-informed naked shorts out there, aka MMs and hedgies (Note: many large Hedge Funds are also Market Makers. There are approx. 28 different TSLA Market Makers trading on NASDAQ).
Keep in mind, the FINRA typically reports on about half the daily TSLA volume on NASDAQ, so even these stats fail to capture a large portion of what's happening behind the curtain wrt TSLA shorting. However, it the only source of daily data we have. NASDAQ reports short interest just twice per month, and usually delayed 1+ wks.
So today, let's watch the proportion of FINRA "Short Exempt" volume again. It was at an unprecedented 7.61% yesterday, and that was on a day w/o public 'news'. Hmm...
FYI, the previous highest % "Short Exempt" vol day was 5.26% on May 12, 2020
No other day w/o the "Uptick Rule" in effect has seen "Short Exempt" vol % higher than 2.63% and even that level is already back to the 52nd Percentile ranking on this metric (very close to average).
TL;dr Something is going on with MMs and their Exemption to the prohibition against naked short selling.
"Benford's Law - How mathematics can detect fraud!" | Youtube
Cheers!
That and incremental engineering improvements. Next GF should leverage lessons learned from these, so cascading makes more sense
I have a CC at $445 that expires on Friday that is making me sweat a tad right now.
Everyone's got their own style.
I don't buy the stuff Invest in so I can keep an objective mind.
I suspect that the delay in adding future gigas is more due to a lack of managerial bandwidth than lack of capital.It's the best they could do while still retaining some semblance of credibility. They knew how foolish they'd look after Elon guides for 1M next year as SP hit $550+ without inclusion. What on Earth would they have done then?
I've been advocating for massive cash raising from the start of this run-up. If we can finance 4 more Gigafactories right now, why aren't we? It would cause a momentary glut in stationary storage, but IMO dragging pack production forward 1.5yrs is more important than caring if a bunch of lunatics can buy an island!
Really disappointed on the TSLA performance for the past 2.5 month and today. My NIO total value is on track of surpassing TSLAs.Still surprisingly little volume on this news. There really is trader fatigue on TSLA or something. All the action has moved to NIO, XPEV, LI, etc.
My experience is that you sell covered call at a “possible” strike price only when you can accept seeking your share at that price.I had CC at $455 that I closed at a loss this morning. I've been burned enough times by covered calls, that I should've known better, which is why I closed at a loss instead of trying to close them at a profit.
Any stock can have a run up that multiplies your money. The question is will it sustain. Tsla many felt would not sustain but it did thanks to battery day and solid ER report. Will NIO's earnings continue to justify its run up? Some people believe it will, others not so much. Time will tell..but if you were to drag this out 10 years, I have way more confidence in Tsla than Nio.Really disappointed on the TSLA performance for the past 2.5 month and today. My NIO total value is on track of surpassing TSLAs.
Imagine feeling bad about your $TSLA investment today.Really disappointed on the TSLA performance for the past 2.5 month and today. My NIO total value is on track of surpassing TSLAs.
Really disappointed on the TSLA performance for the past 2.5 month and today. My NIO total value is on track of surpassing TSLAs.
My experience is that you sell covered call at a “possible” strike price only when you can accept seeking your share at that price.
Otherwise just sell CC at an impossible price, say, for TESLA now, $630 short term
Really disappointed on the TSLA performance for the past 2.5 month and today. My NIO total value is on track of surpassing TSLAs.
The counter argument to that, is that under most circumstances, with patience, you could buy back in at the same price you sold (or lower) within 1-2 weeks.
Not advice.
My experience is that you sell covered call at a “possible” strike price only when you can accept seeking your share at that price.
Otherwise just sell CC at an impossible price, say, for TESLA now, $630 short term