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

[2daMoon]

WSJ - 13 minutes ago: WSJ News Exclusive | About 150 U.S. Cadillac Dealers to Exit Brand, Rather Than Sell Electric Cars.

Excerpt:

About 150 General Motors Co. dealers have decided to part ways with Cadillac, rather than invest in costly upgrades required to sell electric cars, according to people familiar with the plans, indicating some retailers are skeptical about making the pivot to battery-powered vehicles.

GM recently gave Cadillac dealers a choice: Accept a buyout offer to exit the brand or spend roughly $200,000 on dealership upgrades -- including charging stations and repair tools -- to get their stores ready to sell electric vehicles, these people said.

The buyout offers ranged from around $300,000 to more than $1 million, the people familiar with the effort added. About 17% of Cadillac's 880 U.S. dealerships agreed to take the offer to end their franchise agreements for the luxury brand, these people said.

GM may just be crazy like a fox. Imagine how, next, it will be the same requirement for keeping a Chevrolet sign at the dealership location? This may be part of a strategy to rid themselves of a significant portion of the ponderous dealer network by getting the dealers to choose to bail.

Brilliant! Then, they can move to an online sales model that is tied to their resulting dealer/service/charging network that starts to look a lot like Tesla's business plan. Only, GM already has the locations staked out, even if owned by third parties.

 

[FireMedic]

spoiler alert. Classic FUD trying to point to EV’s as having worse emissions than ICE vehicles.

 

[UncaNed]

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Thank you for your efforts. Surprised so much is still off topic...

 

[Pezpunk]

oh my. is it gonna do it?

 

[Unpilot]

could it...might it....

 

[EVMeister]

This is looking like a powerful finish.

 

[Unpilot]

Has to be a wall at 600 ...right?

 

[redan]

Be nice to end the week with another closing ATH!

 

[Curt Renz]

TSLA +1.0%

An all-time closing high for my 75th birthday present

 

[jkirkwood001]

$599.04. New ATH close.

Have a good weekend - stay safe!

 

[reardencode]

Dang, they spent a bucket to keep it under 600 at the end there!

 

[Tyler34]

TSLA + 0.9%

An all-time closing high for my 75th birthday present

Happy birthday! Your present from TSLA is going to arrive 2 weeks late, hope thats ok.

 

[Pezpunk]

6 hours of mind-melting boredom followed by that? i'll take it.

 

[Prunesquallor]

AH just blew up. $602

 

[Singuy]

Any news? S&P decided to include Tesla twice?

 

[Runarbt]

Any news? S&P decided to include Tesla twice?

We wont know until 05:15 EST

 

[vikings123]

Volume really picked up towards the close. In AH I see a big buy order of 23.42K shares lined up at 599.10

Somebody wants to buy high or the benchmark funds are slowly jumping in. That big order cannot be retail.

 

[hoang51]

My expectation is that it'll struggle to get to $600 and probably get dragged down to kill options. There's so many $600 calls that market makers would probably prefer to make them expire worthless. My guess would be in a trading range of $585-$600 with no fundamental news for today.

It looks like I was good on guessing the price range for TSLA today, but wrong about the closing. I thought they would drag this down to $585 to avoid the massive lot of calls, but looks like someone or somebody wanted it to go the opposite way towards $600. Wasn't what I was expecting according to Friday trading histories for TSLA. I sold some of my TSLA swing shares cheap, but it's okay. I'm holding other swing shares that were lower. Just offloading higher priced shares to free up my margin. Sorry to those who were hoping to cash in big with $600 calls lottery tickets. Now to await what Papafox thinks about today's movement this coming Sunday.

 

[ZachF]

$599.04

 

[hoang51]

Volume really picked up towards the close. In AH I see a big buy order of 23.42K shares lined up at 599.10

Somebody wants to buy high or the benchmark funds are slowly jumping in. That big order cannot be retail.

Probably to exit their short position maybe?