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

[Paracelsus]

I am beginning to sincerely believe that Elon has asked the SpaceX launch of Starship SN8 not to commence until after the close of market today. I don't think he would want Mike Burry, Jim Chanos, David Einhorn, Gordy Johnson, Dana Hull, Linette Lopez, or even Mark Speigel to miss out on watching todays trading action simply because they tuned in to the Starship Launch and missed TSLA closing at ATH's even after raising another $5 Billion with additional shares. Its great to see Elon looking out for those having a tough time in 2020.

 

[Todd Burch]

It seems like the battle is still being waged.

Indeed, when we sliced through to $651+ on the way up it seemed to not be a point of resistance at all, but I guess the intern at the switch woke up.

 

[Vad42]

Elon just confirmed, point blank, that he moved to Texas personally.

 

[Tim S]

Here's my problem with the "wouldn't mind losing some shares" line of thinking. I think I am willing to part with shares for $1000 this month. I don't expect the stock to stay at those heights for long. So I picture it squeezing over $1000 on or about the 18th and then falling back to $700 or a similar lower range the following week.

But what if the price shoots up like that and the option isn't exercised? I would want to sell a block of 100 shares then, while the price is temporarily still that high. But then what if it IS exercised just after I sell my 100? I don't want to lose 200 shares at that price! I have a higher target for the next block! Or what if there is a "slow and steady" rise to $1000 and it doesn't look like a squeeze after all, and I decide to hang on instead of selling in anticipation of a drop?

Bottom line I feel like the "I'm willing to part with shares at that price" doesn't play that well with selling calls to make the transaction if there's the chance it will take a short-term squeeze to get there. I don't think the $770 premium for a Dec-24-$1000 call is worth all that juggling on a $100K transaction.

It would be easier if I was willing to part with shares at $700 -- but I'm not.

To be clear, with these trades (which is a small % of my TSLA holdings) I am betting that TSLA will be less than $1000 (or $900) at the close on 12/31. I am confident in that bet. I do not want to lose any shares, but if I lose that bet I will let those options be exercised. I feel like I am selling lottery tickets, and right now people are willing to pay a lot more than they should for them.

I have other long calls that I will sell if the price shoots up before then. I also have Dec 31 $700 calls that I could let exercise so I don't lose any shares.

(This is in a Roth IRA so there are no tax considerations).

 

[neverdone]

Y'all bought the dip, right?

OK. I bought 10sh @634 in my regular Fidelity account ; up 2.5% so far; much better than the return in Ally savings account.
I also have 500sh in my HSA account.

 

[capster]

I might cancel Netflix. I’m spending more time watching the SP and reading this thread than watching the ‘Flix.

... and transfer some of your subscription funds to become a supporting member of TMC!

 

[BOBTHEJOCKEY]

At first I thought it was an opt out for that line of GM, but if that's all they sell, then I'm starting to catch on. So ~17% of Cadi dealerships are retiring from new car sales? They must see the writing on the wall to give up the brand completely AND likely think the cadi looks like a grill on wheels and has no chance of selling, at least in some neighborhoods.

So... when Grandpa goes to upgrade his cadi and the place is closed, what will he buy instead? A Hummer?

Watching on CNBC the CEO of BLINK ticker blnk stock up 1411% this year. Here is a company that is making charging stations with HUGE losses and very little income, under a million a quarter. The Walmart near me has has six charging stations from Electrify America and I have almost never seen anybody charging there. I charge at home with my Tesla because it's cheaper. I only use charging stations when I travel. Other than charging at a hotel on the road I don't think I will ever have a use for anything but Tesla superchargers. Unless of course it was cheaper and convenient. Last I checked it would cost me $400 to buy an adaptor so I could charge at my favorite Walmart.

 

[Paracelsus]

Elon just confirmed, point blank, that he moved to Texas personally.

was this the link for that? (/s)

 

[Tim S]

I just don't see the upside to a bull/long selling calls right now as opposed to a week or two from now. Unless you have thousands and thousands of shares perhaps.

Agreed

 

[Robocop]

Elon just confirmed, point blank, that he moved to Texas personally.

Austin to Brownsville (Boca Chica) in a private jet, is what? Under an hour? It's ~330 miles, so if saves Elon time that's good for everybody!

 

[Artful Dodger]

Pre-market High was $669.30 at around 04:26 AM

SP has now reached over $651 during the main session. So, can we get back to the pre-Raise SP, or do the shortzes claw us back to yesterday's Close? Popcorn rdy.

Only about 78 min left in the main session, so it's a big ask.

Cheers!

 

[Model S M.D.]

I actually did some WFH today...anything happen since yesterday? Looks like we’re up?

 

[JBRR]

*Elon Musk Says Additional Capital Rise to Retire Debt, Larger War Chest

 

[Vad42]

This is very good interview, hitting a lot of timely points. He just said that they will use to raised $$ to retire some debt. He said that it seemed to make sense at <1% of dilution. But they went back-and-forth doing it.

 

[Tslynk67]

My wife bought a Toyota Camry not too long ago. (I begged her to get a Tesla, but she's not comfortable with the electric thing yet. I've tried divorcing her for these reasons but it's harder than it sounds. Anyway, I digress)...

She wanted to sell some of our TSLA to buy the car. Turns out Toyota had 0% financing so we obviously didn't do that. TSLA was around $260 at that time. Had we done that, the car would have cost us almost a quarter million dollars. That's an expensive Camry.

Edit: At least it was a hybrid with "low speed EV mode". (BTW, it's in EV mode for about 5 seconds before the engine kicks in. Yuck.)

Is it one of those self-chargers? Will save you a fortune... /s

 

[enzo]

"What is money? Entries in a database."
E. Musk

 

[Artful Dodger]

Keep teasing @Artful Dodger, I’m pretty sure he’s gifting me all his TSLA in his will. We besties beasties.

 

[Todd Burch]

My gut feeling is that we'll see a rise toward the close with FOMO winning the battle and with the market raise uncertainty behind us.

Balance that against the reality that my gut feeling is only correct 17% of the time.

 

[adiggs]

My gut feeling is that we'll see a rise toward the close with FOMO winning the battle and with the market raise uncertainty behind us.

Balance that against the reality that my gut feeling is only correct 17% of the time.

If only our gut were more accurate. Even 60% would be a gold mine.

 

[JustMe]

Darnit, I made the mistake of putting in a limit order at $627; shoulda just made it market. Rookie mistake.

No worries - You’ll get another shot at $627 after the next split