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

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Two terms for teslanaire terms
Soft: total share value qualifies for the amount
Hard: Profit from TSLA

another term for us real poor folk..or were real poor.
semi-teslinaire: Half a millionaire
I am a Hard Semi-teslaniare now...
Hmmm?
The first million is the hardest. Hang in there.
 
Not everyone is successful. The market corrected itself from Feb highs in March. Crap companies that were high fliers due to market bubble punished them hard and they are still in the dumpster at -60%. Many were ark invest picks so there's a reason why they still haven't recovered as Tesla hit ATH.
This.

A lot of my solar stocks are still off 50% plus. Yeah, they had run really hard, but they cratered harder. Have not come back. Holding cause I think they have a future.

SPACS got taken to the woodshed and most of them are still firmly there.

Biotechs have been mostly reamed throughout the year.

People tend to focus on a handful of stocks and scream about overvaluation, but that is not the end of the story.
 
Well, it took almost nine months for me to see the full fruits bear from my dual trade of exiting my one and only SPAC - Virgin Galactic (SPCE) - at $57.18 on Jan 27, plus using its proceeds to buy TSLA on Jan 29 at $791. That was nine months of hurt!

But look now: The TSLA trade finally is +15%.......and SPCE? It's down by almost exactly 2/3s.

And, at least while I was licking my TSLA-induced wounds on the buy side of the trade, I always had the solace of having come this close to hitting the all-time high for SPCE.

Those two trades, by the way, remain the sole trading I've done in 2021 for the family account; for others, as funds came in we bought TSLA at $550, $598 and $646.
 
This is a clarification on an earlier post in the interest of maintaining TMC’s brand value.


This article says they gave up on the vice grips, but my source says they found the vice grips in the wreckage of the plane.

Interpret as you will.
 
The simple definition includes those who are down 90% on their $10M TSLA investment. Easy to do* when you're on margin and with heavy options leverage. Don't ask me how I know this.

*I mean that being down 90% is easy to do. Starting with $10M is much, much harder.
Yes.

I was highly leveraged with options starting with the 420 tweet and into and through the promised ridiculously fast M3 ramp. If Tesla had executed at the time and TSLA had run the way it finally did in 2020, I would be a centateslanaire.

Instead I suffered margin calls, heavy losses and almost got wiped out. Lost everything I had made in that first brilliant run in 2013 and more.

I am privileged because I centered myself and was able to recapitalise and leverage up again, although not as aggressively. Regardless, TSLA made me back all my losses plus, plus and it is still cranking, baby!

Wanted to point out that it has been a bumpy road for all long time holders, but some more than others.

I have no doubt that there are plenty of people out there that took losses in TSLA, gave into the FUD, gave up and are watching from the sidelines now wondering what happened.

If anything saved me in the end it was my refusal to give up on BEVs. The reason I had gone all in on Tesla was electric cars. Electric cars, dammit, and if I had to, I would go down with the ship buying them and betting on them. Convictions matter always and some times in the right ways financially too.

We are truly on the way to a world of electric cars and new possibilities! Thank you Tesla and Elon!
 
Well, it took almost nine months for me to see the full fruits bear from my dual trade of exiting my one and only SPAC - Virgin Galactic (SPCE) - at $57.18 on Jan 27, plus using its proceeds to buy TSLA on Jan 29 at $791. That was nine months of hurt!

But look now: The TSLA trade finally is +15%.......and SPCE? It's down by almost exactly 2/3s.

And, at least while I was licking my TSLA-induced wounds on the buy side of the trade, I always had the solace of having come this close to hitting the all-time high for SPCE.

Those two trades, by the way, remain the sole trading I've done in 2021 for the family account; for others, as funds came in we bought TSLA at $550, $598 and $646.
I remember you posting that. Was impressed at the time and still am.
 
Thanks....but you shouldn't have been impressed at the time about that $791 TSLA purchase.:rolleyes:

BTW: I'd bought the SPCE (then "IPOA") when it went public in 9/18/2017 at $10.58. So 3y4mo of holding for a 5.4X. Not shabby - although I somehow lost out on those attached warrants:mad:.

BUT... over that same period, TSLA went from $70.22 to $791, or about 11X. So much for diversification!!!!!!! Should simply have bought more TSLA back in 2017. Sheesh.
 
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In the US, the Model Y LR delivery date has now moved to May 2022.
#nodemand



View attachment 724752

Actually, only *IF* you pay the optional $2K for the 20" Induction Wheels - otherwise it's August 2022 for the standard 19" Gemini wheels - And there was a $2,000 price increase in the past week too.
#nodemand
TSLA.MY.August.jpg
 
Well, it took almost nine months for me to see the full fruits bear from my dual trade of exiting my one and only SPAC - Virgin Galactic (SPCE) - at $57.18 on Jan 27, plus using its proceeds to buy TSLA on Jan 29 at $791. That was nine months of hurt!

But look now: The TSLA trade finally is +15%.......and SPCE? It's down by almost exactly 2/3s.

And, at least while I was licking my TSLA-induced wounds on the buy side of the trade, I always had the solace of having come this close to hitting the all-time high for SPCE.

Those two trades, by the way, remain the sole trading I've done in 2021 for the family account; for others, as funds came in we bought TSLA at $550, $598 and $646.
I think I made some comment in one of the other threads in response to something you wrote about SPCE stock price around that time. Too lazy to look it up but probably about how their business model was unlikely to ever make enough revenue to support those levels.

Glad you took my advice :D
 
Great reference, though I haven't read it. I was going to mention Prof. Simons but
you did first. I notice in the "Read Inside" blurb a mention of Simons colleague
Elwyn Berkelamp, who advised on some grad work I did in college,
taught me how to juggle 5 balls there at Cal, and was an all-round triple-threat propeller-head.
Among other things he was dean of three departments
there -- computer science, mathematics/statistics, and electrical engineering
(but not all at the same time!)

I'm wondering if the Simons book discussed the Renaissance hedge fund
strategies in much detail. The knock on any quant system (noted by Burton Malkiel
of "Random Walk Down Wall Street" fame) is that once a (currently) winning system is known,
it is copied and then is undermined because everyone is doing the same thing.
This is going slightly OT but since this is Sunday *and* it's a special weekend .. adding some details for those apparently interested:

1/ the first huge profit making "discovery" was made by mathematically trained Martin Leibowitz at Salomon Brothers in the 70's - arbitraging bonds along the yield curve. This gave rise to Salomon Bros eminence in Wall St at the time. Conceptually this yield curve arbitrage is elementary math, but you had to be trading bonds to realize the profits.

2/ Ed Thorp, initially an established "pure" mathematician famously applied math to beat the casinos regularly in the 60's, then moved on to the stock market, successfully too. Sadly, now retired he's all in dumb Omaha Buffet's BRK.A
For kicks I've put in attachment his neat intro to Kelly's criteria for optimum allocation of investments in favorable conditions. I must confess, as a mathematician by training, I've done more seat of the pants allocation ("bet more the more certain you are", which is probably quantifiable/ provable .. anyone interested please go ahead do the math formalisation, my todo pile is way too large already)

3/ About Simons, only the inner circle of partners has access to his "special sauce" fund (it is not scalable presumably) and no one has yet cracked it that I know of. As to copying whatever the rest of his funds do, good luck on that: he employs an army of super smart quants, and my take is that they come up with multiple strategies that can be short lived, but are of course implemented all the time.

Now back to my pile of todos, most fun one is getting the hang of the Travis finger picking - this YouTube video of Paul Davies has me totally sold - the relevance to the investment thread is that it's best to keep your main holdings in TSLA stock (the bass line, possibly moving, aka possibly TSLA LEAPS), and improvise on top with the rest (the melodic line)
 

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Yes, I like decateslanaire too!

As for when one is a teslanaire let's use the simpler definition of having 1M in TSLA. Anyway I am sure that for most of the people here the cost basis is peanuts compared to the total value in TSLA so the two definitions are almost equivalent ;-)
Wha about xteslanaire? With x referring to the roman number x.
 
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