I agree with the slow and steady sentiment,
Perspective falacy.
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I agree with the slow and steady sentiment,
I cheated and went into margin buying at the last 570 we had. still paying that $2,200 monthly margin cost on that 3.75% interest. I have never been so happy to pay interest on an investment that just hit the +100% milestone today. The positive effect is that I am working to pay slowly that margin back and once I have free cash to invest into TSLA, the stock price will be in the $2,000s
Many productive ways to knock down the stock price vs tweeting it away. Raising capital or him cashing out to pay taxes could be some. Now someone else dump a few million shares running away with the profits that Tesla could have taken, or Musk himself.I can understand Elon wants to talk down the stock price. It’s been going up way too fast, causing all kinds of issues:
So no, there will not be a stock split soon. And no, the deferred tax allowance will not be recognized soon.
- Elon is receiving a lot of flak for getting $20 billion richer every day. Being the richest person on earth, now by far, causes many to expect him to solve all the world’s problems. He must feel the pressure, even if he doesn’t show it.
- Elon has to pay a lot more taxes on his options, possible forcing him to sell more shares than he would like to.
- Tesla needs to recruits tens of thousands of workers for Giga Berlin and Giga Austin but is not able to offer them attractive options package at these high prices.
- Tesla needs to keep talent onboard and that is getting harder when people have option packages that are now worth millions, making early retirement from a demanding job more attractive.
I think it would be a good thing if the stock moves back to 1000, to start a steady ascent from there, bringing it to maybe 1200 again next spring, 1500-2000 in 2 to 3 years time and 2500 in 2025. That’s better for everyone, excepts for those wanting to cash out now. But who would want to do that? We are all HODL’ers, aren’t we? A quick rise to 1800 and drop back to 1000 isn’t helping anyone. Too many people are buying calls (the surest way to lose your money) or dipping into margin to buy shares, which is a recipe for disaster when the stock shoots up too much and then crashes.
A slow but steady rise is the best way forward.
Won't be surprised if it immediately turns green at open. It's been creeping up ever since that dump earlier. The Hertz deal really doesn't matter that much to Tesla's bottom line....it was more just a PR boost (i.e. if the deal were to fall through, it's not like Tesla would need to scramble to find 100,000 buyers of the would-be Hertz cars). Once people digest Elon's tweet, they'll realize nothing has really changed to Tesla's future earnings potential and the stock will probably bounce right back to where it closed last night.Now that stock is dropping less people will want to buy it looking for a bottom
Imagine if Enterprise wants to ink a 100K deal
Hertz Hertz better hurry Hertz
Says the man who is already retired from previous fast run-ups. .I think it would be a good thing if the stock moves back to 1000, to start a steady ascent from there, bringing it to maybe 1200 again next spring, 1500-2000 in 2 to 3 years time and 2500 in 2025. That’s better for everyone,
Who are you using?3.75, ouch
you should be able to get that down, or transfer
my rates 1.57 if below 100k and
1.07 from 100k-1m
although i havent used margin
I just negotiated my margin rate down to 1.5% from 3.75% yesterday. I was also paying about $2200 in interest monthly. Could have done a little better by moving everything over to IBKR, but I like my broker and didn't want to complicate things. I was prepared to transfer if they were unwilling to come down to under 2% though.3.75, ouch
you should be able to get that down, or transfer
my rates 1.57 if below 100k and
1.07 from 100k-1m
although i havent used margin
@SN_8 Recommended tradelog. I have no experience with it, but you may want to have a look.The big fear is the counting. It seems very complicated when a mix of a large variety of options and underlying stock is involved. Do you know of a program/spreadsheet that would correctly calculate the new basis across trades of varying size? All the examples I have found involve very basic stock transactions.
SR+ increase most likely comes form LFP 60kWh packSome model 3 tweaks
SR+ is not just the model 3, range increase to 267
LR range increase to 358
I might throw a little yolo money at calls when we open. TBD.Lol....desperate covering at the close and into AH has turned into a casual premarket selloff. Riiiiiight.
Buying calls at open? Selling BPS?
There's no need for Tesla to give them a discount. It's simple supply and demand - Tesla has so much demand, there's no incentive to discount. And after the last few days, do you really think Hertz has any leverage to walk away from the deal? They've already got ads FCS! Their SP and credit line would tank. Suck it up, Hertz: sign here at full price to at least guarantee the inventory.I would not mind if Elon gave a little rebate to Hertz and sold them the car at the price before the last increase, maybe 2k. I would understand that in a large order with a lot of similar configurations, economies of scales from same configuration could be made. However, I think it is better to stay true to all the current customers who have been buying many Teslas, repeatedly and funded the mission, and who never got a rebate. As a share holder I want Hertz to pay as much as possible to improve Tesla margins.
It is that hideously bulky, cumbersome idiotic electrical connector designed by the CharIn committee. Seriously, only something design by a committee could ever be this bad. The EU did mandate by law that all publicly accessible chargers use it, so Tesla had (has) no choice about it in Europe. Tragically there are members on TMC who think it would be a good for idea for Tesla to scrap their far superior elegant, efficient connector used throughout the U.S. with that beast just because all of the other OEMs standardized on it. I like to imagine those same members want to see Teslas having higher drag coefficients, uglier cars, fake engine-noises, tons of useless buttons etc. too so Tesla can come down to the level of all the other OEMs.Combined Charging System (what we used to call the Frankenplug connector back in the day).
In addition to the loss of time value (if there is any which there may not be for very deep ITM) you also lose the leverage they provide. The cash that you will spend to exercise them could be used to buy additional shares while keeping the calls, increasing your leverage. This is not a drawback if you want to de-leverage. An advantage to early exercise is that it starts the long-term gains clock on the stock sooner.If there is significant time left until expiration you'll essentially be giving away the time value so not a good idea.
Edit: So if you are to to this you should wait until close to expiry so that any time value left in the option is negligable.
If by "done deal" you mean on Hertz's side, then sure. However, if you mean between Tesla and Hertz then no, there is no deal on Tesla's side, nor will there be. If Hertz wants cars, they need to order them just like everybody else.I don't really care if we head back to $1k or whatever at this point, but I wish Elon wouldn't mess with the SP like this. I'm 75% sure it won't matter though. Anyone with 1/4th of a brain realizes this Hertz thing is basically a done deal.
I might throw a little yolo money at calls when we open. TBD.
It would look pretty bad for Tesla as well if the deal falls apart. Far worse for Hertz of course.If by "done deal" you mean on Hertz's side, then sure. However, if you mean between Tesla and Hertz then no, there is no deal on Tesla's side, nor will there be. If Hertz wants cars, they need to order them just like everybody else.
Of course, Elon went and used the word "yet" in his Tweet so I could be wrong...