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

[M|S|M MYP]

So...is this the time where that halt the stock? Asking for a friend...

 

[Phrugal Phan]

Just put in for a $35k transfer in my 457 retirement account to the brokerage window. It won't show up until tomorrow (probably after lunch). Hopefully this drop in TSLA will hold until then for me to get in (or maybe I can get lucky and it will drop more?).

 

[H Mak]

You might want to adjust that by a couple of dollars. 200 day SMA is 901.07 if it gets there, also very close to triggering the 10% uptick rule.

I took your advice and am now the owner of 20 more shares @ $902! What's two dollars between friends

 

[ZachF]

PE is now below 125. Forward PE is what....80? One more earnings report near this SP and actual PE is below 100!

Talk about pressure. This is free money people, I don't wanna hear no complaints!

~40x next year’s earnings IMHO.

 

[thesmokingman]

So...is this the time where that halt the stock? Asking for a friend...

They only do that on the way up.... /s

 

[mongo]

Thanks. I didn't know the timing (end of 2022) and I doubted this drop was enough, but thought the question worth asking to see the explanations others would offer

@StarFoxisDown!
Pretty sure it's by the end of the year, not at the end of the year.

 

[MP3Mike]

So it bounced off of $898.25, just 4 cents shy of triggering the uptick rule. That makes me think that shorts are a major cause of this drop vs. being mainly macro related.

 

[Discoducky]

200 more shares for me. Which could be 4000 shares soon!

 

[2daMoon]

There's a 10% sale going on and I'm retired with no income.

But, but, but, the last two digits in my share count is 40

So, I had to add two more at $899 on margin to make it end in 42, just so I could insure a good night's sleep tonight.

HODL

 

[Chenkers]

I'd see this drop as being accelerated by the FUD around Elon's TWTR purchase.

The 10% uptick rule would come into play below $898.22. I see the current low reached as $898.25. So as usual the shorts have worked to make sure it's not triggered (so far).

 

[SmokyPeat]

40% Twitter jitters, 60% macros tanking.

 

[Cape Coddess]

Again! Yeah baby!
Dinner's on me.

 

[bkp_duke]

Tagged the 200 day MA at just under 900 and bounced right off so far.

Fingers crossed we've shaken out the paper hands.

 

[Singuy]

Covid shut down is causing the yuan to tank. So businesses that accepts yuan as a form of payment will see some foreign exchange headwinds.

 

[Knightshade]

Btw the number TSLA would need to go down on that margin loan is about 400-450/share.

The number of 500/share I’ve seen floated around is using incorrect numbers/math

It's not just the margin loan- there's a limit on how much of his share value he can borrow written in the Teslas rules (25% IIRC), that (from reports I've seen anyway) is a much higher than $500 price before he'd hit it based on reported amounts involved....hadn't cared enough to check but might start getting relevant if this dip gets worse.

 

[⚡️ELECTROMAN⚡️]

My wife, Michelle has been trading $TSLA price swings in a 7-digit all-Tesla Roth IRA (with Roth "margin" [no loans just don't have to wait for cash settlement]) for almost 2 years now. On Friday, she and I decided after the +18% run-up in one week that $900 for $TSLA (triple options expiration) with ~$900 "max pain" inflicted by the Market Makers on the options traders was a good short term sell price ($901.88). Thus we moved this entire account to cash before the closing bell. We had also decided we didn't want to be sitting on this pile of shares over the weekend, fearing that Putin Hitler would "double down" on his Ukrainian war crimes. Now, we've never sat on so much cash before, so it feels weird to me. She says, "cash is king!"

We still have more shares than this Roth in other accounts, including all our shares with a $6-$10 split-adjusted basis from 2011-2012. The wife thinks $TSLA will see < $800 again, so if/when that happens, we'll capture ~12% extra shares.

I figure that "worst case" if this proves to be bad timing, it will give us an opportunity to finally diversify away from our 80% $TSLA position concentration. If $TSLA runs up away from $900, then we'll just load up on some of the beaten-down large cap tech stocks at the appropriate time and ride them back up, instead.

I'm evaluating TD Ameritrade's "Think or swim" desktop trading platform to replace Fidelity's Active Trader Pro. Would anyone using it care to share the most useful features for you? It seems to have a very steep learning curve!

Thanks!
Russ

Did she decide to get back in on this dip, or still holding out for $800?

 

[jschwefel]

Yep, that is my buy point.

The rule is that anytime TSLA goes below the 200 day MA it is a good time to buy stonk.... or sell puts

I did both!! I don’t know what’ll happen in the short term, but long term I’m fairly certain it’ll will work out.

 

[GOVA]

They don't look the same to me. TSLA is down much more than anything else in my watchlist, except for Arcimoto (FUV) which is down more than TSLA.

Tesla is selling off for some reason, could be investors angry about the Twitter purchase maybe?

A trend is a trend. All of the mentioned stonks went down in pretty much the same way.

If it were only TSLA going down like mad, I'd probably investigate. In this case, it is meh.

 

[mongo]

Covid shut down is causing the yuan to tank. So businesses that accepts yuan as a form of payment will see some foreign exchange headwinds.

View attachment 797686

That's like a 3% shift from the recent high of ~0.158 to 0.153.
Over the last 180 days:
4% down from high to low
1% down from average to low
US Dollar (USD) to Chinese Yuan (CNY) exchange rate history

Yuan to Euro is 8% to 4% though which is more impactful for Tesla China.

 

[Joe F]

As has been mentioned, "they" stopped shy of hitting $898.218 which would have triggered the uptick rule.

History warning of more short sales tomorrow. Hopefully not, but that's how "they" roll.