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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Artful Dodger
"Neko no me"
Man, are the bulls and bears every slugging it out this morning! The 'per-minute' candles are swinging up to $10 or more. FAQ.
Assuming that Tesla is still holding the same amount of Bitcoin:
Tesla BTC units: 42,203
Q2 2021 BTC low: $28,815
New BTC low: $25,275
Impairment charge: ($28,815-$25,275) x 42,203 = $149,398,620
I used the numbers from TheAccountant as a reference.
Blow out , and then reversal , smells like itThat means it’s buying time!!
I'm considering it myself. I rarely use margin (last time was last May). I probably would only dip my toes in at first to see if next week maintains the sell off.
A transfer like that usually takes a couple weeks.
bkp_duke
Well-Known Member
Exit the market? I'm all in on TSLA. ALL IN.
sold TSLA Calls at loss, other *sugar* PUTS at loss (many ARKK names) and got myself 100 spanking shares of TSLA around $700.
Back at 100% TSLA shares - all running naked, waiting to sell some Covered Calls ...
(no margin worries from PUT assignments ..)
Back at 100% TSLA shares - all running naked, waiting to sell some Covered Calls ...
(no margin worries from PUT assignments ..)
Yes I talked to my bank manager yesterday about a margin loan against by tesla shares so I can use the money I have saved to pay tax to buy more shares, and use the loan to the pay the tax. I have bought 200 shares today and yesterday, and once the loan passes, I will get 500-1,000 more depending on what happens over the next few days.
The bank will raise a loan against 3,000 of my Tesla shares, and I get margin called if the value of these shares drop a further 50% drop from now. They will charge 1% annual interest with a 0.15% commision, so pretty good with no penalty for paying it off early.
I have hardly any risk of losing the shares but if I do get margin called, I either need to add some cash (which I expect to have in 2-3months) or take out a more expensive loan for the difference.
Looks like market is trying to set a local bottom. ARKK turned pretty positive so sugar stocks are recovering first.
I'm not a big fan of using margin (with all its strings attached) but instead I use my HELOC. That way even if the SP still go down I'm never worried to have a margin call. The monthly interest simply piles on and I pay it back later when I get more money.
bkp_duke
Well-Known Member
Yeah. 17mil shares and counting. This is some serious buying this AM. Average daily vol is ~21mil.
Artful Dodger
"Neko no me"
TheTalkingMule
Distributed Energy Enthusiast
I like to peek at the morning volume around 10:30 to tell what kind of day it'll be. A 6M vs 8M first hour of trading usually indicates if MM's can do whatever they want. Today we're looking at what.......18-19M? Wild stuff.Man, are the bulls and bears every slugging it out this morning! The 'per-minute' candles are swinging up to $10 or more. FAQ.
So annoying to see these massive banks swoop in and buy shares so cheap. I guess that's what they pay the MM's for.
RIVN up 22%+ on $1.6billion loss while producing 2.5K cars and selling only half of them, meanwhile
TSLA down 2% on $3billion profit and 310K cars. Yeah, market makes perfect sense...
TSLA down 2% on $3billion profit and 310K cars. Yeah, market makes perfect sense...
Rivian guidance is the reason. Market was discounting their production that the reiterated at 25k. Market is optimistic on them meeting that for some reason. (I think they will be over 20, but short of 25)
TheTalkingMule
Distributed Energy Enthusiast
Maybe the SEC could take a look at market making when they get the chance. I know they're busy.
I don't think a $1T company is supposed to move 9% in 50 minutes of trading.
I don't think a $1T company is supposed to move 9% in 50 minutes of trading.
When in doubt, zoom out.
RIVN, since IPO in November, is at 74% decrease as of right now.
TSLA, y-o-y, is at 24% increase as of right now.
Yeah...
UPDATE 1-U.S. judge says Musk recklessly tweeted that 'funding secured' for taking Tesla private
A U.S. judge has determined that Elon Musk's 2018 tweets that funding had been secured to take electric car maker Tesla private was inaccurate and reckless, saying "there was nothing concrete" about financing from Saudi Arabia's sovereign wealth fund at that time. San Francisco-based U.S...finance.yahoo.com
I can see that judge ruling being appealed...
To paraphase: The court has decided that Elon's statements were untrue based on multiple pages of debate, and since we think so, he must have also thought so, and thus acted with scienter.
(Ignoring the included accepted testimony which supports what Elon said in the sense other's says it should have been interpreted )
But, I'm just a caveman...
https://storage.courtlistener.com/r
ecap/gov.uscourts.cand.330489/gov.uscourts.cand.330489.387.0.pdf
Agree, but they are ramping. After watching YT reviews, it seems they are making a good product.
The Lightning also appears to be solid. And I think this bodes very well for CT to be an even better truck.
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