And 2x confusing for consumers. I bet that really is why the push on mine.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
That may very well be true.
HOWEVER, what is not guaranteed at all is that the market will react positively and the SP will rise in response.
In fact, if past performance is any indication, chances are that the market will react negatively again to all the record breaking.
Plus, let's not forget Elon may sell some more millions of shares after the Q4 ER.
I don't think that is accurate. I think if anything they need to buy, because Elon increased the float by selling.
Artful Dodger
"Neko no me"
Yes, it's been discussed here this week. There's even been a separate thread started for it (which nobody appears to visit).
Alexandra Merz 
on Twitter: "Just a quick reminder: Volume will be crazy today and tomorrow. All ETFs & funds indexed on the S&P500 need to rebalance quarterly, and now have to sell $TSLA. TSLA stock lost 45% in the last 3 months, S&P only 5%. It is what it is. https://t.co/gtX5j1NvOF" / Twitter
If I was on the Tesla board and discussing timing of a buyback I would certainly be waiting until the trading window closes on Elon before doing anything. I wonder if there's a chance they announce something in the coming days now that the selling pressure from the CEO has given them a very attractive price for a buyback
I don't think this is how it works. The S&P is market cap weighted. When a stock is down that reduces the percentage of ownership for a fund. Rebalancing is needed for the companies that are added or removed from the index
Artful Dodger
"Neko no me"
I suggest you do the math. Elon's selling since in Q4 hasn't increased the float by as much as TSLA has declined vs. the S&P 500.
Also, this week's selling won't be counted by S&P DJI for the Q4 float adjustment because it occured after the S&P cut off date for Corporate events in the quarter. The effect of his sales on the float will show up in the 2023 Q1 rebalancing.
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Perhaps that has happened some, and he’s taking pains (and causing pain) to avoid it getting worse.
JRP3
Hyperactive Member
If you have underwater shares but capital gains from other tickers, now might be a good time to sell them for losses, then buy 1/20/2023 5C's to replace them, only if your broker is not one of those who report wash sales for you for share replacement.
Artful Dodger
"Neko no me"
There is no SEC reporting requirement for corporate share buybacks done in Q4 until the 10-K comes out (likely by end of January). Hiro tweeted this on Dec 9th, remember?
HIRO MIZUNO on Twitter: "Twitter is a great forum for free speech and discussion but not an appropriate forum to disseminate financially material information of business." / Twitter
insaneoctane
Well-Known Member
The volume today doesn't look as heavy at this point as earlier in the week of Elon selling IMO.
What percentage of Elon's TSLA stock has Elon liquidated in the last 2 years?
What percentage of Elon's TSLA stock has Elon liquidated in the last 2 years?
Unpopular speculation:
1) Elon is selling a bit more today (last day to do so);
2) Q4 will not be epic… recent discounts in China and U.S. indicate challenges in delivery numbers (IMO).
I hope to be very wrong on at least #2.
Frustrated if #1 is accurate.
1) Elon is selling a bit more today (last day to do so);
2) Q4 will not be epic… recent discounts in China and U.S. indicate challenges in delivery numbers (IMO).
I hope to be very wrong on at least #2.
Frustrated if #1 is accurate.
Just scouring for that Giga Bahamas location.
I really hope that meeting is a discussion around EV boats that charge from Cybertruck... or something.
Aren't calls/shares the same when it comes to wash sales?
I thought you cannot trade anything for 30 days?
It's up to the broker, I suppose. RBH, for example, will do you dirty if you buy calls after selling shares.
IBKR on the other hand should be different.
JRP3
Hyperactive Member
Don't know what you mean, AD said he hasn't taken a vacation in 15 years, I posted a pic of him on vacation recently.
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