But seriously, a lot of my friends lost their mind because "look, TSLA is mooning AH" and they all cited the SEC filing as the reason. I was the only one who said it's going to fade tomorrow. Algos don't really care about the substance of the news. They just know how the average Joe is going to react to the *headline* so they front run the mass, then sell into strength.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
But seriously, a lot of my friends lost their mind because "look, TSLA is mooning AH" and they all cited the SEC filing as the reason. I was the only one who said it's going to fade tomorrow. Algos don't really care about the substance of the news. They just know how the average Joe is going to react to the *headline* so they front run the mass, then sell into strength.
OT... This happens to us (one camera anyway) if we are driving and it's VERY dark outside like on a freeway between cities at night. Cameras looking back can't see anything, thinks it's offline.
In part depends on what can be seen by the remaining functional batteries and more importantly how the AI adjust its behaviour based on what it can see.
I can see scenarios where a Robotaxi slows down and proceeds very slowly when vison is limited, also perhaps ways to improve the vision of cameras.
And high definition radar is being added.
High definition radar is probably for rain, fog, snow, glare, etc.
As usual, there are competing forces at play here.
First, forget that it is Elon, or any other huge shareholder, and just look at the effect on the company of Joe Random exercising options. A small amount of cash goes to the company to pay for the shares at the strike price. At the same time an obligation by the company to issue the shares gets retired. So the company balance sheet looks a little bit healthier. This is offset by the dilution of the stock by a few new shares. I have heard from others much more knowledgeable than me that the net effect is slightly positive, the company looks more stable.
When one exercises the options one presumably owes income tax (since you wouldn't exercise unless they were in the money). The difference between the strike price and the market price is treated as income, but you have to pay the tax immediately or the transaction can't proceed. For most people this is transparent; the broker actually lends you the money to exercise and pay the tax, they do the exercise, then they sell some of the stock to pay the themselves back for the loan. Unless the person has a LOT of options, this is unlikely to move the market either way.
If you are Elon, you could pledge the soon-to-be-owned, or already owned, stock toward a loan, and use that money to pay for the exercise and the tax, and just keep all the shares. This would be dilutive, and maybe enough to depress the stock all by itself. But historically Elon doesn't seem to have done that, instead dumping stock to fund the exercise, and that definitely tends to tank the stock.
GhostSkater
Member
I was reflecting on the whole AGI is needed for Robotaxi
How much you guys wanna bet that if/when Tesla announces they achieved AGI, within milliseconds we will have pieces from the usual suspects saying if it's right to use it for our labor etc etc?
How much you guys wanna bet that if/when Tesla announces they achieved AGI, within milliseconds we will have pieces from the usual suspects saying if it's right to use it for our labor etc etc?
Right, but he could if he had a bunch of cash and executed them. It's the standard for reporting.
Worth watching again, if you have already seen it:-
You mean, the same way that Sci fi authors have been questioning that for... generations now?
(Sorry if I ninja'ed the expected @Knightshade on that)
Artful Dodger
"Neko no me"
As prophesied:
- EDGAR Filing Documents for 0001193125-24-036110 (Index page on SEC.gov)
- SCHEDULE 13G/A | Elon R. Musk 2024-02-14 (HTML version)
(a) | Amount beneficially owned:715,022,706 shares which includes (i) 411,062,076 shares of Common Stock held by theElon Musk Revocable Trust dated July 22, 2003 and (ii) options to purchase 303,960,630 shares of Common Stock that are exercisable within 60 days of December 31, 2023. |
(b) | Percent of class: 20.5% (percentage ownership is calculated based on 3,184,519,865 shares of Common Stockoutstanding as of December 31, 2023 and assumes that the shares of Common Stock underlying the stock options are deemed outstanding pursuant to SEC Rule 13d-3(d)(1)(i)). |
Market seemed to like this in the After-hrs session:
Tesla Inc TSLA:NASDAQ
RT Quote | Last NYSE Arca, VOL From CTA | USD
After Hours: Last | 7:59 PM EST
$190.28 +1.57 (+0.83%)
Volume 5,273,286
Cheers!
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Reminds me of Yellowstone TV show when Betty convinces Rip to go out in a Cowboy bar and says she will emotionally manage and everything will go well. Then she starts hitting a woman in the face because she spoke to Rip and then the whole bar gets into a fight and she ends up charged for battery.
XTwitter is exactly that bar for Elon.
You never know when he’s gonna be constipated and spend the night on the throne posting on X relentlessly.
Magnificent engineering mind but a totally emotional loose canon.
I used to buy every dip in TSLA now I buy CASH.TO every time I have available funds.
Artful Dodger
"Neko no me"
'Algos' don't buy 5.3M shares Aftr-hrs with just 74.7M traded during the main session. This is some covering (shortzes hate uncertainty).
Clearly, the Market was waiting for this News, as was I. From Feb 5, 2024:
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Agree. I think increasingly owners are coming to this conclusion.
Artful Dodger
"Neko no me"
GhostSkater
Member
Yes, but I mean from media in general, and mostly because it's Tesla
What news? That Elon neither bought nor sold shares in 2023 which we already knew based on the single Form 4 from 2023 where he exercised 10,500 long held options?
2022:
Amount beneficially owned: 715,022,706 shares which includes (i) 411,051,576 shares of Common Stock held by the Elon Musk Revocable Trust dated July 22, 2003 and (ii) options to purchase 303,971,130 shares of Common Stock that are exercisable within 60 days of December 31, 2022.
2023:
Amount beneficially owned:715,022,706 shares which includes (i) 411,062,076 shares of Common Stock held by the Elon Musk Revocable Trust dated July 22, 2003 and (ii) options to purchase 303,960,630 shares of Common Stock that are exercisable within 60 days of December 31, 2023.
Artful Dodger
"Neko no me"
The above highlight is new. The Delaware decision hasn't been finalized (parties were given 90 days to propose a draft of the ruling - likely won't happen in the opinion of "Richard from Knot Legal Advice" w. Farzad).
Several intriguing posibilities present themselves: (not rated by likelihood)
- Elon has/is executing these Options between Jan 02 and Feb 29, 2024
- One of his billionaire buddies fronted him the cash for taxes (or some other src)
- he could just sell and report all late; $EC fine mouse nutz c.f. short damage
- BoD plans to appeal, no settlement, run their bidness per shareholder's vote
- 'move to Texas' vote soon; legal action in Delaware can pound it (dare me)
- focus on next Comp. plan: better 2 beg 4 forgiveness than ask permission
Again, do not be surprised to see State Representative E.R. Musk seated in Austin. "But you also tilt when you should withdraw. That is Knightly too." Then? Elon of Mars? Gov'n of TX!
Cheers!
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SAPharmD
Member
Why file this when there are no changes whatsoever? HmmmAs prophesied:
- EDGAR Filing Documents for 0001193125-24-036110 (Index page on SEC.gov)
- SCHEDULE 13G/A | Elon R. Musk 2024-02-14 (HTML version)
Amount beneficially owned:715,022,706 shares which includes (i) 411,062,076 shares of Common Stock held by theElon Musk Revocable Trust dated July 22, 2003 and (ii) options to purchase 303,960,630 shares of Common Stock that are exercisable within 60 days of December 31, 2023.
Percent of class: 20.5% (percentage ownership is calculated based on 3,184,519,865 shares of Common Stockoutstanding as of December 31, 2023 and assumes that the shares of Common Stock underlying the stock options are deemed outstanding pursuant to SEC Rule 13d-3(d)(1)(i)).
Market seemed to like this in the After-hrs session:
Tesla Inc TSLA:NASDAQRT Quote | Last NYSE Arca, VOL From CTA | USDAfter Hours: Last | 7:59 PM EST$190.28 +1.57 (+0.83%)Volume 5,273,286Cheers!
Why file this when there are no changes whatsoever? Hmmm
13g filing is required annually. Further googling this you can see that Elon files a 13g every year. Were he to purchase additional shares he would file a 13d within the required time frame.
Ark bought another 145k of tsla today. Love it.
Drumheller
Active Member
Neuralink moved incorporation from Delaware to Nevada ( or was that Boring?)
SpaceX moved incorporation to Texas today.
Which one will Tesla move to? I'd guess Texas due to the headquarters.
SpaceX moved incorporation to Texas today.
Which one will Tesla move to? I'd guess Texas due to the headquarters.
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