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My joke is infinity because of how awesome the Model 3 is hehehe
GM probably triggers this Jan 1st 2019.
I had a large buy order at $291. First price I saw was $291.75 for a few moments before snapping up to $300+. So close!
RobStark
Well-Known Member
Congrats to anybody that bought at ~$262
Artful Dodger
"Neko no me"
AUGUST UPDATE - 5 Automakers Closest To Losing The Federal Tax Credit
"There are six manufacturers most advanced in progressing towards 200,000, including 1 that has gone over":
- BMW Group – 73,673
- Toyota – 86,485
- Ford – 109,634
- Nissan – 122,950
- General Motors (GM) – 189,758
- Tesla – 244,333 (Surpassed, now in phase-out period)
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dqd88
Member
It's been years since I took economics, but I agree completely with you on elasticity.
It was an argument I was trying to make with a short over at seeking alpha, but pretty sure it fell on deaf ears.
Though my argument was a bit different. My thesis was that the more premium (high priced) the product the less sensitive the buyers are to incentives. I think this is similar but slightly different. So for ex, someone buying a Ferrari isn't going to care much about a $7.5k tax incentive. Maybe that's why the next products on the roadmap are Roadster and Semi; I'm guessing they are very inelastic. Roadster will compete w/ Ferrari.
McMountain
Member
This is the first time I see pre-market prices changing at almost the same rate as while market is open.
Yeah well I thought 270 was LOD...
Salty but not as salty if I was wearing short shorts.
Is the uptick rule because of the -10% still in place? Where can I check this?
My friend we have a definition for exactly what you are describing. A superior good which Tesla certainly qualifies.
Superior good - Wikipedia
dqd88
Member
I sold half my shares at open on Fri, bought some back at 262 but not enough! Ugh
I'm guessing it will open Mon up 10%? Will the open and closing price gap be much you think?
You are correct. Price elasticity is highly variable with respect to products, customer classes, state of the economy, etc. In China this is clearly evident where affluent people will willingly pay more for something they know is not better because it gives their status a boost and places them in a more exclusive group. Price elasticity is in a way reversed in a sense there for some products/customers.
Fact Checking
Well-Known Member
Yes, it's still listed:
I.e. the Rule 201 uptick restrictions on short selling should be in effect until 4pm EST today (Monday).
Xenius
Active Member
Fact Checking
Well-Known Member
Note that Tesla enjoys much higher than usual price/demand inelasticity, because now and for the next 1-2 years it has a virtual monopoly in the premium EV cars market.
So there's little risk of losing customers to competitors (there's very few and they have low volume), the main trade-off is the classic revenue versus profits trade-off of monopoly pricing:
Until now Tesla maximized revenue, not profits - but now they are maximizing free cash flow which is close to the profit maximization point.
The main risk Tesla has is pricing out customers completely - but other than that, pricing changes are mainly going to shift customer demand between models and options.
My other prediction is that as Tesla introduces lower and lower priced models their cash flow and margins will actually improve, because the lower priced models allow high-margin software products to be sold, such as EAP for $5,000 with a near 100% profit margin.
jeewee3000
Active Member
If we get some good news out today (cough-deliveries-cough) they might halt trading due to the SP rising so much
.Feels especially good considering we had to endure so much since August 7.
RoadsterPlease
Member
what if today is the actual "short burn of the century", and everything that happened the past weeks was a setup for today?
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