My understanding is that the meeting for the vote on Elon's compensation package is scheduled to start in less than 10 minutes... so we may well have word on the vote in as little as 15-20 minutes (I believe the entire agenda is the vote, and Elon wont be there to give a talk, etc.).
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By the movement of the SP
Waiting4M3
Active Member
I think CNBC people are not smart(er) than your average Joe in terms of a financial acumen, or that they have any specific agenda to convince the public of anything regarding Tesla. I think they're probably pretty smart in terms of knowing what their audience want to hear, and that they're publishing a bunch of bearish stories to cater to the overall bearish market sentiment.
I was going to write that too, but, it's not unprecedented for the shorts to sharply push the price down artificially before news comes out to make it look like it's out and unfavorable for Tesla (and induce reactionary selling among other market participants). Has happened more than once with the quarterly earnings/shareholder newsletter release.
Approved by a wide margin according to Phil LeBeau on CNBC.
Damn you beat me by a few seconds
Most on air people, would agree (better than average "looks" is a higher priority than "brains").
They've worked very hard to create the perception (along with other false perceptions unflattering to Tesla) that that is the overall market sentiment. Valuing a company that is made 100,000 cars last year at $50-60 billion is not bearish.
perhaps we get a new bear narrative today...
(simulation only ; ) "Tesla Shareholders Approval of Insane Musk Compensation Package Proves How Self-destructive the Cult Has Become"
(simulation only ; ) "Tesla Shareholders Approval of Insane Musk Compensation Package Proves How Self-destructive the Cult Has Become"
you mean this one? (from 11:22am EST
Tesla May Post A Billion-Dollar Loss This Quarter - Tesla Motors (NASDAQ:TSLA) | Seeking Alpha
Given today's price action, I'd be surprised if it didn't reach ~350 again in the short term anyway. I suspect a lot of people will trade with that mentality now.
Waiting4M3
Active Member
I didn't mean to say whether Tesla's overall valuation is bullish or bearish. What I meant is more that the sentiment recently has been more bearish compared with 6 months ago due to Tesla underachieving on M3 ramp. I don't think CNBC or SA or anyone else in the media caused that, Tesla brought that onto themselves by missing the targets. With many people concerned over M3 ramp, bulls and bears alike, CNBC knows that its audience will be more receptive to sensational negative headlines about Tesla at this time, so they deliver.
Feels a lot like March 2013 around these parts. Can anyone remember what happened a couple months after this date? I seem to have been blinded by the amount of mon... I mean negativity that was surrounding this company.
Agree that the challenges with the ramp have hit sentiment, and that makes sense.
That said, years of propaganda campaign style repetition of various false narratives, (including the one that Tesla's price cannot be justified by looking at numbers, but, only by being a Musk believer) have tilled the soil so to speak, for creating the false perception that it is common sense that Tesla is overvalued, hype, etc. Many articles mention these and other falsehoods as if they are common knowledge. Many in the media have worked very hard to make that possible.
Mike Smith
Active Member
I'm taking this opportunity to lighten up even more going into the delivery numbers:
1) CNBC said 2 days ago that the average analyst expected 13,800 model 3 deliveries. I'm guessing the analysts actually know better, but when they come in around 7000 the negative analysts and shorts are probably going to give us a huge buying opportunity.
2) S/X/3 deliveries probably won't be much higher than Q4, which will appear really bad.
2) The day the Musk compensation plan was announced tsla opened way higher but then closed down significantly.
Edit: I can't remember the last earnings or deliveries numbers where we didn't get at least a temporary large drop. Shorts try to make every news event look bad with a big attack the next day unless it's really, really obviously good news. I don't see that happening here.
1) CNBC said 2 days ago that the average analyst expected 13,800 model 3 deliveries. I'm guessing the analysts actually know better, but when they come in around 7000 the negative analysts and shorts are probably going to give us a huge buying opportunity.
2) S/X/3 deliveries probably won't be much higher than Q4, which will appear really bad.
2) The day the Musk compensation plan was announced tsla opened way higher but then closed down significantly.
Edit: I can't remember the last earnings or deliveries numbers where we didn't get at least a temporary large drop. Shorts try to make every news event look bad with a big attack the next day unless it's really, really obviously good news. I don't see that happening here.
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jelloslug
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