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It's not in the hope that action will make the shop reduce price. It's in the expectation of later buying it back at the correct price.
How about when we trade spreads? Am I good when I sell a put at 250 and buy one at 200, and bad when I sell a put at 200 and buy one at 250? Or is it the other way round?
Artful Dodger
"Neko no me"
Yes, there's only crickets about the 1008 Puts bought during the day before news of the SEC lawsuit was announced. That's a $31 million profit, puts sold the next day ( 1 day expiry). And somebody did the same again on Monday, with $265 calls sold when the share price was above $305
Who knew and when did they know it? Somebody is trading on insider information from the SEC investigation. What did the lawsuit ask for, "disgorge their profits"?
I do hope Elon brought this up with the Judge and SEC.
dqd88
Member
Artful Dodger
"Neko no me"
First I brushed this off as tin foil hat thinking. But then I thought about Elon's tweet about it is SEC who needs his cooperation to get the judge approval. Either he is imagining things, or maybe he does not intend to cooperate with the SEC anymore!
He can formally announce that he is backing out. The stock would tank. And then take Tesla private.
He can formally announce that he is backing out. The stock would tank. And then take Tesla private.
Hi Folks,
Not sure what to think yet about this latest move in the ongoing struggle for the soul of Tesla. A few things come to mind: (starting to form some ideas about the next 6 months)
So, really, I do not know what tomorrow will bring, or next year. I do know that there is never a dull day in TSLA-town, and that one element is present even when all else is in doubt.
- Elon may have previewed the proposed settlement letter and balked
- Shares were down $15 by midday, but only another $6.5 after-hrs post tweet
- very likely TSLA will open down further tomorrow as Media picks up the story
- one thing seems clear, Elon is in a fighting mood right now
- by nature, Elon exhibits only Righteous Anger not to be trivialized or discounted
- let me emphasize: I think Elon is PISSED, not BROKEN (he is motivated)
- he also burned some bridges today (ie: SEC); so he's not going back that way
- one of Elon's choices may just be to resign as CEO and Chairman of Tesla
- that would free him to start buying up shares as an outsider investor
- owning just 30% more TSLA shares, Elon could force a go-private motion
- shorts don't realize it yet, but their existential threat is a private TSLAP
- so where does TSLA bottom out, and can Elon afFORD* it on his own?
- Elon would give up $300B CEO compensation for $500B as majority shareholder
- if a go-private buy-out could be done for $50B, that's a 10x return on investment in 10 yrs
- BTW, at the current SP, Elon would only need ~ $14B to buy up a majority of TSLA
- Can he borrow that much against SpaceX? @Fact Checking @neroden Others?
Cheers, best wishes to all. Exciting times!
NOT AN ADVICE
*Note: Read more about how Henry Ford took Ford Motors private, here:
Remember That Time Ford Went Private? Elon Musk & Henry Ford ...
dqd88
Member
I take that at face value. He's just saying that as long as they keep making great products the company will be valuable. Sort of a reassurance that the stock will be ok long term.
In another words he has full intention to back out. The logical next step is either to fight a multi year lawsuit or take Tesla private on the cheap, maybe even 280.
Maybe that is my wishful thinking as I really want to be a TSLAP holder!
If there's a 30% short interest in the stocks, it means a lot more stock was sold than normally and the price is depressed, so if index fund investor needs money back and the stock is sold at the moment of 30% short interest, then they get much less money for their stock...
Probably not as much impact for stocks where short interest is small, but if you're talking $TSLA, investors saving maybe 1%/year on fund fees could lose a lot more when they are missing out on the big chunk of their stock value.
As we already learnt, TSLAP means kicking out all the small investors. So you get $280 for a share that you maybe paid $380 for during the first TSLAP. This would be robbery to some of us. Although could be good for humanity as a whole.
sundaymorning
Active Member
I can hardly wait for Q3 results, please speed it up Deepak. Looks like luvb2b updated the model, showing .29 eps for Q3, which is still pretty darn good. Q4 looks amazing.
trayloader
Member
And this is where his mind plays tricks on him.
You can have the best product in the world, if the image is ruined nobody’s interested.
It’s uncool.
Tesla is becoming uncool through his fallouts.
Well said.Some of you seem to need a reminder
Look, I'd be happier if he Tweeted more carefully and also don't mind if he takes some time off, but I think both the Pedo and the SEC tweet-series is due to his personality. If he believes he is right he is just unable to stand down.
What people are forgetting is that this is the same personality that gave us Tesla and SpaceX. Most rational business men or tech innovators would have given up at multiple times during the history of his companies. The odds were so low, the naysayers were so loud, the chances were so slim it was absolutely reckless and irrational to keep going on. Yet he did and here we are.
If you are thinking a well adjusted super rational person is going to fight the powers that may be and change the world, you are wrong. Look at Apple. My friends know I have little love for that company or their products, but even I acknowledge that Jobs was one of the most brilliant and influential tech leaders of all time. Tim Cook is a great "boring" CEO and can manage a steady ship very well, but name just 1 revolutionary product Apple released since Jobs passed. iPhones are getting bigger, thinner and they get a new shade of color every year, but that's about it.
Tesla needs Musk. We just need him to be a little more considerate.
⚡️ELECTROMAN⚡️
Village Idiot
Obviously Elon is trying to create controversy on purpose. It's not lack of control. He's a gambling man with a strategy. He's getting his chess pieces in position for check mate, or "short burn of the century" as he calls it. I know he predicted it to happen sooner, but he's been known to be late. "I would never bet against Elon" is common sentiment for a reason. Luckily I have some dry powder for tomorrow.
dqd88
Member
It's just a factual statement. He's trying to get people to think rationally.
You could replace Tesla with anything....
"If you think Apple is overvalued compared to probable value of future cash flows, sell. Otherwise, buy."
"If you think Snapchat is overvalued compared to probable value of future cash flows, sell. Otherwise, buy."
"If you think General Motors is overvalued compared to probable value of future cash flows, sell. Otherwise, buy."
you get the picture
Artful Dodger
"Neko no me"
Indeed. At first I was worried he may be at a bad place and say something more damaging than just that snarky joke. But the rest of the tweets show he is just as frustrated with the price action as we are. Still not a smart tweet but the rest of his tweets put it into perpective.
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