He is not wrong though. Shorting is illegal/not an option in many countries around the world at their local stock markets, including many countries here in Europe.
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So how long does it take for Deepak to work through the numbers for the quarter? Is it something that Elon would have known on Monday 10/1? Or does it take some days for confirmation? If they were good, would it be reasonable to expect Elon to somehow share this information, especially with the stock tanking? Because we haven't heard anything, is that a bad sign?
EVNow
Well-Known Member
No. You shouldn’t sell what you don’t have. That shouldn’t be legal. That’s definitely not ethical.
dqd88
Member
We are also all getting the *sugar* kicked out of us by the shorts. We need to fight back. They need to be sued. Need to put them on their heels. They spread lies that mislead the investment community. The SEC needs to prosecute them. We need to pressure the SEC to do so. If SEC doesn't investigate and sue the Tesla investors should. Tesla Inc should. Elon should. Short sellers, journalists, media outlets, anyone spreading misinformation. They need pushback, they need consequences for their wrongdoing or else they'll keep doing it.
So who's gonna take the charge? I'll throw in some $$ to kick start it. It's easy to find the lies. Pick any article and sue for libel. That'll make 'em think twice.
Artful Dodger
"Neko no me"
Are you a part of the shorty air force?
How do you know these things?
Science.
POOF! It's gone.
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EVNow
Well-Known Member
You know Deepak doesn’t sit with a calculator and work through the numbers, right ? I expect books of large companies will take a couple of weeks to close after month end. They may need to do some manual adjustments after that - so, 3 weeks ?
dqd88
Member
Elon should sue the NY Times, bloomberg, puppets of hedge funds on twitter, and anyone else spreading false information in an attempt to manipulate SP.
One does have it. That's why one borrows it - in order to have possession and to be in a position to effect delivery.
dqd88
Member
Interdasting. Would Elon fly straight to Shanghai or stop for fuel somewhere? Range seems to indicate there's a 10% buffer.
I get nowhere near the rated range on my Tesla's. But not going near the posted speed limits might have a correlation?
I think it’s most likely less than 3 weeks. The report would also need to then get reviewed by the company auditors and the audit committee. All of this probably takes around 3 weeks when almost $7 billion dollars of revenue is involved.
Disclosure: guessing from somewhat limited experience with internals of public companies.
Edit: I also think if they have over $50 million in GAAP profit, Elon and Deepak know today that they hit GAAP profitability.
Stating that our society has racists doesn't make me one.
The same goes for pointing to cases of white, male self-entitlement, so I liked it when someone on this topic mentioned the powerful members of society, Donald Trump and Brett Kavanaugh.
I am (not) sorry if I burst anyone's bubble, so let's all go back to our usual light mood, perhaps with a little joke,
The US police officer who joked 'we only kill black people' has resigned
PS. I use an actual photo of myself here so I was evidently referring also to myself in my first post on this topic.
Artful Dodger
"Neko no me"
Yeah, that Schuler press weighs 80 tons, that's not its stamping pressure. But do you know the utilization rate / capacity of the current press? Let's not assume they need another one in Fremont without information.
Cheers!
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Artful Dodger
"Neko no me"
The Saudi's bought 5% w/o anyone noticing. They spread their share accumulation over a 6 month period. Elon could simply place a hard stop buy order at $267 and soak up any shorting. Then $270, $275, ...
As soon as the word is out, the shorting stops immediately, because they know they'll never get those shares back, and they'll need shares to vote at the next AGM.
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Yeah that was my point, smoking pot and crazy tweets aren't great except for pr, and they may harm or help stock price in the short term, but when someone gets to the point where they are doing real harm that's when it's time to call for resignation. Crazy thing is it sounds like Autopilot is actually saving lives, not just for Tesla owners but for other drivers too. Great excuse to buy a car btw, even better than global warming.
I think the SEC would have a problem with that too, and Musk wouldn't have much of a case.
Well, I would be most happy to have been mistaken on this point.
Edit PS. Apologies to @neroden for doubting that his (free) advice om TMC was more valuable than that of surely very expensive consultants to Elon Musk.
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I think he would still have to file Form 4’s. I might be wrong here but I think anytime you own over 10% stake you must file as an insider.
Though there is a 3 day lag in reporting. You are required to file 2 business days after a trade.
They won't say anything officially till Nov. However, Elon tweeted that rap song O.P.P. right after the Q end. Which you could interpret as Operating Profit Positive. Or not.
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