My post said that I disagreed with the notion that SEC actions have done more damage to the stock price than Elon’s Take private Tweet.
My basis is that without that tweet - none of the SEC actions would have existed - do you disagree with that? If so, on what basis?
Hi Thekiwi, how ya going?
You seem kinda intent on ignoring that the Saudi investment triggered the jump in TSLA on Aug 7th, not Elon's tweet. Understanding the real cause of the jump will lead to a better understanding of the day, and subseqent events. It is this underlying cause that frightens and motivates TSLA short-sellers.
The SEC investigation was a extreme tactic forced by TSLA shorts. It is unheard of to rush such an investigation through in less than 2 months, and release it the day before record 3rd Quarter production numbers were due. And just one month before Tesla's Q3 Earning Report would put the lie to the short thesis about profitability. It was a desperate and despicable act.
However, if Elon
hadn't sent the tweet, shorts would simply continue to attack him though their next available means. Their goal is to separate him from Tesla operations and management. This pattern of character attacks was established long before Aug 7th. Shorts think if they can break Elon, it will lead to the downfall of Tesla. They will fail in both attempts.
That's their real goal. The SEC sideshow is kabuki theatre. The story right now is the Saudi investment. I suspect we'll know more after Oct 18. If the KSA PIF goes big on solar and storage, Tesla could double in size vs the Automotive division alone.
And that scares the *sugar* out of the shorts.
Using oil money to build up renewables is like the Hulk breaking off the short's longer leg and beating them with the stump. Thor is already doing it in Norway (EV sales in Norway has already surpassed dino-sales, and their soverign wealth fund holds $Billons in TSLA). Elon is Ironman. If any more Marvel Superheroes get involved in this fight, the shorts will look like the penguin in a Batman movie.
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BTW, enjoyed my time in Wellywood at the Embassy Theatre for the opening of LOTR:ROTK. Spent Christmas in Lower Hutt with friends among the Kea and the Kakapo. Rode my push bike from Auckland to Queenstown over a 4 week tour.
MUCH preferred the North Island, but I'm still on the DOC mail list after all these years. Next visit, I'm buying a campervan at the YHA in Orcland. Unless Tesla has campervans in NZ by then. Oh, here's some Peter Jackson for you...
Cheers!
