TSLA Market Action: 2018 Investor Roundtable

[RoadsterPlease]

Are the shorts holding the lid on 260? It wants to move up so hard.

 

[Krugerrand]

Anyone else concerned about possible upcoming expansion of Saudi investment in Tesla given the apparent assassination of a U.S. Green Card holding journalist likely by the Sauidi government? Twitter is full of activity right now about companies, media, and governments backing out of the Davos in the Desert event, which was rumored to be where a major Tesla announcement was going to be made.

Now what? Will/should Tesla walk from the deal? If not, does the stock (and company reputation) take a huge hit?

Let me know when there’s concrete evidence of who the assassin is and their personal motive.

 

[KarenRei]

BTW, is anyone but me rather... well, concerned about the location of Giga 3?

It's reclaimed land (aka, low, probably not super well drained or resistant to liquefaction) here:

Google Maps

Major earthquake risk? Check
Major tsunami risk? Check
Major typhoon risk? Check

Welcome to disaster alley, Tesla....

 

[humbaba]

Get your orders in soon to get full tax credit Tesla vehicles ordered after October 15 lose out on full tax credit eligibility

No rush for me: I can't take advantage of the tax credit. Of course, the corollary is that I can't afford a Tesla either

I don't know what the split in the US is for those who can take advantage of the tax credit, but there is a common misconception around EV discussions that everyone has a large tax burden that will be offset by the credit. Not everyone makes that much money.

 

[HG Wells]

No rush for me: I can't take advantage of the tax credit. Of course, the corollary is that I can't afford a Tesla either

I don't know what the split in the US is for those who can take advantage of the tax credit, but there is a common misconception around EV discussions that everyone has a large tax burden that will be offset by the credit. Not everyone makes that much money.

Convert IRA money to Roth IRA money. Creates tax liability.

 

[avoigt]

Settled!
InsideEVs‏ @InsideEVs
Tesla Resolves $655,000 Clerical Error With State Of Nevada

7:15 AM - 12 Oct 2018

InsideEVs on Twitter

 

[Krugerrand]

Settled!
InsideEVs‏ @InsideEVs
Tesla Resolves $655,000 Clerical Error With State Of Nevada

7:15 AM - 12 Oct 2018

InsideEVs on Twitter

Old news already. Was settled the day it was originally reported; Tuesday.

 

[humbaba]

Convert IRA money to Roth IRA money. Creates tax liability.

I'm really not sure how that would affect my taxes. I know that there's a 10% penalty for early IRA withdrawals, but that's the limit of my knowledge. I'll have to take a look.

But I'm not sure how many, if any, of the people I know even have IRAs. My general point is that many people can't qualify for any, much less all, of the EV tax credit so it isn't relevant to them.

 

[GBleck]

Convert IRA money to Roth IRA money. Creates tax liability.

Unless you already maxed your Roth for the year. I'm looking for creative ways to up my liability for the year as I funded my regular pretax IRA heavily at the start of the year until I realized that I wasn't going to get 7k in tax liability at that rate. Any ideas other then make more money (already on that)?

Sorry for getting off topic. At this point I am really glad that Tesla isn't being taken private with Suadi funds as the US has an automatic sanctions protocol if your government is found to have been whacking journalists. Would have made for a lot of uncertainty.

 

[Tslynk67]

I think we need this judge to pull her finger out and ratify this SEC business - it's still hanging over the SP IMO.

 

[Mkorpal]

I'm really not sure how that would affect my taxes. I know that there's a 10% penalty for early IRA withdrawals, but that's the limit of my knowledge. I'll have to take a look.

But I'm not sure how many, if any, of the people I know even have IRAs. My general point is that many people can't qualify for any, much less all, of the EV tax credit so it isn't relevant to them.

If you make enough to afford a Tesla, you should have enough taxes to get the full rebate. Unless you are really good at avoiding taxes.

 

[aubreymcfato]

That f***ing Saudi prince is gonna poison the new business deal with Tesla.
I foresee a huge backlash in media, and more FUD.

 

[shrspeedblade]

I'm not too sure, considering the attention span with modern media is measured in days if you wait a couple of weeks just before the U.S. election and then announce it quietly it would probably be noted but a little.

 

[humbaba]

If you make enough to afford a Tesla, you should have enough taxes to get the full rebate. Unless you are really good at avoiding taxes.

my first post included the comment that I don't make enough to afford a Tesla. Stock is one thing, a vehicle is another. Theoretically, yes, I could get a Tesla. And I keep running through the math trying to find a way.

But I could be making a substantial amount more (enough to buy a Tesla) and *still* not be able to take advantage of the tax break. These discussions seem to be mostly by people who unquestionably make enough money to have large tax burdens so the reality of many buyers seems to be missed.

 

[RoadsterPlease]

NASDAQ above 7500 will be $TSLA above 260

 

[SW2Fiddler]

I'm not too sure, considering the attention span with modern media is measured in days if you wait a couple of weeks just before the U.S. election and then announce it quietly it would probably be noted but a little.

Announce what quietly?

 

[Nocturnal]

I'm really not sure how that would affect my taxes. I know that there's a 10% penalty for early IRA withdrawals, but that's the limit of my knowledge. I'll have to take a look.

But I'm not sure how many, if any, of the people I know even have IRAs. My general point is that many people can't qualify for any, much less all, of the EV tax credit so it isn't relevant to them.

That doesn't count as an early withdrawal. IIRC you can do one of those conversions per 365 days. If you move 20k over you basically add 20k to your income for the year.

 

[SteveG3]

I'm not too sure, considering the attention span with modern media is measured in days if you wait a couple of weeks just before the U.S. election and then announce it quietly it would probably be noted but a little.

when it comes to potential FUD re Tesla the attention is top notch... burning cardboard, $650,000 overdue tax payments... it’s as if there were an army of FUD tipsters handing them talking points.

 

[RobStark]

There is convergence at end of quarter and divergence at beginning of quarter

Bloomberg has changed the model to a 13 week trailing average. It will avoid spikes and troughs due to erratic reported VINs from Tesla.

 

[bdy0627]

I think we need this judge to pull her finger out and ratify this SEC business - it's still hanging over the SP IMO.

Shorts are undoubtedly hoping she sits on the decision for a while to maintain uncertainty.