Waiting4M3
Active Member
Converted some shares to J20 400C at $342, and again at $335, I'm prepared for 2 more tranches at $327 and $320.
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Stock is still up 60 pts over the last month
bdy0627
Active Member
Looks like rotation out of the tech sector this week. Effect on TSLA is of course amplified. I nibbled a little bit today. We have dropped 10.7% from the local high on 6/18. I'm not planning to add anymore for now. If we drop to $318, that would be a 14.7% drop from 6/18. That's a pretty typical dip for TSLA, so I wouldn't be surprised in the least to see that. I think the overall market performance is likely to be a big factor in where this dip ends. For some reason, these EOQ rotations keep catching me by surprise even though they seem pretty predictable when the market is way up.
On the assumption that he would have revealed about the sabotage as soon as he had facts, his short burn announcement would have been well before he knew.
Mike Smith
Active Member
This reminds me of the day after the 9% layoffs announcement. TSLA went way lower on the first day, then completely reversed and went much higher the following days as the market remembered that cost cutting is actually a good thing.
bdy0627
Active Member
Looked back at the daily chart for 2013, when we had the big run up similar to the last few weeks. I can't post the chart right now, but a correction in late May/early June 2013 has a pretty similar appearance to now. The stock pulled back 23% before gradually rising again. Notably, the bottom on that dip looks like it coincided with the lower trendline.
Todd Burch
14-Year Member
As far as I can tell the sabotage didn't really affect production. The minor fire in the BIW area stopped production for a few hours according to Elon's email (not a huge deal), and the modification to the manufacturing computer system would have been fixable quickly I think. It's not like all of the robots were banging into each other. I would say the impact of the sabotage on production was less than 200 cars for the entire quarter.
I dont understand what you are saying? I wasnt even saying anything bearish, just that it has been fun to watch.
ValueAnalyst
Closed
Yup. This is the primary company-specific risk I see for the near-term, and it does not seem to have materialized despite intense efforts.
Actually, there is a difference for my situation: I sold all my position at $355. I bought back lower at $350, $346.50, $343, $334 while the stock was going down. Now if the stock went back up, yeah, technically it would now make no difference if I bought the same at $343, $346.50, and $350.
ya typically there is a difference between averaging up vs averaging down
one is averaging up and the other is averaging down
one is averaging up and the other is averaging down
TheTalkingMule
Distributed Energy Enthusiast
Bizarre, this really felt like a squeeze-worthy day. Ah well. Are we at 5k yet???
Investors need to start appreciating the potential on the Energy side. Well positioned on the consumer side of a market worth literally triliions.
Waiting4M3
Active Member
Tesla stock falls after Bernstein issues cautious note on services margins, automotive gross margins
Shocking, Sacconaghi has something negative to say about Tesla
Shocking, Sacconaghi has something negative to say about Tesla
?
It's not impressive unless it actually happens. And even then it's pretty obvious chart-wise anyway.
bdy0627
Active Member
That information has been available for quite some time. Interesting that he is issuing another "cautious" note now.
The information has been available, but if its true that they are shifting costs from auto GM to service GM (which i have stated before), then it significantly affects the bull thesis that auto GM are "25%+" for S and X and "~20%" for the 3
ev-enthusiast
Active Member
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