Me too...logical thought process makes my tummy feel good.
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ZachShahan
Active Member
Hey folks, we're being watched, and quoted
Tesla (TSLA) FUD Kicks Off The Week Again — Who's Dizzy From The Spin? | CleanTechnica
Haha, I was actually about to tell you all that we quoted several of you and appreciate your insight and tremendous way of framing the issues. If anyone wants their quote removed for some reason, let me know, but I expected you're happy to get more eyeballs on your thoughts.
Also, yes, this is crazy. Feels like an enormous amount of pressure to bring down the stock to a half-decent exit point for the shorts before it goes through the roof. At the same time, I think some of these vocal critics legitimately think Tesla is on the verge of bankruptcy. Though, the loudest and most incessant — like the guys who drive Dan Neil off of Twitter — must be getting a bit nervous.
Personally, I find it hard to read whether they will somehow keep driving the stock price lower with FUD — which it seems more big media outlets have absorbed rather than not, unfortunately — or the truth about Tesla's vehicle quality, demand, and production improvements will bring the stock up slowly (with dips here and there) before the short tsunami.
Also, I find it funny that some people think the short tsunami would start when Tesla hit 5K at the end of June. I assumed, like before, it would start when Tesla showed a quarterly profit — or that became clear enough even to extreme skeptics.
I'm upset that I bought more TSLA recently rather than getting it below $300
but I've never been exceptional at the short-term timing. YMMV
Thanks for all the quotes and tips!
So we’ve all heard Elon talk about how much of a failure flufferbot was. I’m sure whoever manufactured that probably sold millions of dollars of robots to Tesla. They also will sell millions of dollars more for future expansion. I’d be asking for a rebate too. In this case Tesla is merely asking for a little fluffing to keep the business relationship amicable. </speculation>
ZachShahan
Active Member
ditto. but always feels a little funny to see him doing it over here instead of on CleanTechnica comment threads. but i guess better to be sleeping with my friends than my enemies.
Hey folks, we're being watched, and quoted
Tesla (TSLA) FUD Kicks Off The Week Again — Who's Dizzy From The Spin? | CleanTechnica
Haha, eer... if I'm going to be quoted in stories I'm going to have to keep my answers a little more vague to CMA.
Thanks for sharing that. A little earlier in this hour Phil LeBeau of CNBC quoted a portion of that for his TV viewers.
There we go, less than 10, for projects not even completed. Sounds about right and close to how I figured it was.
ZachShahan
Active Member
Can you provide the source link for that? Not seeing on any Tesla accounts.
UPDATE: Never mind. Got it from Tesla.
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MartinAustin
Active Member
Up until this year, I never needed "dry powder" before because I buy things and sit on them. TSLA is the first stock I've really realized that I should always keep a buffer of funds around so I can move in on dips. Live and learn, I guess. Good news is there's gonna be plenty more dips to come before the end of the year or that convertible debt actually converts.
Mader Levap
Member
If you are long (as in buy and hold for years at least) and believe Tesla will succeed (here defined as very high stock price), then current miniscule differences don't really matter.
Tomorrow's WSJ Headline
Tesla stock hit by report of flat tire
Tesla stock fell by more than 10% after a Model S got stranded on I-5 with a flat tire. The Model S from Mr. John Johnson suffered a major malfunction as a bold punctured his front tire on the I-5 near Bellingham WA. Contrary to other cars Tesla's don't carry spare tires but rely on mobile service units to get the tire fixed. However, in this case it took more than 15 minutes for the mobile Tesla unit to arrive. This made Mr. Johnson ten minutes late for his sales appointment. According to Tesla specialist Mark. B. Spiegel -- Mr. Johnson filed a complaint with NTSB and intent to sue Tesla for damages including a lost sales contract. Mr. Johnson and Tesla were not available for a comment.
Tesla stock hit by report of flat tire
Tesla stock fell by more than 10% after a Model S got stranded on I-5 with a flat tire. The Model S from Mr. John Johnson suffered a major malfunction as a bold punctured his front tire on the I-5 near Bellingham WA. Contrary to other cars Tesla's don't carry spare tires but rely on mobile service units to get the tire fixed. However, in this case it took more than 15 minutes for the mobile Tesla unit to arrive. This made Mr. Johnson ten minutes late for his sales appointment. According to Tesla specialist Mark. B. Spiegel -- Mr. Johnson filed a complaint with NTSB and intent to sue Tesla for damages including a lost sales contract. Mr. Johnson and Tesla were not available for a comment.
Dan Detweiler
Active Member
Hallelujah!
Now will the WSJ post a retraction on the initial speculative BS? Of course not, that would be admitting their journalistic ineptitude.
Dan
Kudos to this honest broker (no pun intended) at CNBC:
Tesla responds to report about supplier refunds
Tesla responds to report about supplier refunds
Dan Detweiler
Active Member
Careful...you might just see this. Although there would have to be a line in there stating that the tire was on AutoPilot at the time. Then Tesla would have to come up with some statement to justify themselves.
Dan
This weekend might have marked the climax of Max FUD for Tesla. The share price low today may eventually be dubbed the "Higgins Bottom".
100% correct. Not only supply chain, but customers too. All this negative press DOES affect buying behavior, and the shorts are absolutely trying to bankrupt Tesla. Remember the NYT Broder debacle in early 2013? Just as the Model S production was ramping up, some well publicized negative articles hit and it ABSOLUTELY affected Tesla sales. People really were deferring their orders. I was late on the wait list, and I was surprised when I got my invite to order email in January 2013, and my car was made and delivered very shortly thereafter. While Tesla has never publicly admitted to it, books and articles have made the case that 1Q2013 was touch and go for Tesla.
I suspect a similar thing is happening now. People are deferring their orders based on the avalanche of negative press. Not everyone, of course, but enough to prompt Tesla into action. I personally have a couple of Model 3s reserved, and have deferred ordering for completely unrelated reasons (just timing on my part, I would love a Model 3 right now), but as a result I've been actually called by Tesla a couple of times asking if I'd like a test drive. Tesla wouldn't be putting Model 3Ps into sales centers and calling customers if they didn't feel they had to.
A high volume car like the Model 3 demands high volume sales, and Tesla is making sure to keep that sales pipeline full. Things are not desperate for Tesla yet - they still have the ace in the hole of the short range $35K Tesla. And they can start offering leases. And they can do more marketing. And word of mouth and positive reviews are starting to gain traction.
I fully expect Tesla to thrive, but you are seeing the action and reaction of battle skirmishes.
Off Shore
Off Topic Member
Once is ineptitude, twice is gross ineptitude. WSJ's frequency of speculative BS is just malfeasance.
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