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Shall we wait for a confirmation from Tesla before blindly believing ‘reports’? I hope the reports are true, but we need facts. After that you can start praising people for giving correct predictions.
I believe an answer for this is that Tesla received higher than expected demand for AWD and the 10,000 drive assemblies per month announcement is telling.
Higher AWD drive demand will push ASP higher but needing twice the Motor’s is a likely bottleneck due to their announcement.
ebyard
Member
Yeah, what I meant was, other than a cursory "hello" I hope he stays off the call. He can use twitter to explain what's happening. The earnings call needs to be as boring as possible, and let Deepak deal with it.
Otherwise you know what all the questions will be; just leading him into questions about the SEC deal etc. All that needs to be stamped on, and so better if he was there for show, but didn't answer any questions.
I already have the funds set aside for my SR, MSM, 19", PUP Model 3. Today...hmmm, might be a LONG Med cruise or a month stay in Italy. But I am only half way through this week's trading. Now I need to see good delivery numbers to cement the rest of the calls deep in profits. Then I may have to switch up to a Model S.
As I have said before, I have no complaints with Tesla's products. Some of their business decisions drove me to the dark side. A new Chairman, new board members, and a better business plan could keep me long far into the future. Despite my rep on here, my rep on SA is one of balanced objectivity. If I go long and stay long, others may follow my lead. Time (and the numbers) will tell.
While I am glad the longs like yourself who held on have recovered over this SEC debacle, my one-day returns of 686.11%, as of a moment ago, prove options are the better and far less risky play if you know what you are doing.
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Given that his long position was fictional, he can use his fictional happiness with his fictional gains to console himself over his real short losses (assuming he didn't cover).
Noooo we need Elon to be Elon but perhaps with tape delayed so there’s a chance to edit any faux pas that come up.
MartinAustin
Active Member
I disagree, I want Elon on the call, he is a valuable source of information.
Questions about the SEC deal will easily be deflected, in fact, ruled out-of-order, and here is why. This is the Tesla quarterly earning conference call. To discuss TSLA and Tesla corporate issues. Elon's effort to take the company private was a separate consortium of entities led by him, but was not Tesla, per se, and the SEC was suing Elon as n individual for his behaviour during that take-private process. It was not Tesla machinations. There won't be any SEC questions answered during that call and any analyst who asks SEC-related questions will get a black mark.
I believe Elon has 45 days to step down as chairman of the board. The Q3 earnings call falls well within that period. And there is the physical time taken to find a new chairman - might take until after October 3rd or so (whever the ER is).
It’s not that hard. Just start out the call stating that you will not answer any question pertaining to the SEC. if someone does ask, just ignore and move on.
I think you yourself could manipulate the stock if you went out and bought a Tesla today.
“Donn Bailey buys a Tesla” would collapse SA.
One more article like “Musk is absolutely 100% going to prison” is expected and doesn’t do anything.
I had spent another 10k USD on shares and calls on Friday. Having steel nerves pay off I guess but I don't know what to do with this 10/19 295c call I have. I bought it when shares were 270 and I'm already up 200% however I don't want to sell because deliveries taking us to 320s would be 300%. Anyone want to chime in? Should I just not be greedy and sell?
ROFL!!! You give me WAAAAAAAYYYYYY too much credit. Heck, I am not even on Twitter! ValueAnalyst has a lot more street cred and she is already long... or was anyway.
jeewee3000
Active Member
I have to say I don't like the financial headlines today. Basically it's "Tesla stock price surges/rallies/peaks/... on SEC deal" but it should say "Tesla stock back (closer to) where it should be".
I still want my $355 back from pre-tweet August 7, only then I'd feel truly psyched about Q3 deliveries and ER coming up.
I still want my $355 back from pre-tweet August 7, only then I'd feel truly psyched about Q3 deliveries and ER coming up.
jeewee3000
Active Member
We are all aware of those claims by the SEC, but proving them would have been another story. In fact, former SEC Senior Counsel Thomas Gorman believes the SEC would have had a difficult time proving their claims as they themselves have noted Musk met 3-4 times with the Saudis on this. And the SEC also filed a civil case, so in that sense it was no different in terms of the need to prove bad intent.
So while there would have been a discussion on whether Elon could have reasonably believed funding was secured, it is far from a foregone conclusion he would have lost the case. In fact, quite the opposite as per Mr. Gorman.
As to the shorts` argument, i think they have an even tougher case for a couple of reasons.
- They claim financial damages, but this may only apply to those who closed all their positions as the share price ran up and lost money. Those who stayed in, made money as the SP plummeted the next few trading days as Musk did not disclose financing details, so overall they may even have a financial gain due to Musk` actions. (I saw an "expert" make this claim but can`t recall who and when, but does make some sense.)
- Prefacing the entire saga with "I am considering" and the fact they still would have needed investors` approval (which Musk admitted) means the deal could still have fallen through as per Musk`s own admission in that announcement and subsequent clarifications later that day. So trading on this information was still not a sure bet, but everyone who did so took that chance. Had Musk gotten shareholder approval only to realize that oral agreement with the PIF did not hold up, would have meant the deal failed on "funding secured". It did not. Musk was "considering" and changed his mind, pulled the proposal. Whether the money was there or not is immaterial as the deal was always subject to "considering" and in the end he decided against it.
You are making the right decision IMHO. I am sitting on half a batch of $300 calls that expire Friday. I sold the first half this morning. I will sell the rest after we see the delivery numbers which I am hoping will top 75,000 and give us another small bump up.
Actually, I only think 'Hell' starts when they scale something by about an order of magnitude.
Simply copying one production line into a second - or copying one whole factory into a second should not in itself cause these challenges.
Unless of course, somewhere further down the line that leads to such an increase - e.g. 100 fold increase in Chinese deliveries after GF3 reaches full capacity.
Roll it to another Option that is further out. ~ cheers!!
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