This is incredibly helpful & well timed. I submitted my complaint as well. I think today represents the most blatant example of baseless FUD that had immediate visible intra-day -$20 SP effect and to me a "manipulation in plain sight" example. I really hope a lot of us will follow @KarenRei 's lead and instead of bi$ching on TMC contribute to an attempt of forcing SEC's investigation on this. These bastards need to become accountable for the financial damages they cause.
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I'm not so sure....
Lots of articles try to put the best face on the reporting. Wouldn't you, if you were a reporter? You want people to read your stuff, after all.
And lots of CEOs try to imply more substance than they can actually deliver. Coast to coast FSD demo by December 2017? 20k monthly Model 3 production by 2017? 10k weekly Model 3 production by December 2018 - "Zero doubt, and I mean ZERO".
Are you sure the Journal reporter and Mr. Musk are not both simply human beings with the same fallibility? And the same human weakness for putting the best face on their work?
There were a few VINs reported on twitter that were interpreted as European due to a different code for the restraint system that was previously used for S/X going to Europe: Model 3 VINs on Twitter
So IMHO it is likely we will see all VINs there. Could crosscheck with Model S/X VINs.
Before the WSJ FUD drop? Highly suspicious...And ~$336But not my ~$341 or higher.
Any lawyers here with access to PACER? There is this short (self confessed) who claims on Twitter, that the suit was amended and re-filed on September 28th.
If anyone has access we could check what they claim in the new suit.
Ulmo
Active Member
Tight band between $329.00 and $330.00 for the last 30 minutes, stiffened to $329.50 & $330.00 for the last 21 minutes.
Edit: wait a minute; someone must have seen what I wrote and ate up the dollar, intentionally trading in such a way to push the market stock price down, rather than just taking a new position (walking the price down, which one can clearly see live on the chart; here's Time And Sales):
Edit: and the lack of follow through and the return to the previous band shows that it was a one-time weak manipulative thing.
Edit: I wonder if this is the same thing again:
Here's what I've been talking about overall:
Edit: Up at $330.90! Nice
Edit: wait a minute; someone must have seen what I wrote and ate up the dollar, intentionally trading in such a way to push the market stock price down, rather than just taking a new position (walking the price down, which one can clearly see live on the chart; here's Time And Sales):
Edit: and the lack of follow through and the return to the previous band shows that it was a one-time weak manipulative thing.
Edit: I wonder if this is the same thing again:
Here's what I've been talking about overall:
Edit: Up at $330.90! Nice
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A 30 second superbowl spot would be 5 million. If they made 20 bucks profit on a pair of shorts They'd probably need about 250K in sales. Count me in.
Since I'm pretending to be a moderator today, bunch'a'posts moved to Market politics --ggr.
I do, what's the jurisdiction?
The original case appears to be as per Reuters:
The case is Wochos v Tesla Inc et al, U.S. District Court, Northern District of California, No. 17-05828.
Alright, I don't have exact dates of conversations and realizations but the story I heard...
The contractor for the module line for months was "we almost got this it's fine just a bit more time" which is typical from a failing contractor. It wasn't until Elon being his micro manage self went down there and gathered some heads for chopping did Tesla realize holy *sugar* you guys really don't have this. The cause was a bit of classic Elon hubris as Tesla not only wanted the most automated line but also with a very small footprint. You ended up with overly complicated machines that they couldn't even get the programming right for. Anyways then Tesla takes over and their guys think "well I'm sure we can work out the last few kinks and get this *sugar* running". Some time goes by (not entirely sure how much) and they realize holy *sugar* we have to start from scratch. They pulled Tesla people into the project but also hired outside help to redo the whole programming of the line. Which Elon openly talked about. The outside help was not Grohmann as they were working on building a line from scratch, robot and programming wise, in parallel in case Tesla couldn't get the original line to work. With Tesla staff and outside contractors working 12-14 hour days 7 days a week they got the original line working.
This is why the DOJ investigating a company for missing a production rate by a measly 6 months is asinine. Any large company has many groups saying many things, translated by managers trying to look good, getting telephoned up the chain. Not even taking into account Elons honest and optimistic nature. It has to be massively obvious deception for it to be CRIMINALLY (DOJ, beyond reasonable doubt) proven in court. This is why you hardly ever see the DOJ look into *sugar* like this, except when it's Tesla apparently.
Anyways, that was the major factor for the delay as I understand it so unless they are looking into something else, from what I heard, the whole thing is a distraction.
/End rant
Not an advice
blah
The contractor for the module line for months was "we almost got this it's fine just a bit more time" which is typical from a failing contractor. It wasn't until Elon being his micro manage self went down there and gathered some heads for chopping did Tesla realize holy *sugar* you guys really don't have this. The cause was a bit of classic Elon hubris as Tesla not only wanted the most automated line but also with a very small footprint. You ended up with overly complicated machines that they couldn't even get the programming right for. Anyways then Tesla takes over and their guys think "well I'm sure we can work out the last few kinks and get this *sugar* running". Some time goes by (not entirely sure how much) and they realize holy *sugar* we have to start from scratch. They pulled Tesla people into the project but also hired outside help to redo the whole programming of the line. Which Elon openly talked about. The outside help was not Grohmann as they were working on building a line from scratch, robot and programming wise, in parallel in case Tesla couldn't get the original line to work. With Tesla staff and outside contractors working 12-14 hour days 7 days a week they got the original line working.
This is why the DOJ investigating a company for missing a production rate by a measly 6 months is asinine. Any large company has many groups saying many things, translated by managers trying to look good, getting telephoned up the chain. Not even taking into account Elons honest and optimistic nature. It has to be massively obvious deception for it to be CRIMINALLY (DOJ, beyond reasonable doubt) proven in court. This is why you hardly ever see the DOJ look into *sugar* like this, except when it's Tesla apparently.
Anyways, that was the major factor for the delay as I understand it so unless they are looking into something else, from what I heard, the whole thing is a distraction.
/End rant
Not an advice
blah
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Artful Dodger
"Neko no me"
Yeah, that's a Market Maker enforcing the closing price at $330.90 so Max Pain was worth a $76.1M buy order in the final second of trading.
Market manipulation is a thing. Eight billion dollars changed hands today in TSLA.
pyromatter
Member
Wochos v. Tesla, Inc. et al (3:17-cv-05828), California Northern District Court
AMENDED COMPLAINT Friday, September 28, 2018
AMENDED COMPLAINT Friday, September 28, 2018
mltv
Member
I don't get it. What's the point of a superbowl ad? Is Tesla starving for demands?
345$ is another resistance, (and 332$ still remains) if one believes in that stuff at all.And ~$336
Sudre
Active Member
"didn't immediately respond". I bet Tesla responded and the WSJ decided not to print the response. It does not say Tesla did not respond or said no comment. Tesla probably said something like, "We are unaware of any changes in the DOJ investigation."
That doesn't exactly fit what the WSJ wants to print so they exercised the choice to just leave that out and their short buddies exercised a few more positions.
Today's upper BB is 323.10. Since we closed wellllll above that, especially given the poor macros today, this bodes well for next week.
Artful Dodger
"Neko no me"
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