TSLA Market Action: 2018 Investor Roundtable

[AWDtsla]

You weren't the first to say it, don't worry

Now there's a classic MMD for you, a nice bear-attack, no-doubt triggering some 340 stop-losses...

Who the hell would set a stop loss at 340... According to IB 700,000 shares were sold short this morning.

 

[Lessmog]

Yeeeowch. Yeah, I think they'd better stop expanding Gigafactory 1's workforce. This was not well thought out.

IMO, additional production should be at Gigafactory 2 in Buffalo, NY, where there's plenty of space, plenty of water, and plenty of housing.

Not to mention, plenty of power -- both hydro and, soonish, own solar. Plus a need to populate the work force in order to comply with terms.

 

[scaesare]

Do we have to put him in a box ?

Hard to tell...

 

[replicant]

The drop might be related to this BS (again):
Kris Sanchez on Twitter
Reveal on Twitter
Ryan Gabrielson on Twitter

 

[neroden]

I see your point, but that hugely increases the cost of transportation of goods.

Does it? Why?

The majority of the cars and trucks and stationary batteries are destined for the East Coast in any case. It would make sense to put the Model Y factory and the Semi factory on the East Coast in terms of minimizing transportation.

Obviously economies of scale mean that Gigafactory 1 should keep doing what it's doing, but ideas of putting a semi factory there or making Model Y there seem deeply unwise and make no sense. A Semi or Model Y factory should be EAST.

 

[Ellec]

The drop might be related to this BS (again):
Kris Sanchez on Twitter
Reveal on Twitter
Ryan Gabrielson on Twitter

It's a market-wide tech sell-off. If you think these kind's of stories can move price you need to forget investing.

 

[S3XY]

I asked a local, DISQUS User 'carsonight', about the possibility of creating a 'Teslatown'. This idea was first raised by Elon with NV Gov J. Sandoval during a conference about a month ago. Carsonight says there isn't enough water in the Reno area to support a town of 10,000 people. Further, all water rights in the area are long since over-allocated and its a major limiting factor for residential growth. Gov Sandoval did not comment on the idea.

If Elon really wants to do this then I can foresee the headline "Boring Company to build tunnel from GF1 to Teslatown". I'm not familiar with how long the tunnel would have to be but there has to be enough water somewhere.

 

[EVNow]

It's a market-wide tech sell-off. If you think these kind's of stories can move price you need to forget investing.

Nasdaq down 1%. Tesla was nearly 5% down. Yes, Apple was also considerably down - but that has a reason.

All I'm saying is this was not just some bots selling to follow the index.

ps : Agree the "news" about workers safety is nothing new, and was retweeted just 20 times.

 

[Todd Burch]

Everyone's looking too hard to find a Tesla-specific reason for the ~4% drop right now.

Tesla's volatile. It tends to magnify market moves.

Maybe--just maybe--macro forces just happen to be driving this morning's change.

It'll probably come back up as quickly as it dropped.

Breathe.

Breathe.

 

[Tslynk67]

Who the hell would set a stop loss at 340... According to IB 700,000 shares were sold short this morning.

Idiots?

Anyway, now I look wider it's a general macro issue, methinks, combined with the SEC/DoJ B.S., maybe emboldening some new short positions.

EDIT: Apple under 200, Amazon below 1600 - it's not TSLA, in fact TSLA seems to have stabilized right now...

 

[S3XY]

Not to mention, plenty of power -- both hydro and, soonish, own solar. Plus a need to populate the work force in order to comply with terms.

Also GF2 has close proximity to over half of Canada's population and highly populated Northeastern/Mid-Atlantic/Midwestern US.

 

[Boomer19]

maybe - or perhaps traders read the thread about how bad drive on nav sucks (not my words)

i said, not my words. i don’t even have the latest software update. don’t be so sensitive.

go read the thread. it’s pretty scathing account of what’s going on. there are some helpful rebuttals.

Navigate on Autopilot is Useless (2018.42.3)

 

[Boomer19]

Wow, down $16. Seems like an institution is dumping? Saudi's? But I doubt they would dump a fresh investment.

aapl down 4%
amzn 3.9%
tsla 4.36%
nvda 3.8%
many others in same area (amd, akam, splk, swks, zg, etc etc

don’t overthink it.

 

[Intl Professor]

For obvious reasons my bias is political. Upthread is speculation the election tomorrow is responsible for today's dip. I agree and the outcome is uncertain but of immense importance. NYT has a recent very cautionary, and wise, opinion piece for Democrat hopes. I don't intend to sell and expect as a long that Tesla will be seen as a hedge against unrelated macro uncertainty as do many here. But there is a lot to be uncertain about because this election is way more important as a signal of our future on many levels. In my unhumble opinion the outcome will not reduce anxiety. The tea leaves are mixed.

 

[sundaymorning]

The drop might be related to this BS (again):
Kris Sanchez on Twitter
Reveal on Twitter
Ryan Gabrielson on Twitter

According to the previous conference calls, OSHA (Occupational Safety and Health Administration) has already cleared Tesla of false claims on safety. The “investigation” was months long and quite in depth, I doubt these little stories have any bearings on TSLA.

 

[Bobfitz1]

Does it? Why?
The majority of the cars and trucks and stationary batteries are destined for the East Coast in any case. It would make sense to put the Model Y factory and the Semi factory on the East Coast in terms of minimizing transportation.
Obviously economies of scale mean that Gigafactory 1 should keep doing what it's doing, but ideas of putting a semi factory there or making Model Y there seem deeply unwise and make no sense. A Semi or Model Y factory should be EAST.

Does GF 2 site near Buffalo have enough undeveloped acres for MY and Semi assembly?
Buffalo and NY state would steam roller any red tape to building GF2 out, as vehicle production would actually deliver the jobs they invested to create in the area.

 

[anthonyj]

Turned my 385c Decembers into 400c Januarys

Down half of a Model 3 today

 

[ZeApelido]

I asked a local, DISQUS User 'carsonight', about the possibility of creating a 'Teslatown'. This idea was first raised by Elon with NV Gov Brian Sandoval during a conference about a month ago. Carsonight says there isn't enough water in the Reno area to support a town of 10,000 people. Further, all water rights in the area are long since over-allocated and its a major limiting factor for residential growth. Gov Sandoval did not comment on the idea.

Irrelevant. Elon is going back to first principles.

Boring tunnels from Sparks to Lake Tahoe and other Sierra drainages will provide ample water, and entertainment.

#AguaConfirmed
#Chinatown 2.0

 

[Reality]

To save those the trouble, the case is based on the argument that "Tesla is liable because its production ramp is six months behind."

There is a lot of interesting information in the offering circular

 

[bhtooefr]

The drop might be related to this BS (again):
Kris Sanchez on Twitter

Meanwhile, I'm literally looking at a VoIP phone right now that says that 911 service may not be available, and I don't work for or at Tesla in any capacity. (The customer that I support has their own internal emergency number that they prefer calls go to, because they have on-site EMT/fire, and they can also have security meet the city fire department and escort them to the exact location of the incident, rather than the fire department having to guess.)

Reveal on Twitter

I like how they repeat the "Elon doesn't like yellow" thing that's been repeatedly debunked.