Since Tesla updated their guidance on Sunday evening (before the quarter had even technically ended), I'd been assuming that it was related to Elon's announcement on Tuesday.
I no longer see any connection. Am I wrong to think this? Was there a connection I do not see?
If there was no connection, that means that Tesla made a business decision to update their guidance late on the evening of the 31st. Why?
Anyone have any theories?
Legal requirements?
Goose the stock price??
I don't get it. It made Elon look foolish by making his Tuesday announcement look anti-climactic. Why not combine the announcements? Why not hold the guidance until the shareholders meeting?
Why does it matter that owners looking at their VIN's were going to know that Tesla was doing well? Is that a reason for the announcement or is that just a throw-away line?
It doesn't make sense to me, and while I made a boatload of money as a result of the announcement, it's just freaking me out a little bit. Enough so that I exited the stock almost as soon as I read the headline of their press release. Well, that plus I found the non-lease leasing program to be somewhat underwhelming, and while Elon committing himself to personally support the resale value of the car is nice, it's not the kind of investment I'd like to see.
I no longer see any connection. Am I wrong to think this? Was there a connection I do not see?
If there was no connection, that means that Tesla made a business decision to update their guidance late on the evening of the 31st. Why?
Anyone have any theories?
Legal requirements?
Goose the stock price??
I don't get it. It made Elon look foolish by making his Tuesday announcement look anti-climactic. Why not combine the announcements? Why not hold the guidance until the shareholders meeting?
Why does it matter that owners looking at their VIN's were going to know that Tesla was doing well? Is that a reason for the announcement or is that just a throw-away line?
It doesn't make sense to me, and while I made a boatload of money as a result of the announcement, it's just freaking me out a little bit. Enough so that I exited the stock almost as soon as I read the headline of their press release. Well, that plus I found the non-lease leasing program to be somewhat underwhelming, and while Elon committing himself to personally support the resale value of the car is nice, it's not the kind of investment I'd like to see.