Tesla: The Great Short

[MysticLlama]

And other side projects.

https://www.biopharma-reporter.com/Article/2020/07/03/Tesla-building-RNA-microfactories-for-CureVac

[sugarwood]

Originally Posted by RWebb

5% is nothing

I'm only talking about the price in context of Sammy's $1509 buy price as short-term earnings event trade. In that sense, 5% is something as the close was $1568.

I think TSLA will sell off after earnings, regardless of the news.

[sammyg2]

Probable.
It's around 1600 now, if the stop loss kicks in tomorrow morning I''ll wait and buy again after the dust settles.
If not, I'll sit on it.
Long term there is too much millennial and unicorn money being dumped into the market, and that money LOVES tesla like a cult. Kids with their first real job and 401k, and if tesla makes a profit and gets into the S&P it'll be grabbed by more giant institutions. Legitimate.
Can't stay down long. They'll drive it to 2k.

[group911@aol.co]

I thought the whole market was a cult? Not much rationality in any of it.

Originally Posted by sammyg2

Probable.
It's around 1600 now, if the stop loss kicks in tomorrow morning I''ll wait and buy again after the dust settles.
If not, I'll sit on it.
Long term there is too much millennial and unicorn money being dumped into the market, and that money LOVES tesla like a cult. Kids with their first real job and 401k, and if tesla makes a profit and gets into the S&P it'll be grabbed by more giant institutions. Legitimate.
Can't stay down long. They'll drive it to 2k.

[sammyg2]

Originally Posted by group911@aol.co

I thought the whole market was a cult? Not much rationality in any of it.

There may be truth in that .....

It's hard to argue against the value of companies that create products, create profit and wealth, and pay regular dividends. But the rest ...well.... pretty much just gambling even if the odds are in our favor.

[RWebb]

I'd agree with that but add that there is a lot of short-term "noise" in the non-monotonically rising signal.

I have some shock absorber and forced, damped harmonic oscillator analogies too - but they are only for use by subscribers to my Award-Winning Investment Newsletter, the "Short-Tabs and Make Moola System"

[sammyg2]

I know what you mean huh?
Where's that pancake bunny

Tesla reports surprise Q2 profit
Published: July 22, 2020 at 4:31 p.m. ET
By Claudia Assis
2
Quarterly sales down 5% but above Wall Street expectations

Tesla Inc. late Wednesday reported a surprise second-quarter GAAP and adjusted profit, sending the stock more than 3% higher in the extended session

Tesla TSLA, +1.52% said it earned $104 million, or 50 cents a share, in the quarter, contrasting with a loss of $408 million, or $2.31 a share, in the year-ago quarter.

Adjusted for one-time items, Tesla earned $2.18 a share, swinging from an adjusted loss of $1.12 a year ago.

Sales fell 5% to $6.04 billion from $6.4 billion a year ago.

Analysts polled by FactSet expected an adjusted loss of 2 cents a share on sales of $5.15 billion.

Before Wednesday, the Silicon Valley car maker had reported three consecutive quarters of GAAP and adjusted profit. That fourth consecutive profit sets it on course to join the S&P 500 index within a few months.

Tesla earlier this month reported second-quarter sales that crushed Wall Street expectations, even as its sole U.S. car-making factory was shuttered for most of the quarter under local shelter-in-place orders.

The sales surge was one of the recent catalysts for the stock rally, which has pushed Tesla’s market valuation around $300 billion, about $95 billion ahead of Japan’s Toyota Motor Corp. TM, -0.00% and the No. 1 car maker in the world by market value. The shares ended at a record $1,643 on Monday, and hit an intraday record of $1.794.99 on July 13.

In April, Tesla also surprised investors by posting a first-quarter profit. Chief Executive Elon Musk kept the surprises going on a post-results call with analysts, veering off script to condemn the closures put in place to curb the spread of the virus and likening them to fascism.

Musk also ignited Twitter and legal spats that prompted even President Donald Trump to chime in on the factory closure.

Tesla’s Fremont, Calif., factory reopened in May in defiance of local shutdown orders. The standoff was eventually resolved, with Tesla reopening the plant after filing a health and safety plan with local authorities.

Earlier Wednesday, analysts at B. of A. Securities kept their cautious stance on Tesla, saying that the stock was overheated and urging investors to “remain cautious despite hype and momentum.”

The analysts increased their price target on the shares to $800, from $500, but kept their equivalent of a sell rating. The mean price target on Tesla from 31 analysts polled by FactSet is $912, with the top of the range being above $1,500.

[sammyg2]

The question that comes to mind is, why did the stock shoot up almost two weeks ago when the earnings are 'sposed to be sooper secret?
If word got out early and people started buying, that would be agin the law. And we all know that insider trading doesn't happen.

So how does a guy get on that short list of people in the know?
Scratch that, I'll wait for the book.

[sammyg2]

Tesla Inc.
ALERT
AFTER HOURS
Last Updated: Jul 22, 2020 4:54 p.m. EDT

$1,668.90
+ 76.57 4.81%

[biosurfer1]

Originally Posted by sammyg2

The question that comes to mind is, why did the stock shoot up almost two weeks ago when the earnings are 'sposed to be sooper secret?
If word got out early and people started buying, that would be agin the law. And we all know that insider trading doesn't happen.

So how does a guy get on that short list of people in the know?
Scratch that, I'll wait for the book.

People were pretty sure Tesla was going to beat earnings when Elon started selling the "Short shorts" on Tesla's website a while back.

[sammyg2]

Originally Posted by biosurfer1

People were pretty sure Tesla was going to beat earnings when Elon started selling the "Short shorts" on Tesla's website a while back.

So yer telling me I gotta pay attention? This is gonna be harder than I thought

[group911@aol.co]

I told you to buy them when they showed up on his web so you can't say you weren't warned.

Originally Posted by sammyg2

So yer telling me I gotta pay attention? This is gonna be harder than I thought

[sammyg2]

[group911@aol.co]

Is that a Windows or Mac machine you're trying out?

Originally Posted by sammyg2

[biosurfer1]

Uh oh

[sugarwood]

Sammy, did your stop loss get triggered at $1520 ?

[sammyg2]

$1518.87
Made just under 50 bux on that last round, not much worth the trouble still better than loosing 50.

[Sooner or later]

Early retirement, Sammy!

[RWebb]

Originally Posted by sammyg2

$1518.87
Made just under 50 bux on that last round, not much worth the trouble still better than loosing 50.

but was it fun?

[sammyg2]

Absolutely, entertainment value.
But the entertainment is more valuable when it makes you money

Now the big question is, do I get back in and when?
1200?