gfp Posted February 3, 2020 Share Posted February 3, 2020 Grimes’ baby is rich! Link to comment Share on other sites More sharing options...
Castanza Posted February 3, 2020 Share Posted February 3, 2020 Cathie Woods "Tesla to 7000 by 2024" Start at 5ish https://www.marketwatch.com/video/marketbrief/making-the-case-for-tesla-7000/62320628-4D83-4112-9FE0-CFC85D2A221A.html Link to comment Share on other sites More sharing options...
ERICOPOLY Posted February 3, 2020 Share Posted February 3, 2020 Cathie Woods "Tesla to 7000 by 2024" Start at 5ish https://www.marketwatch.com/video/marketbrief/making-the-case-for-tesla-7000/62320628-4D83-4112-9FE0-CFC85D2A221A.html That's proof that a trillion dollars doesn't go as far these days as it used to. Link to comment Share on other sites More sharing options...
Castanza Posted February 3, 2020 Share Posted February 3, 2020 Cathie Woods "Tesla to 7000 by 2024" Start at 5ish https://www.marketwatch.com/video/marketbrief/making-the-case-for-tesla-7000/62320628-4D83-4112-9FE0-CFC85D2A221A.html That's proof that a trillion dollars doesn't go as far these days as it used to. When asked if her firm was buying she said "Well we are taking profits to average draw down our position size." I get that, you need to maintain your 10% allocation. But at the same time when you make wild claims like that you should put your money where your mouth is. In fairness she's basically right about her Tesla $1000 call last summer. Link to comment Share on other sites More sharing options...
Gregmal Posted February 3, 2020 Share Posted February 3, 2020 Cathie Woods "Tesla to 7000 by 2024" Start at 5ish https://www.marketwatch.com/video/marketbrief/making-the-case-for-tesla-7000/62320628-4D83-4112-9FE0-CFC85D2A221A.html That's proof that a trillion dollars doesn't go as far these days as it used to. When asked if her firm was buying she said "Well we are taking profits to average draw down our position size." I get that, you need to maintain your 10% allocation. But at the same time when you make wild claims like that you should put your money where your mouth is. In fairness she's basically right about her Tesla $1000 call last summer. Thats just how a successful money manager manages the position. Not by shorting it $400 ago and then making excuses. Link to comment Share on other sites More sharing options...
Kaegi2011 Posted February 3, 2020 Share Posted February 3, 2020 Thats just how a successful money manager manages the position. Not by shorting it $400 ago and then making excuses. Had to lol at this one! ;D Link to comment Share on other sites More sharing options...
Spekulatius Posted February 3, 2020 Share Posted February 3, 2020 Anyway, I will leave you now to continue to invest in the dying dinosaurs of last century like DD and LBTYA with your precise EBITDAs. Back to your entertaining selves, CoBF! Edit: add BA,GM to the mix. BA screwed up the clock on their manned rocket and used third rate programmers for their 737 Max? Who would have thought software would be so important to these companies that grew accustomed to excelling only in the hardware domain? :o I surrender. Link to comment Share on other sites More sharing options...
Aberhound Posted February 4, 2020 Share Posted February 4, 2020 I thought Elon said Tesla's are appreciating assets. Should be worth $250k when FSD is 'feature complete'. Seriously though, I wonder what a Tesla with a bad battery is worth? Might be a business opportunity there. Use the car body for spare parts that are apparently hard to come by, and recycle the battery. If you know what you’re doing you could always use an old Tesla battery for your house. I believe in one of the videos he mentions how much he paid for a used battery. https://www.youtube.com/user/oldmilwaukee100 A great business might be to take the old Teslas and put the battery and maybe the engine (an engineer might better say if that is possible) into a speedboat. If it was possible that would save a lot of money on gas or diesel as electric engines work efficiently at any speed while boat engines work efficiently only at one speed and therefore are inefficent at most speeds used. Link to comment Share on other sites More sharing options...
Liberty Posted February 4, 2020 Share Posted February 4, 2020 888 pre-market. I think that’s what they call a face-ripper... Update: Now above 900 Link to comment Share on other sites More sharing options...
Gregmal Posted February 4, 2020 Share Posted February 4, 2020 Definitely looks like today is setting up to be the blow off top. Link to comment Share on other sites More sharing options...
petec Posted February 4, 2020 Share Posted February 4, 2020 However, if it's just a canned response to a question in which the CEO does not want to answer, for strategic reasons or otherwise, then I think it's perfectly acceptable. At that point, the decision is choosing between "No, I will not answer that question, next!" vs. "babble babble let me deflect the question." Agreed, and I prefer CEOs honest/brave enough to choose the former! Link to comment Share on other sites More sharing options...
gfp Posted February 4, 2020 Share Posted February 4, 2020 It printed 907.66 premarket - what a classic squeeze we have here. Those short shorts he mailed... Yikes! Link to comment Share on other sites More sharing options...
LC Posted February 4, 2020 Share Posted February 4, 2020 Literally fucking nuts. Guess we all should've went all-in 5 days ago and then mailed the rest of the year in! Link to comment Share on other sites More sharing options...
A Dhandho Investor Posted February 4, 2020 Share Posted February 4, 2020 Wow idd, if this continues it is a 1000+ stock by tomorrow. Great call by Elon to not accept the buy-out offer at 420 :o Link to comment Share on other sites More sharing options...
benhacker Posted February 4, 2020 Share Posted February 4, 2020 Wild... amazing that the borrow remains 1% or lower and has for years and years. Is this really a squeeze or just straight up exuberance? Probably all of the above. Wow. Link to comment Share on other sites More sharing options...
Liberty Posted February 4, 2020 Share Posted February 4, 2020 The stock could fall 50% and still be higher than the $420 level that shorts thought was ridiculously high... Obviously the current move isn't sustainable, but also obvious is that this stock isn't predictable. Does it fall back down a lot quickly, a little and stabilizes, melts over years, or Musk pulls other rabbits out of his hat and the market likes it? He raises $10 billion in equity at minimal dilution and has enough cash to derisk things a lot which changes the perceived risk level? ¯\_(ツ)_/¯ Link to comment Share on other sites More sharing options...
RuleNumberOne Posted February 4, 2020 Share Posted February 4, 2020 The bear market ended on Friday and we began a new bull market on Monday. The spineless Fed has removed all fear from the stock market. Link to comment Share on other sites More sharing options...
petec Posted February 4, 2020 Share Posted February 4, 2020 He raises $10 billion in equity at minimal dilution and has enough cash to derisk things a lot which changes the perceived risk level? ¯\_(ツ)_/¯ That would be smart at this point. Link to comment Share on other sites More sharing options...
stahleyp Posted February 4, 2020 Share Posted February 4, 2020 I'm glad to see Telsa doing well as I think their goals are good for the world (I've never had a position either way) but I do think we're reaching euphoria here. Reminds me the bitcoin $100,000 calls from a couple years ago. Link to comment Share on other sites More sharing options...
Junto Posted February 4, 2020 Share Posted February 4, 2020 First investment in months and it's a short on this stock. Way out of reality... Bigger than all other car companies combined?!? Short at $894. Only second short in my investing career and looks like easy money. Long term a fan of what they are doing but don't see this valuation as reasonable. Link to comment Share on other sites More sharing options...
LC Posted February 4, 2020 Share Posted February 4, 2020 First investment in months and it's a short on this stock. Way out of reality... Bigger than all other car companies combined?!? Short at $894. Only second short in my investing career and looks like easy money. Long term a fan of what they are doing but don't see this valuation as reasonable. What means did you short if you don't mind sharing Link to comment Share on other sites More sharing options...
Castanza Posted February 4, 2020 Share Posted February 4, 2020 First investment in months and it's a short on this stock. Way out of reality... Bigger than all other car companies combined?!? Short at $894. Only second short in my investing career and looks like easy money. Long term a fan of what they are doing but don't see this valuation as reasonable. “Looks like easy money” Have you seen the headlines? Link to comment Share on other sites More sharing options...
ERICOPOLY Posted February 4, 2020 Share Posted February 4, 2020 I switched to Tesla Insurance for my Model S. Only $104.52/mo for $100k/$300k coverage and 22k miles annually. Link to comment Share on other sites More sharing options...
fareastwarriors Posted February 4, 2020 Share Posted February 4, 2020 First investment in months and it's a short on this stock. Way out of reality... Bigger than all other car companies combined?!? Short at $894. Only second short in my investing career and looks like easy money. Long term a fan of what they are doing but don't see this valuation as reasonable. You're probably more likely right than wrong here but I heard these same arguments at 400, 500, 600, and so on. Who knows it could hit a 1000 before it blows up. Good luck. Link to comment Share on other sites More sharing options...
gfp Posted February 4, 2020 Share Posted February 4, 2020 Thanks for the data point Eric - do you mind sharing what you were paying with a traditional insurer, like-for-like ? I switched to Tesla Insurance for my Model S. Only $104.52/mo for $100k/$300k coverage and 22k miles annually. Link to comment Share on other sites More sharing options...
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