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https://finance.yahoo.com/news/fear-impending-car-price-collapse-110000556.html

 

The auto industry -- already fretting lengthy factory shutdowns and depressed new-vehicle demand -- is starting to sound the alarm about a potential used-car price collapse that could have far-reaching consequences for manufacturers, lenders and rental companies.

 

Used-vehicle auctions are for now virtually paralyzed, much like the rest of the economy. The grave concern market watchers have is that vehicles already are starting to pile up at places where buyers and sellers make and take bids on cars and trucks -- and that this imbalance will last for months.

 

 

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I can admit that I was wrong on stock performance, but as they say ‘the market can stay irrational longer than you can stay solvent’

 

 

 

 

It is likely also true that individuals can stay irrational longer than the market.

 

No idea how Tesla is rallying into this market. I don't get it. 

 

But as Tesla car owner and tiny shareholder, go Tesla!

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I can admit that I was wrong on stock performance, but as they say ‘the market can stay irrational longer than you can stay solvent’

 

 

 

 

It is likely also true that individuals can stay irrational longer than the market.

 

No idea how Tesla is rallying into this market. I don't get it. 

 

But as Tesla car owner and shareholder, go Tesla!

 

Short seller Eisman said it best: don't try to short cult name or phantoms

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I can admit that I was wrong on stock performance, but as they say ‘the market can stay irrational longer than you can stay solvent’

 

 

 

It is likely also true that individuals can stay irrational longer than the market.

 

Glad to hear your reasoning why Tesla is up YTD in light of what is happening around the world.

 

I guess Tesla must be immune to the virus?

 

https://www.wsj.com/articles/tesla-seeks-rent-savings-amid-coronavirus-crunch-11586823630

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I can admit that I was wrong on stock performance, but as they say ‘the market can stay irrational longer than you can stay solvent’

 

 

 

It is likely also true that individuals can stay irrational longer than the market.

 

Glad to hear your reasoning why Tesla is up YTD in light of what is happening around the world.

 

I guess Tesla must be immune to the virus?

 

https://www.wsj.com/articles/tesla-seeks-rent-savings-amid-coronavirus-crunch-11586823630

 

Seriously, wtf. Teflon Tesla.

 

https://www.marketwatch.com/story/tesla-gets-an-upgrade-at-credit-suisse-as-covid-19-disruption-makes-it-competitively-better-positioned-2020-04-14

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I can admit that I was wrong on stock performance, but as they say ‘the market can stay irrational longer than you can stay solvent’

 

 

 

It is likely also true that individuals can stay irrational longer than the market.

 

Glad to hear your reasoning why Tesla is up YTD in light of what is happening around the world.

 

I guess Tesla must be immune to the virus?

 

https://www.wsj.com/articles/tesla-seeks-rent-savings-amid-coronavirus-crunch-11586823630

 

Seriously, wtf. Teflon Tesla.

 

https://www.marketwatch.com/story/tesla-gets-an-upgrade-at-credit-suisse-as-covid-19-disruption-makes-it-competitively-better-positioned-2020-04-14

 

And that was on an upgrade to Neutral. Just imagine what'll happen when he upgrades it to a buy! You know, seeing as how Covid-19 helps improve Tesla's competitive position.

 

Apparently C19 is even better for Virgin Galactic - up 23% today, to a very reasonable $3.2B EV. And for that low, low price you get a company whose revenues are a rounding error, and whose losses almost doubled yoy to $210 million in 2019. But I mean if anything was going to convince rich people to fork over $250,000 for a few hours away from earth, it would be a pandemic. So Virgin Galactic is clearly a great C19 play!

 

M.

 

Edit: I guess I spoke too soon....

 

CNBC - "Tesla shares jump after hours as Goldman initiates with buy rating, sees rally above $800"

https://www.cnbc.com/2020/04/14/tesla-shares-jump-after-hours-as-goldman-initiates-with-buy-rating-sees-rally-above-800.html

 

Nothing to see here folks...move it along.

 

 

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I can admit that I was wrong on stock performance, but as they say ‘the market can stay irrational longer than you can stay solvent’

 

 

 

It is likely also true that individuals can stay irrational longer than the market.

 

Glad to hear your reasoning why Tesla is up YTD in light of what is happening around the world.

 

I guess Tesla must be immune to the virus?

 

https://www.wsj.com/articles/tesla-seeks-rent-savings-amid-coronavirus-crunch-11586823630

 

Seriously, wtf. Teflon Tesla.

 

https://www.marketwatch.com/story/tesla-gets-an-upgrade-at-credit-suisse-as-covid-19-disruption-makes-it-competitively-better-positioned-2020-04-14

 

It seems like the current much lower oil prices are a potential risk for them.

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I can admit that I was wrong on stock performance, but as they say ‘the market can stay irrational longer than you can stay solvent’

 

 

 

It is likely also true that individuals can stay irrational longer than the market.

 

Glad to hear your reasoning why Tesla is up YTD in light of what is happening around the world.

 

I guess Tesla must be immune to the virus?

 

https://www.wsj.com/articles/tesla-seeks-rent-savings-amid-coronavirus-crunch-11586823630

 

Seriously, wtf. Teflon Tesla.

 

https://www.marketwatch.com/story/tesla-gets-an-upgrade-at-credit-suisse-as-covid-19-disruption-makes-it-competitively-better-positioned-2020-04-14

 

And that was on an upgrade to Neutral. Just imagine what'll happen when he upgrades it to a buy! You know, seeing as how Covid-19 helps improve Tesla's competitive position.

 

CNBC - "Tesla shares jump after hours as Goldman initiates with buy rating, sees rally above $800"

https://www.cnbc.com/2020/04/14/tesla-shares-jump-after-hours-as-goldman-initiates-with-buy-rating-sees-rally-above-800.html

 

Nothing to see here folks...move it along.

 

So how big do you guys think the next capital raise will be?

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I've also been thinking for some time there is another capital raise coming with all the bank upgrades. I'd be surprised if he can get through more than $2 billion. But a larger raise would obviously be wise.

 

Price of this thing is completely unrelated from any company fundamentals. Come, on it is effectively shut down and should burn out in a few quarters.

 

It is a weird bubble. For some reason, it surges on Fed stimulus. See REPO in December 19' and now on the latest round.

 

Add to that the whole wallstreetbets call buying madness and you get these freaky runs that force shorts to cover.

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https://www.cnbc.com/2019/06/20/goldman-sachs-cuts-tesla-price-target.html

 

June 20, 2019 (TSLA stock price ~$220):

 

Goldman slashed its price target on Tesla to $158 from $200

 

“Sustainable demand [is] the key question as shares [are] likely continue to de-rate,” the bank said in a note. Goldman lowered the price target to $158 from $200, which would represent a 30% drop from Tesla’s current levels based on Wednesday’s close of $226.43.

 

“We believe that is the largest question for investors to underwrite at this point — what are sustainable demand levels for the Model S, Model X, and Model 3 — and how does that change with the introduction of Model Y production,” Goldman Sachs analyst David Tamberrino said. “We believe a downward path for shares will resume as it becomes more clear that sustainable demand for the company’s current products are below expectations.”

 

Love these guys

 

And here's the article from yesterday:

https://www.cnbc.com/2020/04/14/tesla-shares-jump-after-hours-as-goldman-initiates-with-buy-rating-sees-rally-above-800.html

 

Tesla shares jump after hours as Goldman initiates with ‘buy’ rating, sees rally above $800

 

Gotta love that word "initiates"

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No that it matter for Teslainvestment thesis, but Elon’s help with ventilators is a bit of a hyperbole:

https://www.cnn.com/2020/04/17/tech/elon-musk-ventilators-california/index.html

 

CNN was clearly wrong. Musk posted a bunch of receipts. ; )

 

Receipts of confirmed ventilators? Please post a link. Thanks.

 

You can start here. More on that sub tweet thread as well.

 

https://twitter.com/elonmusk/status/1250844985433272320/photo/1

 

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I think this article provides some interesting insights into the Tesla China relationship: https://seekingalpha.com/article/4339781-teslas-transformation-chinese-company-seems-unstoppable

 

Summary

What Tesla story does everyone – the analysts, the journalists, the investors – have completely backwards?

 

The Tesla in China story. Everyone seems to believe Tesla’s Shanghai factory is a big positive.

 

In reality, the Shanghai factory is Tesla negative. Perhaps one of the biggest negatives out there.

 

Why a negative? Because it will fail?

 

No, precisely the opposite. Because it will succeed, to the point that it competes with Fremont. But Tesla shareholders won't be able to capture the Shanghai benefits.

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Tesla stock has surged this year, despite the coronavirus-hampered markets, and a hedge fund just disclosed that it is one of the biggest investors in the electric-car firm.

 

Citadel CEO Ken Griffin said he owns through his fund’s entities a total of 7,864,059 Tesla shares (ticker: TSLA) as of Friday, April 24. That’s a 4.3% stake in Tesla. Griffin disclosed the holding in a form he filed with the Securities and Exchange Commission.

 

https://www.barrons.com/articles/hedge-fund-citadel-discloses-huge-stake-tesla-stock-51587762771

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Tesla stock has surged this year, despite the coronavirus-hampered markets, and a hedge fund just disclosed that it is one of the biggest investors in the electric-car firm.

 

Citadel CEO Ken Griffin said he owns through his fund’s entities a total of 7,864,059 Tesla shares (ticker: TSLA) as of Friday, April 24. That’s a 4.3% stake in Tesla. Griffin disclosed the holding in a form he filed with the Securities and Exchange Commission.

 

https://www.barrons.com/articles/hedge-fund-citadel-discloses-huge-stake-tesla-stock-51587762771

 

Isn't this mostly part of their market-making book to offset call options?

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Completely normal for a 140b market cap company:

 

Tesla determined not to renew its directors and officers liability insurance policy for the 2019-2020 year due to disproportionately high premiums quoted by insurance companies. Instead, Elon Musk agreed with Tesla to personally provide coverage substantially equivalent to such a policy for a one-year period, and the other members of the Board are third-party beneficiaries thereof. The Board concluded that because such arrangement is governed by a binding agreement with Tesla as to which Mr. Musk does not have unilateral discretion to perform, and is intended to replace an ordinary course insurance policy, it would not impair the independent judgment of the other members of the Board.
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Completely normal for a 140b market cap company:

 

Tesla determined not to renew its directors and officers liability insurance policy for the 2019-2020 year due to disproportionately high premiums quoted by insurance companies. Instead, Elon Musk agreed with Tesla to personally provide coverage substantially equivalent to such a policy for a one-year period, and the other members of the Board are third-party beneficiaries thereof. The Board concluded that because such arrangement is governed by a binding agreement with Tesla as to which Mr. Musk does not have unilateral discretion to perform, and is intended to replace an ordinary course insurance policy, it would not impair the independent judgment of the other members of the Board.

 

I like he is showing his large middle finger to obscene D&O insurance providers. Showing some more skin in the game here. Lol.

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