Mega Thread for Tesla Investors

So now you like Elon's defeated ego?

Seriously, you should never play poker with Elon ... nor me nor @Pushmi-Pullyu.

Uh, I'm figuring not until Q1 2019. The reason is the shorts only have to pay interest on their margin call. And then the Federal Reserve just increased the interest rate ... probably not enough but soon.

Bob Wilson

 

I am not a lawyer or expert but I did take class which discussed corporate governance. As a CEO he will be a corporate officer. He is also a director. But he has lost he Chairman position. The Chairman presides over board meetings and generally he has some powers that other directors do not have (again the articles of organization should address that as also state law). So technically Elon has a boss from whom he may need to get permission for certain actions. Similarly, the Chairman could remove items from the agenda or close a discussion on a subject during board meetings. Again, actual impact will depend upon who they select as Chairman. If it is Elon's brother or friend, may be not much. If the do the right thing and chose an experienced individual with no connection to Elon, it may be meaningful.

Also in addition to the Board, may be Elon's new lawyer advised him to settle. This lawyer Chris Clark was the one who defended Mark Cuban and that lawyer may have said that. "this is case is not winnable and its best to take this slap on the wrist".

https://www.foxbusiness.com/business-leaders/teslas-elon-musk-hires-mark-cubans-former-attorney-after-rejecting-sec-settlement

 

I disagree, Elon was given a great deal and he refused, taunting the SEC to sue him. He could have folded but he insisted on calling their bluff. They played their very strong cards, share price took a dive and he folded the very next day. SEC had a much stronger hand and may be his new hot shot lawyer had to tell him that. The news articles state that Elon did not want to settle as he felt it would compromise his stand, but he did settle. I am going to guess if the news on Friday was that Elon had settled, the price of the share may have gone up, instead he allowed them to file the case and it went down. I am not sure that Elon played his cards well. The critical skill in playing poker is knowing when to fold. He should have folded before the case was filed.


I suspect he allowed his ego to rule. However as I maintain, it was slap on the wrist.

 

Pay the fine and move on. Sorry you don't get it but that really doesn't matter.

Bob Wilson

 

I'm fairly confident so I put a buy order in for $265 Monday morning.

Bob Wilson

 

My prediction of a short squeeze assumed there's going to be an announcement of Q3 profit, along with very good sales/delivery numbers; I'm choosing to be optimistic here. If those things don't happen, then I don't see a short squeeze happening.

 

Serial Tesla basher and stock shorter "TeslaInvestors" once again suggests Tesla might miss its guidance. Try to imagine the utter lack of surprise on the part of us Usual Suspects.

No, try harder.

Others express less biased opinions: "Skeptic Says Tesla Will Likey [sic] Hit Q3 Delivery Guidance"

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Electrek seems to think they will meet their goals.

https://electrek.co/2018/09/28/tesla-model-3-production-goal-achieved-record-quarter/

 

Tesla Q3 ends at midnight today. I suspect we'll see preliminary press releases on Monday and the financial reports by November 1. My only regret is not taking advantage of the Tesla $270 stock sale on Friday.

Bob Wilson

 

Since I follow the "story" of Tesla Motors/ Tesla Inc. so closely, I sometimes lose sight of the forest for the trees; that is, lose sight of how the public at large sees Tesla.

Case in point: Both CBS Nightly News and BBC America News had major news segments yesterday on the SEC filing a lawsuit against Elon and Tesla, and Elon agreeing to settle.

A lot of Tesla fans have been saying the lawsuit isn't a big deal. I think I've repeated that assertion at least once or twice in my comments. Well, it seems pretty clear that the public at large does think it's a big deal.

Speaking of recent news, there's a new story at the InsideeEVs news site that Elon Musk sent out a company-wide email yesterday, saying they were close to profitability for the quarter, and urging employees to greater efforts to pass that mark. In other words, as of yesterday, Tesla's accountants estimated that the company hadn't yet achieved profitability for the quarter. So it seems almost certain that Tesla will post only a razor-thin profit margin. That's too bad; I was hoping for a comfortable margin, with which to whack the serial Tesla bashers about the head and shoulders.

It's going to be interesting to see what Tesla's stock does over the next week. I expect to see some major movement, possibly both ups and downs in price!

"May you live in interesting times." -- apocryphal ancient Chinese curse

 

Sez who? For your production estimate, are you using Bloomberg's increasingly inaccurate production tracker, which contrary to all evidence (including Bloomberg's own disclaimers) you seem to think is meaningful, or at least pretend to?

If that's the basis for your claim, then it's without any merit at all.

* * * * *

This was posted Sept. 21 in Bloomberg's "Production Blog":

The biggest problem for our model this quarter has been a dramatic separation between our two datasets. Prior to today’s changes, our model for registered VINs estimated Tesla’s total production at about 87,000, while our reported VINs model estimated a whopping 102,000 cars. We concluded that the reported VINs model had gone off track.

Tesla doesn’t produce cars in perfect sequence—we’ve known that from the beginning and our model accounts for it. What our model doesn’t account for is major gaps in VIN production. This quarter, there appears to be at least two such breaks in the normal order of VIN deployment.

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LOL!

Except for mirth, I try to criticize such things in a private message to the author or using the "Report" function if too much time has passed. Yet, I had considered what damage an SEC under Bob Lutz, Scott Pruitt, or Andrew Wheeler might do.

Even in these forums, there have been over the top, emotional postings against Elon Musk. If these critics were in charge of the SEC, they might have sued to have Elon and the board of directors banned from Tesla, fined to bankruptcy, and imprisonment. There would be no negotiation but a long, drawn out, legal case with an abundance of bile embedded press releases.

Bob Wilson