I am looking at short-selling some TSLA. Wished I'd decided to do this a month ago but sometimes I'm slow.
Bob Wilson
Bob Wilson
Tesla stock price
- Thread starter R P
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R P
Well-Known Member
Maybe you'll get it right this time...haha. But if you make some bucks, don't hold it too long. This stock has a history of going down, and then suddenly shoot back up with some event, whether hype or fundamental.
Having said that, watch your timing. Nasdaq and techs are looking for a little rebound right now.
Having said that, watch your timing. Nasdaq and techs are looking for a little rebound right now.
I have a longer timeline than an hour, a day, or a week. There are systemic reasons why I think short selling is reasonable at this time. I'm just racing against the institutional investors.
UPDATE:
Vanguard is processing the transfer from my bank account which won't show up until after the Market closes. But they have an option to 'freeze' any transactions for another 7 days. I may be able to short-sell Thursday or worst case, a week later.
Bob Wilson
UPDATE:
Vanguard is processing the transfer from my bank account which won't show up until after the Market closes. But they have an option to 'freeze' any transactions for another 7 days. I may be able to short-sell Thursday or worst case, a week later.
Bob Wilson
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Bruce M.
Well-Known Member
I was expecting at least a small rebound today after Tesla stock cratered Tuesday, but thus far it's down over 3% more today. Meanwhile, this parody billboard is up in London. I'm no marketing guy, but this does not seem like the sort of brand image most companies want. You never know, but Elon's goose-stepping chickens may finally have come home to roost.
Musk has his own mental problems that the sociopath in Chief is playing like a fiddle. It happens so we learn and adjust.
Bob Wilson
Bob Wilson
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Bruce M.
Well-Known Member
And down another 3% today, while Kia unveiled 3 very sharp-looking and pretty affordable new EVs -- the subcompact EV2 and compact EV4 sedan and hatchback. The U.S. may only get the EV4 sedan, alas, but I like them all. Between the Koreans and the Chinese, Tesla's days dominating the global EV market look about done.
It is what happens when at CEO gets distracted. Not instantly but with certainly. The Tesla specifics:
- Optimus robot - I am not a future customer as they will be too expensive and troublesome to program.
- CyberTruck - I don't buy pickup trucks either.
- Efficiency - once a world leader, the most recent Model 3 has the same efficiency, kWh/100 mi, as my 2019 model.
- Solar roof - to get a system that matched my requirements, my contractor went with non-Tesla panels with micro inverters, non-Tesla battery, and non-Tesla system controller
- They did the circuit and mounting and I provided a Tesla Universal Charger (L2, 48 A usable)
Worse, the CEO has put his faith in a sociopath who I expect will someday say, "Will no one rid me of this troublesome p...?"
Bob Wilson
R P
Well-Known Member
When it comes to stock trading, sometimes emotion and logic line up. This may be the case right now with TSLA. Certainly fundamentals do not look good right now, but they have been bad really for the last year. It was emotion that pushed the stock up a few times, reaching record highs not that long ago. However, fundamental reality seems to rule right now.
Until Tesla comes up with more competitive EVs, both functionality and price, I think the stock will suffer. There may be more rebounds along the way, with wishful announcements about FSD, Robotaxis, etc, but can't see how they will have a strong positive effect on the results, for quite some time.
Until Tesla comes up with more competitive EVs, both functionality and price, I think the stock will suffer. There may be more rebounds along the way, with wishful announcements about FSD, Robotaxis, etc, but can't see how they will have a strong positive effect on the results, for quite some time.
Actually there are kWh/100 mi EVs that have slightly better efficiency. But both are unprofitable companies and neither has even Autopilot level driving assist.
There are claims that the Chinese have some but are not for sale in the USA. Worse, sometimes reviews don’t sound quite right.
So my 2019 Model 3 fully meets my requirements and has Full Self Driving. I can’t find a credible competition. Furthermore, the trade-in value is so low, $8,500, I can’t afford to let it go. But as explained, TSLA stock is different.
Bob Wilson
There are claims that the Chinese have some but are not for sale in the USA. Worse, sometimes reviews don’t sound quite right.
So my 2019 Model 3 fully meets my requirements and has Full Self Driving. I can’t find a credible competition. Furthermore, the trade-in value is so low, $8,500, I can’t afford to let it go. But as explained, TSLA stock is different.
Bob Wilson
Bruce M.
Well-Known Member
As a certified Elon-hater, I see nothing to be gained by selling a Tesla you've owned for years if it works for your needs -- that has no real impact on the company's bottom line. Some may do it as a symbolic statement, which is fine if another EV works for them. But I am happy I chose a Hyundai Kona Electric, which does everything I need with spectacular efficiency (5.3 miles/kWh), and my next vehicle will almost certainly be from the Hyundai/Kia family.
Looking over last year:
I knew Musk had gotten distracted so I liquidated all of my TSLA holdings. Anything over $219.00 will be a fine price to "short sell" TSLA. I still have to wait for the "7 day hold" to count down. My current plan:
I knew Musk had gotten distracted so I liquidated all of my TSLA holdings. Anything over $219.00 will be a fine price to "short sell" TSLA. I still have to wait for the "7 day hold" to count down. My current plan:
- March 7, 2025 -- Short Sell ~$219/share
- April 23, 2025 -- Buy to cover Short Sell seven weeks from now, ~$110/share
Its the plan that matters, Not the number of shares.
Bruce M.
Well-Known Member
Well, the Trump tariffs have now tanked the stock market, and Tesla is down another 4.43% today. So much winning! You're going to get tired of winning! Of course, if the tariffs stay around for long, they're going to totally screw with Ford, GM and Stellantis, including their EV models. The Koreans may be the big winners. But I don't see Tesla winning its pissed-off former customers back.
R P
Well-Known Member
I don't trade, long or short, TSLA, never have. But since you brag about yours, if you just report trade prices without quantities, kind of meaningless.
The experiment begins:
I've never short-sold any stock before. But I had some spare change and it begins. My plan is to clear the short a day or so after the 2025 Q1 financial report in about seven weeks.
Bob Wilson
I've never short-sold any stock before. But I had some spare change and it begins. My plan is to clear the short a day or so after the 2025 Q1 financial report in about seven weeks.
Bob Wilson