I SAID GOOD DAY

But based on what? This is not what the history of those manufacturers suggest. Tesla has been outselling German carmakers in the past (some segments of course).

I have indeed won every argument about Tesla, thank you.
I didn't count on Musk committing actual securities fraud, which he did when he expressed high confidence in 5000/week by the end of 2017, a target that was completely impossible and which he knew was impossible

His actions appears to have bumped up the stock a bit longer, while his fraud made him unable to raise cash in late 2017/2018 (he would have to disclose the fraud or actually go to prison if he tried to do it in a secondary while undisclosed) and is now in dire straits and not far from bankruptcy.

For the record, are you holding or selling here at $345? Do let us know when you sell, or we will assume you have held the entire time.

As for trading, my trades speak for themselves, long and short.

oh man securities fraud? Sounds bad, you should alert the SEC immediately.

I have no opinion/prediction on Tesla, I just enjoy laughing at other people's terrible predictions of which there are many.

Toothsayer has turned the bitcoin thread into aids but I still think he's correct here. Tesla is rising but what is the sample size? It is all hype imo. I am not an Elon hater or anything but from what I've read I don't think Tesla will pull things together.

This move up is amazing

It looks to me like people have completely bought in to Musks production claims even though he's missed repeatedly. That has likely caused the shorts to get squeezed

I'm shorting the 380/390 call spread for July

I actually think this move has little to do with the fundamentals, go around the market and take a look at how the most heavily shorted names have done over the past week to month. Take a look at Restoration Hardware RH which actually missed on revenue lol.

Maybe its just me but aren't there easier ways to make money than trying to short Tesla and continually getting your face ripped off? By the time (if ever) you are right it won't make up for all the times you were wrong.

It's a combination. Widespread items of fake news ("Musk producing 5000/week by the end of June", "Fully self driving coming to Tesla in August"), millions of retails that read/know nothing but headlines and see this as incredibly bullish, an up market making multi month highs ripping all the crap as you say, a couple of analyst pumps, and a lot of very dumb shorts who'd maxed out short interest in the 260s-280s at high risk and are now compounding the mistake by covering.
It's definitely just you. Strange that you didn't post this when Tesla went from $380 to $260? Of course, I'd expect a technical analyst to be heavily confirmation biased.

But yeah, in general shorting Tesla isn't a great idea except in specific spots. Right now is certainly one of those spots. The fundamentals are horrible and a reckoning is incoming. Others think bankruptcy in a few months, I don't think that fast, but things are going to get ugly in the coming months when their cash hits $0, and put some sanity back into the valuation. Beyond that, their large capital cutbacks to save cash, including throttling the M3 $10K goal, and the fact that no one will lend to them any more make the future bleak.

These are worth about $45m today and looks like they are taking a decent portion off but still keeping some. Will have to wait for open interest tomorrow to know for sure. Not a bad payout for 5 weeks.

The way to make money of off TSLA has been to short volatility. It has high vol and has traded well within its range most of the time. The other way has been price extremes. Up at the highs is a golden opportunity imo. At the lows musk will tweet a rally until he can't do that anymore. Where we are right now isn't at the highs but its moved a lot in a short amount of time. A slight pull back or stall in the rally will allow me to take a buck or more out pretty quickly. If it keeps rallying I can sell a put spread if I get uncomfortable. It's a high probability trade and if you define your risk, stay small enough, and hedge, you won't get your face ripped off

I agree that the people trying to time a move down to 200 or lower are in a nightmare. Many will be losers even if they're eventually right

Tesla just cut 9% of its workforce and reduced new job hires by 30%.

Strange activity for a ramping company. Stock tanking off highs on the news

TS you my friend are hilarious.

Stock is going to $150 by July 2018!

In hindsight, ridiculing people who shorted at 260-280 in early 2018.

Explains the large amount of pumping with FSD fake promise, tesla rockets etc


Imagine announcing this at 280.

Tesla "ditching" home depot as partner

No, you're just stupid.
There's no hindsight. I sold puts at $260 and told people several times the bias was bullish. The posts are in this thread recently (see here). I understand you might have taken a break from this thread as Tesla did horribly, all of my views came true and all of yours failed, and you had egg on your face (I particularly enjoyed the side you took on autonomous driving - oops!), and not read them.

I argued even more strongly in private chat at the time that people were making a "big mistake" getting short at $260 and that the bias was bullish.

So yes, there's nothing wrong with me calling shorting at $260 "very stupid", because it was, especially if you were going to cover in the 300s and not hold. If you have a long time frame then it's not stupid...I'm specifically saying the shorts shorting at $260-$280 that ran up the short interest, who then covered on a (probable) pop. Just dumb trading.

I may be out by a few months on my long term timeline two years ago, but Tesla is circling the drain here. It's going to be ugly in the next few months.

Pretty much. He's desperate. Above $300 combined with firings you can do stock vestings with the 9% laid off employees (who they're giving generous stock bonuses to) for an extra dilution/cash

Man so fraudulent

Opened a short position at $342, my first TSLA investment. Good news for anyone long.

Yeah they're basically winding down SCTY. This was even before the Chinese news. It was always a fraudulent bailout for Musk and his pals for company about to go bankrupt. He talked about the future of solar roofs and the solar synergies - we saw how that worked out.

As usual, Musk spins it as a positive:

Breaking News! - Musk admits that at some point Tesla needs to make a profit to survive.

You're not really in the position to mock other predictions when you're no skin in the game imo.

This must then be applicable to TS as well, I assume?

It's applicable to neither. Having any position whatsoever in TSLA is not some prerequisite to post ITT. The notion is absurd.

People disagreeing with TS should just post specific predictions in response to his own. Nobody does that. They just pore over his posts and hope they can quote him in the future and tell him he was wrong this one time at band camp. They never say "I don't think TSLA will be under $150 by July '18, I think it'll be $x and here's why"...

Nobody gives a **** about his actual trading record, income, or net worth. The point of a forum is to proliferate and decipher information. Everything else is just noise. A lot of posters ITT thread are just...noise.

I don't think share price predictions are of high value. I agree with your sentiment, but it shouldn't be limited to share price predictions. Plenty of arguments have been made ITT about why aspects of the bear thesis are wrong.