O/U when the factory will close and he cries about potential bankruptcy on twitter? I say Friday.

Yeah I can't imagine this lasting long. The blowback will be intense. I guess he wants to keep it open until end of quarter to desperately try and keep the stock up and stave off bankruptcy (do you have any doubts now that he'd commit fraud on numbers or profitability to pump the stock?).

What a complete piece of trash Musk is, and anyone who's a fan of him. It's not like there wasn't a mountain of evidence already that he's a sociopathic piece of trash.

Funding secured.

Hit my 420 puts lmao. Made a bundle off this drop. Shout out to Kelvis and TheMVP. Think I bought them around close to 800.

A factory is not the same as a school or a bar. People at the factory are not socializing. The factory is big and ventilated. There are a lot of stations and most people are spread out. They can keep an even greater distance than usual. The workers can wear masks, gloves, and eye gear in the factory. The workers want to go to work so that they can get paid. Opening the factory is good for the workers. The added risk is minimal.

Thanks for being the voice of reason, but I think your assumptions are a little optimistic. There are many more people than isolated line workers involved in a factory/headquarters. 10,000 people from everywhere coming together in one place coming together every single day during a county-wide lockdown where people can't leave their house or run their business is unconscionable and a big infection spread risk. They eat, they go to bathrooms, they change shifts x thousands/days sharing a workspace with its hidden spittle and nose wipes, they socialize (some won't take it seriously thanks to total moron Elon saying it's nothing). It's a big infection hub and there is zero good reason to keep open a car factory that produces nothing needed while increasing risk.

I try to hold back the conspiracy theorist inside me, but what other reason could their be for why Tesla is the exception?

I think every day matters for Tesla. Closing down for any amount of time risks putting them under.

You can the same the thing about thousands of small businesses around the country.

Is bankruptcy actually on the table again? I have no idea how to model their cash position going forward.

Won't Elon just manage to get at the front of the line for bailout handouts as well?

Pinkmann,
It comes down to a few things.

1. Can they raise? I don't know the answer to that. With the factory shut and in this environment it might be tough. With it open, maybe. Will they raise?

2. Are their financials accurate? If this dude will risk negative exposure to bribe/blackmail people to keep his factory open in a pandemic lockdown, probably not

The interesting thing is that I assume much of their revenue is end-of-quarter loaded. What do their financials look like? For that matter, why keep producing and burning cash when worldwide demand is near dead with Europe going into lockdown? The only reason can be so the end of quarter doesn't look awful and tank the stock, and they can keep shipping parts to China to pump there.

Overall I would play it as if bankruptcy isn't on the table.

you think it's possible they are allowed to stay open because they are pushing bankrupcty as the only alternative?

not for real necessarily, but i could see local officials worried about allowing 10k people going out of work in the event they believe this will just blow over in a month

i don't think bankruptcy is on the table unless they were massively lying about cash. it's probably lower than what was reported but not egregiously lower + they just cashed in like 2 bil or whatever when stock was 750.

i think we take another chunk down by end of april with some combo of possible factory closing + q1 deliveries + q1 earnings. looking to close out all remaining puts sometime in this timeframe.

fwiw skimming tmc and teslainvestorsclub the bulls have not capitulated, and i guess it's possible they never will. lots of people pumped to buy at $420 today. idk how they still have tons of dry powder? thought they'd be all in $tsla by now but i guess they're just stupid wealthy.

Well I meant in the next year+, obviously its not on the table now unless a few billion is missing, but this could lead to an extended period of time with their sales being in the toilet.

Bids are returning for low strike puts fwiw.


Also, I'm surprised there is no mention of selling calls/call spreads at this point. The monthlies expiring in 3 days sell for quite a bit.

There's still gonna be people that say it's a great time to buy @ 1$.00

to be fair, I don't see how you wouldn't be down to buy for $1

remember in 2008 begging my parents to buy the banks trading for <$5 after tarp money issued - they still thought there would be more collapsing - wouldn't listen to the "too big to fail" and meanwhile at that age all my spare change was going into 8balls, 8ths, liters and cases.

Vegas is going to have some amazing bargains. Some travel stuff too. Patience is what's needed imo. Tesla might even be worth buying at $20.

Thesis fully, completely, comically annihilated:

The Tesla bulls from this thread have literally disappeared.

The level of twitter mob group think in this thread is spiking, which is a leading indicator for me to turn bullish again (not yet though).

I take it back; Alameda county ain't full of bitches after all.



Good luck catching this knife off a broken parabola.

Although yes, I agree that there is one face ripping bear market rally left to 500 or 600 before the end. Probably either after Q3 earnings are negated at 250 or off previous ATH ceiling of 380s.

ill long tsla when its at 350 again, that is my entry point