TSLA showing cracks? - Page 472 - Business, Finances and Investing Forum

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TSLA showing cracks?

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03-19-2020 , 01:41 PM

#11776

syndr0me

old hand

Join Date: Dec 2006 Posts: 1,683

@RMAC18 reporting Tesla workers saying they are still making cars, no ventilators yet

Quote

03-19-2020 , 01:45 PM

#11777

bbfg

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 12,264

Quote:

Originally Posted by coordi

The US has taken fairly extreme measures already. My state is on lockdown, no bars open, restaurants only allowed to do delivery and takeout. Pretty much a curfew in effect. I haven't seen roads this empty in 15 years

I know some places are doing a lot

. I'm saying it has to be close to nation-wide or at least everywhere where the population density is significant.

Quote

03-19-2020 , 02:30 PM

#11778

MrFeelNothin

Pooh-Bah

Join Date: Sep 2004 Posts: 4,457

Literally every time I consider buying calls but don’t because they are too expensive Tesla rallies, lol.

Have some big regrets because I had been out of the name for awhile and then only added a small short position when it went crazy in January. Thought Q1 would actually be strong pre-corona. Added more when things were getting bad but everything happened so quickly.

Oh well.

Still think Q1 might be OK and we know Musk will avoid warning or reducing guidance if possible and the troops seem to be rallying for an EoQ pump so am waiting on the sidelines for now.

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03-19-2020 , 02:38 PM

#11779

Xkf

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 30,166

dude is going all in on "coronavirus not a big deal"

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03-19-2020 , 02:43 PM

#11780

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 24,028

This is basically a short squeeze. They've had like 5 green days in a month. Something had to give eventually. You know things are bad because he's pumping the **** out of the stock. He's quiet when things are good. Supposedly the police are going to speak with Tesla "brass" about the factory being open, but I'm guessing they get to keep acting like business as usual.

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03-19-2020 , 02:44 PM

#11781

MrFeelNothin

Pooh-Bah

Join Date: Sep 2004 Posts: 4,457

Quote:

Originally Posted by Xkf

dude is going all in on "coronavirus not a big deal"

Musk’s one superhuman ability is distorting reality. Looking back we can see how important this skill was to keep the business and story alive at different inflection points over the years.

He has a semblance of a point about the panic potentially being worse than the virus although he is misrepresenting the numbers to support his point.

Ultimately he needs coronavirus to not be a big deal to keep the story alive therefore coronavirus is not a big deal.

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03-19-2020 , 02:47 PM

#11782

fanmail

Carpal \'Tunnel

Join Date: Jun 2005 Posts: 32,698

sold some more, avg short at 440 now

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03-19-2020 , 03:29 PM

#11783

fanmail

Carpal \'Tunnel

Join Date: Jun 2005 Posts: 32,698

meh, covered at 436. think they may pump everything into close and can reestablish higher if so.

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03-19-2020 , 04:27 PM

#11784

djevans

Pooh-Bah

Join Date: Apr 2009 Posts: 5,120

Boeing gonna get a bail out - no way that company fails man, it's way too big espeically where I live in DC.

It is part of our national defense. You're crazy if you think the government is gonna let them go under. We have much bigger problems if BA goes under

TSLA on the other hand

I think TSLA pulls through as well. Too many investors will just loan him cash if he needs it. Not sure the government will bail him out though. He has too many friends in high level places. These people literally have mountains and mountains of cash.

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03-19-2020 , 04:53 PM

#11785

Xkf

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 30,166

Quote

03-19-2020 , 05:19 PM

#11786

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 24,028

We will see come Monday. A lot can happen between then. Also, stocks down under $400 after hours already

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03-19-2020 , 05:20 PM

#11787

MrFeelNothin

Pooh-Bah

Join Date: Sep 2004 Posts: 4,457

Legit surprised they are going to shutdown after all.

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03-19-2020 , 05:21 PM

#11788

de captain

Pooh-Bah

Join Date: Mar 2008 Posts: 5,514

Quote:

Originally Posted by CNBC

Here's why Trump and Elon Musk see potential in a malaria drug called chloroquine to treat coronavirus

Can't let Musk go bankrupt. He's a visionary in the process of saving the world.

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03-19-2020 , 05:27 PM

#11789

Xkf

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 30,166

March 22 at 11:59pm: opening factory to make ventilators

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03-19-2020 , 05:36 PM

#11790

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

Tesla was forced to shut its factory by the sheriff after the sociopath Elon Musk defied total lockdown orders for days in the heavily infected Fremont area so he could push out more cars. The factory was an infection disaster - no spacing, 10,000 workers bused in together from everywhere (and home from everywhere) on packed buses with no protective gear. This is their statement that tries to spin it. Hilariously, they mention liquidity:

Quote:

In the past few days, we
have met with local, state and federal officials.* We have followed and are
continuing to follow all legal directions and safety guidelines with respect
to the operations of our facilities, and have honored the Federal
Government’s direction to continue operating.* Despite taking all known
health precautions, continued operations in certain locations has caused
challenges for our employees, their families and our suppliers.

As such, we have decided to temporarily suspend production at our factory in
Fremont, from end of day March 23, which will allow an orderly shutdown.*
Basic operations will continue in order to support our vehicle and energy
service operations and charging infrastructure, as directed by the local,
state and federal authorities. Our factory in New York will temporarily
suspend production as well, except for those parts and supplies necessary for
service, infrastructure and critical supply chains. Operations of our others
facilities will continue, including Nevada and our service and Supercharging
network.

In many locations, we are in the process of implementing “touchless
deliveries” so customers can continue to take delivery of their vehicle in a
seamless and safe way. Due to the unique over-the-air connectivity of our
vehicles, customers are able to unlock their new cars at a delivery parking
lot via the Tesla App, sign any remaining relevant paperwork that has been
placed in their car, and return that paperwork to an on-site drop-off location
prior to leaving.* This method provides additional convenience and comfort.*

Our cash position at the end of Q4 2019 was $6.3B before our recent $2.3B
capital raise. We believe this level of liquidity is sufficient to
successfully navigate an extended period of uncertainty.*At the end of Q4
2019, we had available credit lines worth approximately $3B including working
capital lines for all regions as well as financing for the expansion of our
Shanghai factory.

Notice they mention end of last quarter cash (not current cash) and include their available equity lines as Chinese lines, which aren't available and are for China.

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03-19-2020 , 05:42 PM

#11791

Sideline

journeyman

Join Date: May 2014 Posts: 224

Nevada Gigafactory also seems a lock to stop production as well and he probably knows that at this point but made it a fact to say its Operations will continue. Gov Sisolak shut down the Casinos, I don't think hes gonna get muscled by anyone to keep Tesla going.

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03-19-2020 , 05:43 PM

#11792

de captain

Pooh-Bah

Join Date: Mar 2008 Posts: 5,514

I liked the "have honored the Federal government's direction to continue operating". It makes it sound as if the Federal gov. told him to keep the doors open. I think what really happened is the Feds have said they're leaving shutdowns , curfews, etc., up to the individual states.

A really nice way of spinning "we defied the law".

Quote

03-19-2020 , 06:46 PM

#11793

Dudd

Carpal \'Tunnel

Join Date: Sep 2004 Posts: 54,239

Quote:

Originally Posted by Shuffle

Coordi, here: Boeing doing the same thing as Musk. Forcing their plant workers to keep working. Why? Because they are going bankrupt and desperately need the cash flow.

https://www.seattletimes.com/busines...box=1584593117

I'd like to buy TSLA bk puts but first I need to determine how long I think they have because the options are expensive. Boeing on the other hand is already in the terminal phase.

Gamestop also sent a memo out instructing their employees to keep working through shutdowns. It's illuminating to see who's doing this

Last edited by Dudd; 03-19-2020 at 06:47 PM. Reason: Maybe illuminating is the wrong word given how obvious it is

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03-20-2020 , 08:03 AM

#11794

Xkf

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 30,166

Green premarket loool fml

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03-20-2020 , 08:11 AM

#11795

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

Yeah, you ran into the mother of all "risk back on" days. This is the mother of all vol crushes. +3% on Tesla is actually highly bearish in this environment, all the crap is ripping +10%.

Once the unwind from extremely overdone vol happens, we probably sell off more.

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03-20-2020 , 09:34 AM

#11796

fanmail

Carpal \'Tunnel

Join Date: Jun 2005 Posts: 32,698

Quote:

Originally Posted by ToothSayer

yep

Quote

03-20-2020 , 11:19 AM

#11797

fanmail

Carpal \'Tunnel

Join Date: Jun 2005 Posts: 32,698

short at 460

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03-20-2020 , 11:32 AM

#11798

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 24,028

Always interesting watching a 100k share buy create ~3 billion in cap

Quote

03-20-2020 , 01:55 PM

#11799

fanmail

Carpal \'Tunnel

Join Date: Jun 2005 Posts: 32,698

covered at 439. might reenter near the close.

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03-20-2020 , 02:14 PM

#11800

Xkf

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 30,166

bought 2 3/27 400p bc i'm a glutton for punishment

but really because cases ramping in US and think we take another hit next week. still in may/june/january puts

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