TSLA showing cracks? - Page 483 - Business, Finances and Investing Forum

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TSLA showing cracks?

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04-29-2020 , 12:06 AM

#12051

snowie963

banned

Join Date: Sep 2019 Posts: 1,484

Quote:

Originally Posted by Morishita System

Musk also apparently borrowed against his shares to buy more TSLA shares. I can now guess who keeps mass buying single shares above the ask in the after hours.

We also learned that SpaceX purchased 700k worth of TSLA parts. Exactly how many cars did SpaceX buy from TSLA?

How many employees/total family members of those employees does Spacex have? Take that number and multiply by 1.

Quote

04-29-2020 , 12:08 AM

#12052

djevans

Pooh-Bah

Join Date: Apr 2009 Posts: 5,105

Quote:

Originally Posted by Morishita System

Yes. It's crazy.
How screwed up does your company have to be that you can't even obtain D&O insurance?

On top of which, they apparently pay $13.5m annually to PwC for the audit....

Where are you getting this information?

Quote

04-29-2020 , 03:51 AM

#12053

Morishita System

old hand

Join Date: Jan 2011 Posts: 1,391

Quote:

Originally Posted by djevans

Where are you getting this information?

The 10-K filed earlier today. Probably he filed it now so that people forget about it and focus on earnings while fulfilling all disclosures necessary to initiate another cap raise shortly after earnings.

Quote

04-29-2020 , 08:24 AM

#12054

Xkf

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 30,166

He mad on Twitter

Quote

04-29-2020 , 08:41 AM

#12055

syndr0me

old hand

Join Date: Dec 2006 Posts: 1,682

Quote:

Originally Posted by Morishita System

Amended 10-K

Also, and I don't mean to come off as attacking, but $13.5m for an audit of Tesla's size is by no means out of the ordinary.

Quote

04-29-2020 , 11:21 AM

#12056

djevans

Pooh-Bah

Join Date: Apr 2009 Posts: 5,105

Quote:

Originally Posted by :::grimReaper:::

Each to their own, but $9 with 3 weeks to go is not enough me excited about this trade. Way too much upside outlier risk if you're not interested in a long term short.

Sounds like you're only interested in buying at $400. If so, why not just sell that put? I'd either sell after a couple of down days to get more premium (if there are no down days, then you weren't getting much premium anyway), or step up to $500, or sell June's $400, or sell a higher May strike and roll into $400 June for a credit if there's a selloff.

This is the great thing about selling options. You can close them early - especially a 30% gain in 2 days - selling premium is great in these kinds of markets. No reason to get greedy - even if you think the stock isn't going to hit the target - plus I can free up some margin so I can make other trades since this strangle uses up a lot of margin.

Last edited by djevans; 04-29-2020 at 11:29 AM.

Quote

04-29-2020 , 02:15 PM

#12057

juan valdez

Pooh-Bah

Join Date: Jan 2009 Posts: 5,686

Quote:

Originally Posted by djevans

My TSLA strangle was up 30% in 2 days and the vix is cheap so I just closed it. Figured i'd take the $300 instead of sweating it out til may 15 and possibly open up another strangle when the vix is higher.

This is the great thing about selling options. You can close them early - especially a 30% gain in 2 days - selling premium is great in these kinds of markets. No reason to get greedy - even if you think the stock isn't going to hit the target - plus I can free up some margin so I can make other trades since this strangle uses up a lot of margin.

I like your play from start to finish as long as it isn't too big of a trade for your account size and you're able to withstand some heat. Getting out with a nice profit and not sweating earnings is the way to go IMO

Also TSLA is it's own animal. Pay attention to it's IV relative to itself. With any underlying really. You should be on a platform that provides that for you. IV in TSLA is always going to be high. IVR (rank) looks at how the IV compares over the previous year. Selling high allows you to go wider with your strikes and also provides room for a nice contraction like you experienced. Nicely done

Quote

04-29-2020 , 03:11 PM

#12058

djevans

Pooh-Bah

Join Date: Apr 2009 Posts: 5,105

Quote:

Originally Posted by juan valdez

I use ThinkorSwim - it provides all that - even though I don't trade much on the platform - I still use it for charting and analysis.

Quote

04-29-2020 , 03:43 PM

#12059

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,343

Quote:

Originally Posted by Xkf

He mad on Twitter

trying to merge with Trump even more now

Quote

04-29-2020 , 03:56 PM

#12060

syndr0me

old hand

Join Date: Dec 2006 Posts: 1,682

Joint statement from Bay Area counties extend shelter in place to 5/31, no production at Fremont until June.

Obv this is very bullish

Quote

04-29-2020 , 04:12 PM

#12061

solid first post

centurion

Join Date: Dec 2013 Posts: 149

So much volatility right after close.

Quote

04-29-2020 , 04:21 PM

#12062

solid first post

centurion

Join Date: Dec 2013 Posts: 149

Looks like Musk is getting his bonus sooner than later.

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04-29-2020 , 04:26 PM

#12063

Xkf

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 30,166

greeeen baby just after 4:20

thankful for the last minute shitcalls

Quote

04-29-2020 , 04:44 PM

#12064

de captain

Pooh-Bah

Join Date: Mar 2008 Posts: 5,514

They must have been paid handsomely for those cpap machines. ventilators.

Quote

04-29-2020 , 04:44 PM

#12065

Morishita System

old hand

Join Date: Jan 2011 Posts: 1,391

These numbers are outright fraud.

12.5% decrease in OpEx despite opening up Shanghai and spending on Berlin. How is that even physically possible?

Cash jumps from 6b to 8b but interest income is flat QoQ?!!! Why have 4b in payables when you have 8b in cash? How the heck do they still have 1.28b in AR?

But for the 354m in regulatory credit sales, TSLA would show a quarterly loss of 340m.

It is precisely this nonsense why I short near term puts and buy LEAPS with the proceeds.

Quote

04-29-2020 , 05:19 PM

#12066

Morishita System

old hand

Join Date: Jan 2011 Posts: 1,391

On top of which, Tesla stopped paying rent for Fremont in April despite having 8b in cash.

This earnings report isn't even the haha creative accounting of past Qs or in which reasonable people can disagree with how things are accounted; it's just completely made up in your face blatant fraud. Incredibly brazen.

Quote

04-29-2020 , 05:23 PM

#12067

Xkf

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 30,166

AR just as high as previous quarters which was previously explained by eoq push

Quote

04-29-2020 , 05:30 PM

#12068

Kelhus100

banned

Join Date: Mar 2020 Posts: 2,504

Quote:

Originally Posted by Shuffle

No position but I'm loving this. Hopefully it's up 20% tomorrow. Been waiting for $900 to buy deep OTM puts.

How far? 600?

Quote

04-29-2020 , 05:34 PM

#12069

syndr0me

old hand

Join Date: Dec 2006 Posts: 1,682

$4.5b in inventory is pretty amazing

Quote

04-30-2020 , 01:47 AM

#12070

despacito

old hand

Join Date: Nov 2018 Posts: 1,369

Quote:

Originally Posted by Morishita System

We also learned that SpaceX purchased 700k worth of TSLA parts. Exactly how many cars did SpaceX buy from TSLA?

Musk's companies are separate entities for legal and accounting purposes, but in his mind and for practical purposes all of his companies** are part of one vertically integrated plan, so it really shouldn't come as a surprise when they deal with each other expediently. +EV for both Tesla and SpaceX too. ** including Tesla, SpaceX, Boring Co, Neuralink.

Quote:

Originally Posted by syndr0me

$4.5b in inventory fleet of robotaxis is pretty amazing

Last edited by despacito; 04-30-2020 at 02:00 AM.

Quote

04-30-2020 , 05:06 AM

#12071

BooLoo

adept

Join Date: Oct 2013 Posts: 945

so elon said there's no robotaxi network this year but we could see it next year.

well, that's unexpected...

hope you're all fixing that in your dcf models.

Quote

04-30-2020 , 05:46 AM

#12072

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,343

Quote:

Originally Posted by BooLoo

so elon said there's no robotaxi network this year but we could see it next year.

well, that's unexpected...

hope you're all fixing that in your dcf models.

There won't be any autonomous robotaxis in normal traffic in the next 5 years at least.

Quote

04-30-2020 , 07:06 AM

#12073

bbfg

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 12,264

So is the conference call worth listening for entertainment or not?

Quote

04-30-2020 , 08:22 AM

#12074

de captain

Pooh-Bah

Join Date: Mar 2008 Posts: 5,514

Quote:

Originally Posted by BooLoo

so elon said there's no robotaxi network this year but we could see it next year.

well, that's unexpected...

hope you're all fixing that in your dcf models.

Despacito,

This can't possibly be true, right??

Quote

04-30-2020 , 08:26 AM

#12075

syndr0me

old hand

Join Date: Dec 2006 Posts: 1,682

im sure there is some accounting rules that let you not have the China factory on the books for debt and PPE, but there is no way that operating expenses can be kept off, yet they declined QoQ

Quote

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