Cali dem tweets f*ck elon musk after his withdrawal threat
https://www.foxnews.com/tech/califor...es-f-elon-musk

Oh you know her, do you?
Or possibly, your thoughts are falling apart because you are taking it personally.

Must said it was the final straw. What were the previous straws? The enormously generous subsidies from the Californian tax payers? The continuous overlooking of Musk's blatant lies and less than ideal working conditions in the factory?

This is the core behind this nonsense ITT. A bunch of wannabe capitalists.
Some people need the factory to be closed to support their investment thesis. It's not lead by rational thought.

That's a hell off a hot take. The Tesla plant is a very dense work environment. Musk kept producing after he was told to lock down, doubtless infecting the Bay Area more and prolonging the lockdown for millions of people. Here's Tesla doing "social distancing" just as the outbreak was going bad:



This is during a "shelter in place" order where millions were locked in their homes and every non-essential business was shut (low-demand luxury car manufacturing is the definition of "nonessential"). Despite Musk's promises that social distancing would be used, there are videos from the LA Times of Tesla workers during the lock down being sardine packed into buses (which then went off to areas all over the Bay Area and beyond). This infection focal point where thousands are bused in and out each day all around the county, is about as bad as it gets for prolonging the infections and lockdown

Everyone is suffering. Tesla open will make zero difference to the economy, but given Musk's prior calling the virus just the flu, and non-existent efforts at social distancing, it might make a huge difference to efforts to control the infection, such that everyone can get back to work, not just Musk. It's everyone getting back to work that matters, not your favorite fraud hero who's freaking out because his fraud will unravel if they don't start producing again.

Did you mean to say 8/21? That's a long way out, especially for that range. If you're going that far out I prefer lower for the baggers that gives you. Baggers give you more room to be very wrong - you need 20% odds of being right rather than >60% for close to the money. And you get the same return for near term moderate drops.

As mentioned a week ago, I'm not pulling any triggers yet. The market is king for the moment and Tesla will plummet when it starts going down again, but I have no insight into when the market will start going down. I think the despair will set in when lockdowns restart in some areas as infections soar on reopening, and people realize that economic normality is a very long way off. Right now there's pure delusion that we'll have a V shaped recovery.

Musk's meltdown might weigh on Monday but without a weak market it will be short lived (see: his last meltdown). Market/risk on or risk off sentiment will win I think.

A Reddit hot take says Elon is courting Republican buyers with this CA evacuation plan since he's already sold Tesla's to every liberal that would want one. Seems extremely far fetched since he's stated on Twitter: "I am not a conservative. Am registered independent and politically moderate."

Could someone explain to me who Musk's base is? It doesn't appear to be dems or conservatives. I get Trump can say ridiculous things because his base rushes to his defense, but Elon is looking like a pinata here taking it from all sides. Honestly curious?

Musk is a narcissist, it's all about Musk and what's best for him. Political orientations are for people who care on some level about justice and humanity. Musk cares about Musk. Pretty simple.

Of course he states he's not a conservative, even if he was a big one. He sells fake environmentally friendly sports cars in left wing states. Being a conservative would invite lower sales, boycotts, Twitter hate, loss of billion dollar handouts from left wing governors and mayors. The left in America is severely mentally ill and so deranged/religious/certain they're correct/fundamentalist they can't tolerate other opinions, and the only way to deal with mentally ill fundamentalists if you're in a business relying on public perception is to tell them soothing things so they don't attack you like a crazy person.

That's all that's going on here. Musk will go anywhere that gives him public money and adulation. He's taken the blue states for a ride ($700 million for his NY factory for example, which sat idle) and defrauded them for billions, why not go after the red states next?

Rogan latest podcast with musk was horrible to listen to. Hopefully he was super tired from his son birth. Even TS cannot exagerate what a train wreck past 2 weeks have been.

Honesty I think he’s under immense stress from his fraud almost unravelling with corona lockdown. If everything was good at his company and he really had $7 billion in the bank, why all the angst and bad PR he’s generating? He’s exhibiting extreme desperate anxiety about the factory shut. Why? He gave similar signs before when his company was in deep trouble.. He’s been a father five times, no reason this should cause anguish except for the ultra weird druggie girlfriend

Tesla charts starting to look a lot like tilray

All this fuss is to open... one week early? Pretty bizarre. Either it's 420d chess and he's appealing to conservatives bc liberal Cali market is tapped out or it's 0d chess and the company has serious liquidity issues and they can't afford to keep fremont closed one more week. Iirc his fascist rant on the earnings call came as part of the non-response to the question of how much cash they had at the end of April.

Both sides are hypocrites imo. Bulls pretend to care about getting people back to work when all they really care about is stonk price, and bears pretend to care about the health and safety of workers when they too care mostly about stonk price.

Also if anybody isn't yet convinced it's a cult, read through the replies to his tweets from the last day or so. "What can we do to help, Elon?" "Sign this petition everyone!" Etc

Elon fanboys who were all about green energy are turning into full on trumptard covid truthers and insane Qanon ppl are defending Elon... What a world

Rogan said musk came directly from hospital to the podcast.
Sadly the podcast was only one of the multiple wtf moments anyway.

I was thinking 8/21 because it covers next earnings which should be incredibly interesting. But after thinking of the points you raise I think 6/19 500-550 range may be what I end up doing.

Ah 8/21 is the 21st of August, not August 2021. Yeah I don't mind that. I like longer (3 months) rather than shorter.

It's a decent multibet, economic covid impact or return to lockdowns as cases soar on open (pulling the whole market down and heavily market linked Tesla with it), horrible Q2 earnings or reopening demand, supply chain disruptions impacting production, fraud being discovered (frauds nearly all come undone only in recessions), further Musk flipouts in the short term for a quick profit, market overbought in the short term.

I'm personally not pulling any triggers yet. Plan is to jump on when the market is obviously turning or when there's obvious Tesla bad news that could weigh. That strategy has served me pretty well.

I remember reading something about how TSLA must continue production/meet certain production number or else the whole thing will come down like house of cards. Anyone here have link to articles?

Reported 3635 model 3 deliveries in China in April, yikes if true

Not only will a health official in California be blamed for it, the Tesla cultists will believe and spread the idea too.

The China sales make this worth taking Larry Legend's August puts here with Tesla at $797. I'd go for the $500 strike at $22 (as of Friday, maybe $25 now once the market opens in 30 minutes).

It becomes an even nicer bet now, especially with the weekend news of continued forced factory shutdown. Market might even help a little too.

It's not a "no brainer" like my put recommendation at $900 area pre covid was, but it's very nicely +EV, just with a 20-30% chance you won't get paid...no brainers to me are <10% chance you won't get paid.

The fraud Elon Musk is so desperate not to be discovered that he's risking very bad PR. After a week of self destructive panic tweeting about his factory being closed, and threatening to pull Tesla out of California like a toddler, the factory is apparently at full production this morning in violation of the county order and being explicitly told he's not allowed to open up. The local news stations are picking it up:

Parking lot appears full at Tesla after CEO Elon Musk sues over shelter-in-place

There's a shocker.

Would you do this if you had $7 billion cash on hand, as they claim?

I guess my question is - did PWC just completely botch their audit, or has TSLA successfully hid whatever it is from them? It's hard to imagine things are as TSLA claims, but unless PWC ****ed up/TSLA snowed them ..

Big corporate audits are a joke because their end goal is to retain the customer

I get that, but do you think PWC is going to risk their reputation if it comes out they misrepresented the audit or didn't catch what TSLA was doing?

Not saying it's not possible - I'd be much more likely to believe it if it was some rando accounting firm. I would be surprised if PWC decides they're going to risk their reputation on someone as unstable as Musk.

It would be incorrect to assume their reputation is on the line. Or that there is any substantial risk of them getting in trouble if they were to miss fraud along the way.