added to my short at 970

why would you short when the fed is full steam ahead in this market? Just buy. It could work out for you, just seems horrible.

I would sell way out of the money calls if I were you that expire in a week.

You can get like $5 for selling an $1100 call that expire this week. I'm not doing it, but if I was gonna short - that is how I would short this stock.

Or you could sell a credit call spread like 1100/1120 which pays $1. Way less risky than just shorting the stock.

These all expire june 19th and have a very low chance of hitting.

Fair points on the options side. My sell was before the fed announced they're buying more trash yesterday. Bad timing.

I hadn't checked the price of a new model S in a while. Just looked it up now. $75k with dual motors, 402 mile range, 3.7sec 0-60, and basic autopilot included. And the supercharger network is very solid and continues to grow at a reasonable pace.

That's pretty massive improvement from my 2013 model S that is rear wheel drive, 265 miles range (closer to 245 now), 5.4 sec 0-60, no autopilot of any type. I bought mine used so I'm not sure how much it cost new, but I think it was $90k+ new.

With that range and the number of superchargers, the difference between a gas road trip and electric is really starting to shrink. The price difference is starting to shrink as well.

I can't wait to hang out at a gas station in Barstow, CA for 75 minutes while my car charges

That's my point. With this combination of range and superchargers, long stops like that will almost never be needed for road trips under 500 miles.

you shouldn't be driving over 400 miles in a day without your real car, it would be your own fault if you got stuck in Barstow with the Tesla for 75 minutes. The Tesla is like a boat, use it on weekends.

So we should update the old saying? If it flies, floats, or ****s (or uses an electric motor) lease it.

If a car is operating properly then driving more than 400 miles in a day will not harm it. At all. The only reason you shouldn't drive a car more than 400 miles ina day is if it's a pos. You realize cars are made to drive right?

so are boats, but most of the time they will just sit in storage.

You think a 200 billion dollar valuation is justified by selling mothballs?

Logically, the range limit shouldn’t matter much. Especially if you plan ahead.

Emotionally, having such a limitation,combined with other small inconveniences, is a strong deterrent preventing many from buying their first EV.

People like the idea of freedom- being able to do whatever they want even if they probably never will.

EV range is a huge deal.

Yes, but I would think easy availability and speed of charging is even more so.

They all matter.

With current market tech, it’s still more convenient to pump gas.

In 10 years almost all charging stations will be worthless since you’ll be able to fully charge overnight at home for 1000 miles. Like a cell phone now. EV trucks etc will need the stations though.

Each step towards that will open the floodgates of mass adoption.

with the public collapse of wirecard who had some of the same outspoken critics as tesla (e.g. chanos, muddy waters) it's going to be interesting to see, if tesla shareholders will now demand answers to some of the questions the critics are asking.

lol, who am i kidding?

stonks always go up!

Yeah every fraud ever has been exposed from either journalism/whistleblower, hostile takeover or the cash running out combined with easy credit no longer available. 90+% of the time it's credit drying up from a recession/credit crunch that exposes the fraud.

I think they're going to have profitable q2

-Delivery estimates are trending to low 80k which isn't terrible
-churning out lol fsd updates and can recognize some of that $$
-canceled employee performance bonuses until July
-amended deal with Panasonic backdated to April 1

Basically cutting costs everywhere possible. Model Y is uhh not going well but they have enough fanboi backlog to sell what they make in q2 and they will say "we will sell this many going forward" so demand issue doesn't show up until q3.

Edit: profit in the same way q1 was a profit, like a few mil over 0

Also and maybe above all else Elon doesn't want to "lose" to coronavirus

Shareholder meeting pushed back due to... Covid? Also battery day postponed again, no dates

A few million is nothing to sneeze at. Sure his company may get some pity investors because the CEO is how you say, an imbecile, but he's making progress. It says a lot about America and opportunity when a guy like Elon can have so much success despite so many obviously major disadvantages in life.

Battery day pushed out to September, along with the shareholder meeting. I guess he figures a pump isn't needed right now with Tesla at $1000?

A guy like Elon doesn't get to where he is without being scrupulous about when to use his pumps. Smart to keep one in the back pocket for a rainy day.

Is the 80k for real? Which markets? 80k would be very good given the situation.

https://twitter.com/markbspiegel/sta...624610304?s=20

yeah i agree 80k would be good. yoy decline but the narrative will be "80k in the time of covid is good" (and i agree). i'm seeing estimates anywhere from 70k to 95k. something like:
- 30k China
- 10k Europe
- 35k NA
- 5k other

they are really pushing deliveries of model Ys and there are apparently lots of quality issues -- many reports of people rejecting delivery due to panel gaps and paint issues. just checked the model Y subreddit and someone said they ordered on monday and are taking delivery this friday (!), so either the backlog is gone and/or they are trying to deliver rejected cars to other customers before eoq.

i also think they recognize enough FSD revenue to show profit with the claim that stop light recognition is a huge milestone.

i'm a permabear obv but i think q3 has more cracks than q2 due to model Y quality issues + drained backlog and EU competition and even China competition. they will never reduce guidance lol which means they have to deliver like 140k cars in q3 and 180k in q4. my guess is the earnings call focus is like 70% cybertruck, 20% semi, 10% other (battery day downplayed because it's not a real thing). oh and elon will declare victory over covid.