You know what auditors do? All they say is - The numbers management gave us look to be presented fairly. Management swears they are telling us the truth. They even signed a paper saying so.

I think it's safe to conclude that Elon is somehow behind these slam buying of well OTM weekly calls and premarket rip buys above the ask to force convexity squeezes.

16000 1800 weekly calls slam bought, so I expect the premarket to rip again by 150+ points off of a 1500 share buy above the ask like today.

how do you account for the move into convexity squeezes as a service (CSaaS) in a financial model?
asking for a friend.

they should probably sell or close down their struggling, low-margin car and energy businesses.

Interesting. I am not a trader, but trying to follow what is going on.

Do I understand correctly that the calls are priced at slightly below 4$, meaning the cost of those 16k options were roughly 60k? Is that really enough to influence the market movement? If so, is it fair to conclude that the market does very efficiently?

As an aside, as a rule of thumb how much of actual option volume is generally publicly reported (which I guess is the case if the trade is through an official exchange and not OTC, right)? I am asking since16k does not sound like a particularly large number.

If Elon is buying those calls he can force people with Short options to liquidate.

6m, not $60k as 16k represents 1.6m shares.

Basically Elon is doing a feedback loop as follows:

1) Slam buy a bunch of weekly OTM calls
2) Market makers are forced to buy stock in response to the large weekly call buy to hedge out, and are forced to buy more as the stock goes up.
3) Release positive BS news in the premarket or after market so algos buy the stock up.
4) Buy stock above the ask in the pre market to force the stock to go up.

As I speak, someone just bought 16k 1470 weekly calls and bought 700 shares $50 above the ask in the pre market. There are massive call buys everywhere from 1470 to 2000.

I think this is why he randomly told the SEC to suck his c*ck. He is getting away with it and taunting them while he's doing it.

Wouldn't #1 and 2 reverse with equal selling pressure when market makers unwind when the calls expire worthless? Never go full conspiratard.

Look at today's volume on $2000 calls: 12,400 options x 100 x .014 delta = 17,360 shares for market makers to buy to be delta neutral. With 15 million shares trading a day, that's a total nothing burger.

The 1500 strike alone would require half a million shares.

There is more than just the 2000 strike to account for....

And so would $1300 puts...

Who knows. I would assume the smarter way to do it is from anonymous LLCs funded by laundered cartel money.

guys thats just too much, reality is so much easier and in the same time just as preposterous.. ure not seening the forest because ure in it i reckon

I'm not really buying into the conspiracy theory, just wanted noob to explain why its impossible for a delta neutral position to push up the stock price

They won't even complete level 4 this or next year.

AFAIK, they haven't made any relative progress towards FSD in ****ing ages

They probably made some progress because they do have brilliant engineers but they are dedicating so little resources to FSD there is no way they have moved to even level 4.

If they did move to level 4, we'd know about it because Musk would have shown us a Tesla driving from, for example, his Fremont factory to SF, completely unassisted.

Trying to claim more FSD income.

guidehouse insights has a $4000 report on self driving where tesla didnt make the top 10

https://guidehouseinsights.com/repor...iving-vehicles

never heard of them or if its legit at all, but its still hilarious

Everything I've seen of their autonomous driving engineers (and more importantly their work product) has been embarrassing and incompetent, in ways that would get even a junior software engineering team fired. All of my predictions based on that observation have also been accurate.

Perhaps Musk's stupidity, inability to grasp complexity and micromanaging is the reason for that, I don't know - he has a famous history of being an incompetent boss - but judging the team by the product, they seem to have no idea what they're doing.

One innovation of Tesla that has become a norm of automotive industry:

Ability to disable features of the car via software so you can make car "owners" pay you to enable stuff.

i remember that news story from 2016.

they will be very very close to fsd in 2024, too.

How much of Tesla's current market cap is from the FSD fraud?

- It's provided them maybe a billion dollars in zero-cost revenue from selling vaporware (FSD is on top of "autopilot"), improving their balance sheet and profitability

- It's gotten vast amounts of headline investor and consumer interest dating back to 2015

- It's allowed analysts to come up with absurd price targets pricing Tesla as a "software/FSD" business instead of a car market, and has been factored into analyst price targets and upgrades

- The 2019 "FSD feature complete by end of year" con, right when Tesla was in deep **** with demand death and out of cash/needing $3.7 billion, generated investor, consumer and secondary interest. On the call for the offering Musk spent the entire time hawking 1 million robotaxis in 2020 pulling in 10s of billion of profit for Tesla. Musk claimed that Tesla cars would appreciate "5x" from their purchase price in 2020, making them a no brainer buy if you believe the fraud. It got major headlines. In this thread, multiple people including sane people like Alex Wice and some bears thought he had a non-zero chance of getting there (it was absolute zero).

- It's kept the losers/nerds who want to be part of cult feeling cool.

I'd say it's pretty sure that but for the FSD fraud, Tesla would have bankrupted. Amazing that such an obvious con is the difference between zero and being worth more than Ford, GM and BMW put together. I'm really quite in awe of how well Musk has pulled off this fraud.

up another $100 today just because

I read a theory that a lot of funds are extremely overweight on Tesla to dump for spy listing, but I really just think the narrative is switching to Tesla being the Amazon of the car industry that will be worth a trillion dollars in 4-5 years ( or less )

do we do this again next week? tempted to buy dumb calls monday and just close my eyes all week

Feels like ETH at 1400:

> Let's only pump 10% today, slow and steady wins the race
> I will be X rich when this hits 2k, 5k
> Picked up some more at 1450, couldn't resist

Wild euphoria in ETH meant it had to retrace all the way back to maximum pessimism, creating the 95% fall. Not sure how much this model applies to TSLA, I feel it should be the same, as TSLA will also never pay any dividends.