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Tesla is off the rails
Old 07-10-2020, 01:32 PM   #1
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Tesla is off the rails

As I type the stock is going up $10 a minute. Currently at $1540, a gain of 10% just today.

Pretty soon it will be worth more than all the other car companies combined.
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Old 07-10-2020, 01:36 PM   #2
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Originally Posted by Fermion View Post
As I type the stock is going up $10 a minute. Currently at $1540, a gain of 10% just today.

Pretty soon it will be worth more than all the other car companies combined.
Chase it, chase it, its getting away... This isn't going to end well.
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Old 07-10-2020, 01:39 PM   #3
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Chase it, chase it, its getting away... This isn't going to end well.
Yeah...but when the Cybertruck came out I made a joke that I would invest the price of the truck in Tesla stock and use the profits to buy the truck when it was released...I did not know that it would have been enough to buy TWO cybertrucks
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Old 07-10-2020, 01:51 PM   #4
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Chase it, chase it, its getting away... This isn't going to end well.
A reported twenty billion in shorts, it doesn't end well for someone.
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Old 07-10-2020, 01:55 PM   #5
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File a petition to change Tesla's stock symbol from TSLA to TLB (Tulip Bulb).
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Old 07-10-2020, 02:07 PM   #6
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File a petition to change Tesla's stock symbol from TSLA to TLB (Tulip Bulb).
Good analogy... I think people are in for a "shocking" experience
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Old 07-10-2020, 02:12 PM   #7
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A pretty rich valuation for a company with $2-3b in annual operating cash flows and $7b in shareholders' equity. Someone is in for a big disappointment.
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Old 07-10-2020, 02:27 PM   #8
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A pretty rich valuation for a company with $2-3b in annual operating cash flows and $7b in shareholders' equity. Someone is in for a big disappointment.
These showed up on the Tesla website last week: https://shop.tesla.com/product/tesla-short-shorts

Causing many internet rumors claim 2Q2020 earnings will put them into the S$P.
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Old 07-10-2020, 02:57 PM   #9
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15 min TSLA chart:
Attached Images
File Type: png Screenshot at 2020-07-10 16-55-03.png (79.1 KB, 100 views)
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Old 07-10-2020, 03:23 PM   #10
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I'm an index fund guy so I don't have a dog in this fight, but that sure looks like the build-up to September 1929....
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Old 07-10-2020, 04:05 PM   #11
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If you want to see Tesla stock drop like a rock, about ten minutes after I place an order for 200 shares, it will immediately drop back to $250/share.
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Old 07-10-2020, 04:24 PM   #12
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ARK Investments still has their $7000 price target out there, which they went on record with well before the stock took off.

https://ark-invest.com/analyst-resea...-price-target/
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Old 07-10-2020, 04:59 PM   #13
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This kind of thing comes along from time to time. Examples include JDS Uniphase, Enron, WorldCom, Cisco, MySpace, and Amazon. You never know until everything becomes clear in the rear-view mirror.
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Old 07-10-2020, 05:03 PM   #14
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This kind of thing comes along from time to time. Examples include JDS Uniphase, Enron, WorldCom, Cisco, MySpace, and Amazon. You never know until everything becomes clear in the rear-view mirror.
Amazon is still at it, Cisco is too, but the others you mention are dead and buried.
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Old 07-10-2020, 05:24 PM   #15
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Amazon is still at it, Cisco is too, but the others you mention are dead and buried.
My point exactly, though Cisco's tech bubble speculators suffered mightily, it did survive.
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Old 07-10-2020, 05:44 PM   #16
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The Mother of all Short Squeezes?
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Old 07-10-2020, 05:46 PM   #17
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This kind of thing comes along from time to time. Examples include JDS Uniphase, Enron, WorldCom, Cisco, MySpace, and Amazon. You never know until everything becomes clear in the rear-view mirror.
I've been hearing this conversation on this forum for quite a while about Tesla. Yet nobody every admits they were wrong.

One can consult the old Tesla thread to see who said what.
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Old 07-10-2020, 06:22 PM   #18
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I've been hearing this conversation on this forum for quite a while about Tesla. Yet nobody every admits they were wrong.

One can consult the old Tesla thread to see who said what.
You can be right and still be wrong in the stock market game.
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Old shooter......Amazon?
Old 07-10-2020, 06:26 PM   #19
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Old shooter......Amazon?

Two questions:

What do you mean by ďthis kind of thingĒ? And why do you include Amazon on a list of companies that have for the most part crashed and burned?

Observation about Tesla: Seemingly lots of problems. The Stanphyl Capital letter to investors from June has a compelling list of reasons for its short position. But in my opinion, the CIO ignores a simple and obvious high probability aspect of our future. Y over Y for the next 50 years, electric cars as a percentage of total cars is gonna go up. In a post combustion engine world (20 to 30 years?) unless your thesis is Tesla is going out of business, Iíd rather be long than short. And I also wouldnít be afraid to enter even now.

(Note, I donít own any TSLA.)
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Tesla is off the rails
Old 07-10-2020, 07:41 PM   #20
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Tesla is off the rails

I bought about 12 shares sub $600.

My SO said the stock makes you feel brilliant and like an idiot at the same time (should have got more).

Iím going to let it ride, see where it ends up. Itís not like Iíll be able to retire now if I sell it.
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