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07-10-2020, 01:32 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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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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07-10-2020, 01:36 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Posts: 3,082
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 Quote:
Originally Posted by Fermion
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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Chase it, chase it, its getting away... This isn't going to end well.
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07-10-2020, 01:39 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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Quote:
Originally Posted by jim584672
Chase it, chase it, its getting away... This isn't going to end well.
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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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07-10-2020, 01:51 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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Quote:
Originally Posted by jim584672
Chase it, chase it, its getting away... This isn't going to end well.
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A reported twenty billion in shorts, it doesn't end well for someone.
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07-10-2020, 01:55 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Posts: 1,600
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File a petition to change Tesla's stock symbol from TSLA to TLB (Tulip Bulb). 
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07-10-2020, 02:07 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,925
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Quote:
Originally Posted by socca
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 
__________________
20's "something" mind, trapped in a 70's "something" body
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07-10-2020, 02:12 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,340
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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.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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07-10-2020, 02:27 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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Quote:
Originally Posted by pb4uski
A pretty rich valuation for a company with $2-3b in annual operating cash flows and $7b in shareholders' equity. Someone is in for a big disappointment.
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These showed up on the Tesla website last week: https://shop.tesla.com/product/tesla-short-shorts
Causing many internet rumors claim 2Q2020 earnings will put them into the S$P.
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07-10-2020, 02:57 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Posts: 3,082
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15 min TSLA chart:
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07-10-2020, 03:23 PM
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#10
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,339
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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.... 
__________________
When I was a kid I wanted to be older. This is not what I expected.
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07-10-2020, 04:05 PM
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#11
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,715
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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. 
__________________
*********Go Yankees!*********
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07-10-2020, 04:59 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,349
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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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07-10-2020, 05:03 PM
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#14
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,715
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Quote:
Originally Posted by OldShooter
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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Amazon is still at it, Cisco is too, but the others you mention are dead and buried.
__________________
*********Go Yankees!*********
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07-10-2020, 05:24 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,349
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Quote:
Originally Posted by aja8888
Amazon is still at it, Cisco is too, but the others you mention are dead and buried.
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My point exactly, though Cisco's tech bubble speculators suffered mightily, it did survive.
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07-10-2020, 05:44 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,139
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The Mother of all Short Squeezes?
__________________
Retired since summer 1999.
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07-10-2020, 05:46 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Feb 2016
Location: SoCal
Posts: 1,293
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Quote:
Originally Posted by OldShooter
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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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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07-10-2020, 06:22 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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Quote:
Originally Posted by Mr. Tightwad
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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You can be right and still be wrong in the stock market game.
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07-10-2020, 06:26 PM
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#19
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Dryer sheet aficionado
Join Date: Jul 2017
Posts: 41
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Old shooter......Amazon?
Two questions:
What do you mean by “this kind of thing”? 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, I’d rather be long than short. And I also wouldn’t be afraid to enter even now.
(Note, I don’t own any TSLA.)
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07-10-2020, 07:41 PM
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#20
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Full time employment: Posting here.
Join Date: Jun 2017
Posts: 504
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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).
I’m going to let it ride, see where it ends up. It’s not like I’ll be able to retire now if I sell it.
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