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I'd expand that to say that when you have a difference of opinion on the fair value of an option, that difference is typically a difference in views on it's volatility, not absolute price. The price is simply a mechanical end result of the volatility. This is why BS has value because allows...

As I pointed out earlier in the thread, holding to maturity or selling and buying a new higher coupon bond with the proceeds in a rising rate environment will leave you with exactly the same amount of money at the end of the day. A quick Google on the concept of net present value may be...

You've got a big mumble jumble of ideas up there, you've basically managed to conflate at least 3 and maybe 4 entirely separate and distinct economic concepts into one grand string theory. Maybe a Nobel in physics/economics is in your future!

Not selective reading, just an understanding of economics. If there are production facilities for X MWH of batteries/year in the world and demand goes to X+a billion, then the guys who make batteries benefit, regardless of if the marginal buyer buys from you. Like I said, Tesla might not be...

So first, China doesn't have a choice to stop buying treasuries as long as they peg their currency and have a trade imbalance. It's a mechanical result of the cash flows, again basic macro. And I think you're conflating national debt and monetary policy (and where local governments get the money...

If Telsa is building battery plants, doesn't demand for batteries benefit them? Especially when you've got a VW guy quoted as saying "Manufacturing the powerpacks themselves is not in the cards. “This is not one of our core competencies,” said Mueller, who has faced pressure from employee...

It does do a good job of providing a standard implied volatility though. Something that's always useful if you're an options trader.

You may want to review that section in your econ course that covers how "the government prints money". It doesn't work anything like you appear to think it works.

Just to clarify, you get the tax benefit from moving, not from setting up a C-corp, and you have to live in the state to get the tax free benefit, not just have a C-corp there. You'll generally get no benefit from setting up a C-corp and you will face double taxation so there's generally a loss...

That's an interesting thing to say given that, as the cited article pointed out, "institutions in the United States dominate rankings of the best colleges in the world." Must be that it flips and conservatives run education when we get to the college level?

This is really a play on politics more than anything else. More countries accept that climate change is something they should do something about, the bigger the sector gets. Anti-science types take over, it shrinks. Makes it very difficult to analyze, because while there are solid fundamentals...

You're right, I think it's called defamation for a company. Although at this point Elon could sue for libel. Neither is at all likely, obviously, but the point stands that it's a serious accusation to say that one of the 30 odd lines in a balance sheet is a fabrication, especially when there's...

A significant portion of programming jobs are at startups, and it's exceedingly rare for a startup to use the H1-B process. Even among bigger corporations there are a known number who use/abuse the H1-B and the rest don't. Those in the former category are well known in the industry. So if you...

Just for grins, this kind of thing is endemic in startups... "A new flavor of EBITDA WeWork is reportedly losing $933M annually as it expands its office-sharing and rental empire. But in offering documents for a new loan this week, WeWork announced a new type of earnings measure...

Won. http://fortune.com/2017/11/23/elon-musk-australia-battery-50-million-bet/

I'll have to find that, the European version sounds more interesting to me as an American.

Not assuming that at all. I'm a student of Enron, I happen to work in the energy industry and am fascinated by what happened there. I would also not be at all surprised if the SCTY portion of Tesla fell afoul of many of the same things that hit Enron. I don't disagree with you at all on Tesla...

So Tesla does do GAAP accounting, every public company does. They also publish parallel non-GAAP numbers, as pretty much every tech company has since the .com era. Books have literally been written on how GAAP falls short in reflecting high growth company's finance and how non-GAAP numbers can...

You can go from New Jersey to Miami without ever really leaving the intracoastal, although since I sail I purposely go outside to get some wind and open water. If you have a low enough air draft you can actually go through the Okeechobee Waterway and stay intracoastal all the way to Texas...

Hey, I like you @Pekelo, I'm really just pointing out that you're usually much more professional than this. Certainly you don't need to stoop to that level, you obviously don't think much of Elon's behavior so the last thing you want to do is engage in behavior of the same type. There's plenty...