elon sold his stocks to pay the irs, so few years of works for nothing. the irs will not want to refund. lol
Tesla 2024
- Thread starter VicBee
- Start date
elon sold his stocks to pay the irs, so few years of works for nothing. the irs will not want to refund. lol
My second best trade of 2023 was TSLA long when Elon became some kind of media villain.
I was trying to get short TSLA in December but it never quite got to the $270ish area to get filled. I think I was being a little too greedy and the confidence interval on my model was a little too much but I also just didn't get that lucky.
I don't even like Tesla cars but I love this stock. People get so emotionally invested in it for some reason that I just don't and I think that is a huge edge. For my trading style it is an almost perfect instrument and especially here. A real trade I am trying to put on 15-20k a bet and a round lot gets filled like nothing in and out.
I mean you obviously have a negative bias when it comes to TSLA. To say you are unbiased is absurd.
I just play the hand as it is dealt. $154 handle yesterday was worth a bet, the only question is what size. It was not worth a full $15k for me though. Probably 1/3rd of that. I didn't get long today though because today is not yesterday. I need more, I need a drop from this level now to get long.
I was trying to get short TSLA in December but it never quite got to the $270ish area to get filled. I think I was being a little too greedy and the confidence interval on my model was a little too much but I also just didn't get that lucky.
I don't even like Tesla cars but I love this stock. People get so emotionally invested in it for some reason that I just don't and I think that is a huge edge. For my trading style it is an almost perfect instrument and especially here. A real trade I am trying to put on 15-20k a bet and a round lot gets filled like nothing in and out.
I mean you obviously have a negative bias when it comes to TSLA. To say you are unbiased is absurd.
I just play the hand as it is dealt. $154 handle yesterday was worth a bet, the only question is what size. It was not worth a full $15k for me though. Probably 1/3rd of that. I didn't get long today though because today is not yesterday. I need more, I need a drop from this level now to get long.
Huh who? What credible person/entity is saying that?
But why didn't you buy @ $400, $350, $300, $250, $200, $190, $180, $170, $160 so far?
Or have you already like Vic?
Once one buys a stock they have a bias, they obviously believe the price will go higher. Otherwise they would, or at least should, exit.
If you have a long bias ... go long.
But I will continue to post unbiased, based on current reality or as it changes, Tesla facts. And those point to still lower prices getting its PE closer to what its bottom line numbers call for.
Though its your money .. to lose.
How do you determine where you are going to get long and what position size you will use?
What kind of time frame are you trading?
FWIW I'm a swing trader based on price action and haven't seen a reason to be long since mid Feb. (Got stopped out a few day later.)
TSLA is no doubt volatile and that is great for day trading or short term swings.
But the OP is a long only HODL. He claims he sometimes swing trades yet his over-reaction to my reality posts say otherwise. Sorry if you think my posts are biased. I call 'em as I see 'em.
Other than going long last year based on TA there was no real fundamental reason(s) to do so. As now 2024 is bearing out.
Vic only believes in Elon and his seat of the pants opinion. Talk about bias.
The Giradian mimetic rivalry between you and Vic is a hand dealt face up in this thread. I don't think you are understanding though that I am interested in getting long TSLA exactly because you are winning this argument online at this moment.
To invert, shorting TSLA here has a terrible risk/reward. The profit has already been made short.
There is no big winner to be found short. Is TSLA going to $0? Obviously not. Is it going to $100?
The probability TSLA goes to $100 vs $200 at this moment you would obviously handicap with $200 as the fav if setting the odds in a binary bet.
I want to take people's money and if in the process I lose flame wars online so be it. If I was good at sales I would be doing something else.
Scandal must come
I hope you hear those words some day.
To invert, shorting TSLA here has a terrible risk/reward. The profit has already been made short.
There is no big winner to be found short. Is TSLA going to $0? Obviously not. Is it going to $100?
The probability TSLA goes to $100 vs $200 at this moment you would obviously handicap with $200 as the fav if setting the odds in a binary bet.
I want to take people's money and if in the process I lose flame wars online so be it. If I was good at sales I would be doing something else.
Scandal must come
I hope you hear those words some day."The profit has already been made short. There is no big winner to be found short. "The Giradian mimetic rivalry between you and Vic is a hand dealt face up in this thread. I don't think you are understanding though that I am interested in getting long TSLA exactly because you are winning this argument online at this moment.
To invert, shorting TSLA here has a terrible risk/reward. The profit has already been made short.
There is no big winner to be found short. Is TSLA going to $0? Obviously not. Is it going to $100?
The probability TSLA goes to $100 vs $200 at this moment you would obviously handicap with $200 as the fav if setting the odds in a binary bet.
I want to take people's money and if in the process I lose flame wars online so be it. If I was good at sales I would be doing something else.
Scandal must come
So you can see the future, huh?
Does that involve a Giradian mimetic too?
So tell me have you been lurking here for years, prior to joining recently (this topic and the 2023 version I mean) or you just brushed up on a few of my posts and think you understand where I am coming from?
So you are short TSLA at a 154 handle then?
Adam, serpent, Eve...
Adam, serpent, Eve...
"The profit has already been made short. There is no big winner to be found short. "
So you can see the future, huh?
Does that involve a Giradian mimetic too?
So tell me have you been lurking here for years, prior to joining recently (this topic and the 2023 version I mean) or you just brushed up on a few of my posts and think you understand where I am coming from?
No, the irony is SunTrader doesn't trade TSLA at all. And unlike his assertion, I have no love for Elon Musk and have called for his removal as CEO more than once.
SunTrader must have held shares in the traditional automakers, back when our arguments revolved around how Tesla wasn't going to make 2M cars by 2025.
I recognize that Tesla is in a major storm today. The layoffs and departure of key senior management (one who I called on to replace Musk), Musk's single focus on FSD and Robotaxis, both of which I don't believe much in for a decade, these certainly are shaking my unwavering support for what I believe Tesla was aiming towards, "Accelerating the world's transition to sustainable energy".
The importance now is to segregate Tesla's performance against the rest of the market and events in the world. I think both are contributing to its low share price although I remain confident that the company will bounce back sooner than later based on governments programmed transition to EVs.
Elon Musk chew more than he could handle on a number of projects, including the 4680 batteries and Dojo or building a tonka truck for 100,000 buyers instead of a sub 25k small urban car for millions.
SunTrader must have held shares in the traditional automakers, back when our arguments revolved around how Tesla wasn't going to make 2M cars by 2025.
I recognize that Tesla is in a major storm today. The layoffs and departure of key senior management (one who I called on to replace Musk), Musk's single focus on FSD and Robotaxis, both of which I don't believe much in for a decade, these certainly are shaking my unwavering support for what I believe Tesla was aiming towards, "Accelerating the world's transition to sustainable energy".
The importance now is to segregate Tesla's performance against the rest of the market and events in the world. I think both are contributing to its low share price although I remain confident that the company will bounce back sooner than later based on governments programmed transition to EVs.
Elon Musk chew more than he could handle on a number of projects, including the 4680 batteries and Dojo or building a tonka truck for 100,000 buyers instead of a sub 25k small urban car for millions.
(Semafor)
California’s giant battery plant
A gas power station in Southern California is being replaced with the U.S.’s second-biggest battery plant. The plant’s twin smokestacks dominated the skyline in Menifee until it was decommissioned last year: California’s power is being increasingly provided by renewables, and the plant’s 12-hour startup time made it unhelpful as an occasional backup. The new battery farm, built in less than a year, will hold enough juice to power 680,000 homes for four hours, maintaining “grid reliability in the face of all of these intermittent renewables,” an energy manager told Canary Media. California leads the nation in battery capacity, although Texas, with its vast solar infrastructure, is on course to overtake it.
California’s giant battery plant
A gas power station in Southern California is being replaced with the U.S.’s second-biggest battery plant. The plant’s twin smokestacks dominated the skyline in Menifee until it was decommissioned last year: California’s power is being increasingly provided by renewables, and the plant’s 12-hour startup time made it unhelpful as an occasional backup. The new battery farm, built in less than a year, will hold enough juice to power 680,000 homes for four hours, maintaining “grid reliability in the face of all of these intermittent renewables,” an energy manager told Canary Media. California leads the nation in battery capacity, although Texas, with its vast solar infrastructure, is on course to overtake it.
Yesterday I bought almost 60 TSLA $155 puts at $2.4-$2.5 selling above $3.30. That was after shorting 500@$157.00s and covering $154. It’s not big money to the gods on Elite but it’s honest cash. No money left to be made, that depends on Elon remaining stable? I wish I held my shorts, they’re going to print!"The profit has already been made short. There is no big winner to be found short. "
So you can see the future, huh?
Does that involve a Giradian mimetic too?
So tell me have you been lurking here for years, prior to joining recently (this topic and the 2023 version I mean) or you just brushed up on a few of my posts and think you understand where I am coming from?
Edited: Tuesday and Wednesday you could feel a very sloppy buyer, WSB had a news piece that it was Cathy Wood gobbling up TSLA. I guessed it was and that’s why I exited my position.
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