Maybe it was that stupid robot thingy Musk introduced, which failed to impress. What is wrong with that guy? Not-flamethrowers, boring machines, and now a robot servant? Some people have too much money, heh.
TSLA 2022
- Thread starter nursebee
- Start date
Maybe it was that stupid robot thingy Musk introduced, which failed to impress. What is wrong with that guy? Not-flamethrowers, boring machines, and now a robot servant? Some people have too much money, heh.
Did you short tsla today? Do you have any skins in the game? If not, why are you wasting your time watching a stonk you don’t own?
This past weekend I was chatting with a good friend who is heavily invested in Tesla and follows a couple members of TMC (Tesla Motor Club). I was going through my 2 cents projections but he said he was warned to expect the share price to drop to 250... Of course that was hard to reconcile with my expectations and saw that as an ominous sign that TSLAs trading band would drop to 240-260 until Q4 annual results and satisfy the triangle bear breakout.
Well, we're at 242.... So I loaded up!
I believe a couple big name Tesla bulls questioned Musk on that very subject and were unceremoniously dismissed by him.
It's fair to say that without Musk there would be no Tesla or Space X or The Boring Company. He has the vision, drive and financial resources to make things happen. Yet, he is also a significant liability because of his Asperger's, his inability to focus very long on any one thing and need for a permanent adrenaline rush.
I think he's bored with the car manufacturing side of Tesla because that business doesn't need much of him anymore. The robot is complicated and challenging, and others make advanced robots that don't seem to have any useful applications. Perfect for Elon Musk.
The problem is there's a disconnect between building a humanoid robot for use in manufacturing/warehouse applications to replace labor and the obvious needs of those environments for simple non humanoid robots to replace labor.
I suspect Musk is more interested in these robots to build future structures on Mars but can't say it because he needs Tesla revenue to finance their development and serious Tesla shareholders would openly challenge him and possibly get him booted out as CEO.
Well, let me fall on my sword and acknowledge how wrong I was about my prediction. I had expected exactly the opposite of what happened and today TSLA is languishing at 215 instead of testing 330. Yikes!
Analysing where I erred, I had expected lots of positive from AI Day, which turned out to be a dud, at least on the humanoid robot front, and I agree with much of the criticism I've read from experts in the field and those who question the misallocation of funds to that project.
However, I don't think Tesla bot or Musk's reaction to the criticism are entirely responsible for the mini crash. Markets are forward looking and somehow there's a belief that Tesla is overextending at a time of geopolitical great uncertainties.
Despite my criticism, I remain a Tesla bull and expect Q3 results to surpass expectations and Q4 annual results to take Tesla to a new high in volumes, production, side businesses and margins. Will the stock price reflect this? If so, share price should rise quickly between now and end of year, as it has every year in the last 3 years.
Some will say it doesn't matter what will happen in the greater context, it's what do I do when the stock drops. No, I had no stops and I don't short. so I made no money. Instead I bought the drop. I'm averaging only a few $ down from Friday's close so... We'll see what happens between now and end of November.
Well, yesterday TSLA was tested at 206 (multi year support is 205) before rebounding nicely, to close at 221. It's been nice to make a little money!
Strong expectation of a 2 weeks long to test 3 attempts above 314 since early August.
Tsla earning is next week 10/19/22, right? Place your bets here…gap up or gap down after earning?
Expectin long through earning then downward pressure days after.
OK people...Talk me out of this Tesla trade. I have watched the stock for years. I have never bought it...I have been waiting for it to either implode or gain/keep market share, while it develops a service center network. I just think many Tesla owners are throwing up their hands when it come to service. They'll say "forget it, I'll buy a Prius Hybrid and save the planet that way"!!
But...I'm starting to look at a possible entry price. As many of you know, I do covered calls. Right now I can get 4% for 1 year CDs or treasuries...Safe and simple.
So this is what I am thinking of doing. What if I buy Tesla (100 shares) next week (entry point say $204.40...Very doable). I then do a covered call for the Jan 24 $210. I would get about $59. ($5,900.) for the option. The option money could be put into a CD earning 4% for a year $5,900. x .4...$236. These are round numbers (don't clobber me for a few bucks here or there). If it got called away, I would be fine with the profit.
Tesla could crash...But I don't think it will crash and burn. If by Jan 2024 I still own it, I could do another covered call for further out. If the stock is at $145. ($204.-$59.) I am still ahead of the game.
Yeah, I know I could do a put...But I have to put my money somewhere (creating cash flow). Thoughts??
But...I'm starting to look at a possible entry price. As many of you know, I do covered calls. Right now I can get 4% for 1 year CDs or treasuries...Safe and simple.
So this is what I am thinking of doing. What if I buy Tesla (100 shares) next week (entry point say $204.40...Very doable). I then do a covered call for the Jan 24 $210. I would get about $59. ($5,900.) for the option. The option money could be put into a CD earning 4% for a year $5,900. x .4...$236. These are round numbers (don't clobber me for a few bucks here or there). If it got called away, I would be fine with the profit.
Tesla could crash...But I don't think it will crash and burn. If by Jan 2024 I still own it, I could do another covered call for further out. If the stock is at $145. ($204.-$59.) I am still ahead of the game.
Yeah, I know I could do a put...But I have to put my money somewhere (creating cash flow). Thoughts??
I won't comment on how you make money on TSLA because the point is, you believe the share price will increase and I agree with that.
There is no better time to jump in because the price is now quite low. Some think it might drop below 200 but those people also strongly believe in 400 within the next 12 months.
Q3 numbers come out next week, there are talks of a buyback, the factories are pumping out more cars and despite some rumors, there is no demand weakness however you look at it. To summarize, despite all the crap going on in the world, Tesla is plowing along and breaking records. The new factories are going to multiply output and records will continue to be broken for the next 5 years, at which point we'll have to see where the state of competition is and if we still have a world to live in.
I'm both a Tesla investor and trader.