Attached below is a daily chart of TSLA showing RTH only. For the last few months, the chart shows several rallies that were later met with a gap down RTH opening, and a close lower than the open that particular day.
$TSLA
- Thread starter Phill Twist
- Start date
The market never ceases to amaze. Everyone and his brother knew (or should have known) that deliveries would be bad, yet the stock still manages to drop 8% on the news.
Now all of a sudden there's chatter about the need for a capital raise (good luck with that given Musk's war with the SEC!) and talk of $200 price targets - the same price zone which, rumor has it, would trigger Elon's margin call.
I'm looking for another pop to $307 or so before this thing begins its terminal descent.
Now all of a sudden there's chatter about the need for a capital raise (good luck with that given Musk's war with the SEC!) and talk of $200 price targets - the same price zone which, rumor has it, would trigger Elon's margin call.
I'm looking for another pop to $307 or so before this thing begins its terminal descent.
Nah, straight downhill... Tesla bonds getting whacked, new debt issuance will be 11-12 % Yield if there is someone out there suicidal enough, and that's a wrap. Tesla is already losing on a per car basis, paying 12 % interest on top of that ? I think he would have a hard time in bond market, he would have to dilute stocks, which would really anger big institutional owners. Cash on hand will be around 1.6 1.7 Billion, but they have about 700 Million in china, so net cash flow will be 1 Billion at end of Q1, costumer deposits are 800 million... This isn't as bad a Theranos obviously, but one would have to seriously be lying to himself after looking at the numbers, and think they will even make it past 2019 without going bankrupt. They won't be able to pay suppliers much longer without new debt, I called it already, if Tesla doesn't raise money in Q2, they will default on payments by Q3, simple as that... Model Y ( Model 3 but lifted ) whole point was for an excuse to raise money, without raising doubts about cash flow, but it's not like institutions didn't know... Everyone knows!
https://www.reuters.com/article/us-...deliveries-miss-cds-cost-surges-idUSKCN1RG1MF
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That is wrong, Tommy R LOL.
The good news is he may stay out of jail, [judge hinted ]+ screw up the company more/bad customer service.The bad news is he may keep rebeling against the SEC=wrong move again.
Exclusive: U.S. bill to boost electric car tax credits could rev GM, Tesla
David Shepardson
4 Min Read
WASHINGTON (Reuters) - A bipartisan group of U.S. lawmakers introduced legislation on Wednesday to expand the electric vehicle tax credit by 400,000 vehicles per manufacturer, a provision that would give a boost to Tesla Inc and General Motors Co before the existing credit comes to an end for them.
The bill is sponsored by Democratic Senators Debbie Stabenow and Gary Peters, Republican Senators Lamar Alexander and Susan Collins and Democratic Representative Dan Kildee.
The bill could lift electric vehicle sales in a boost for automakers that have committed tens of billions of dollars toward meeting global emissions requirements.
GM and Tesla shares rose on Reuters report that the bill would be introduced. Tesla shares recently traded up nearly 1 percent, while GM was up 0.2 percent.
Supporters hope to attach the proposal to tax legislation that could be considered in the next few months.
The existing $7,500 EV tax credit, which allows taxpayers to deduct part of the cost of buying an electric car, phases out over 15 months once an automaker hits 200,000 cumulative EV sales. GM saw its tax credit cut to $3,750 on April 1. Tesla’s tax credit fell to $3,750 on Jan. 1 and will end entirely at year’s end.
The bill dubbed the “Driving America Forward Act” would grant each automaker a $7,000 tax credit for an additional 400,000 vehicles on top of the existing 200,000 vehicles eligible for $7,500 tax credits. It would shorten the phase-out schedule to nine months.
The bill would also extend the hydrogen fuel cell credit through 2028. The bill is estimated to cost $11.4 billion, with all but $91 million of that tally to extend the EV tax credit.
“We have a cap that’s got to go up,” Stabenow told a group of automakers at a dinner last week. “I want to get this done as soon as possible.”
The proposal has strong backing from automakers, environmental groups and others, but will face opposition.
Last month, the White House proposed immediately eliminating the $7,500 tax credit, a move it said would save the U.S. government $2.5 billion over a decade.
Senator John Barrasso, a Republican who chairs the Environment and Public Works Committee, in February proposed legislation to end the credit and impose a highway user fee on EVs to pay for road repairs.
The bill is backed by major automakers including GM, Tesla, Toyota Motor Corp, Ford Motor Co, Fiat Chrysler Automobiles NV, Honda Motor Co, BMW AG, Nissan Motor Co, Volkswagen AG and utilities.
GM President Mark Reuss said in a statement “the EV tax credit provides customers with a proven incentive as we work to establish the U.S. as a leader in electrification.”
Michael Brune, executive director of the Sierra Club, said “as we build and grow the clean energy economy, we must continue to invest in tackling the sector that generates the most pollution: transportation.”
Both GM and Tesla have been lobbying Congress for more than a year to extend or expand the EV tax credit.
GM’s credit drops to $1,875 in October and will completely disappear by April 2020, while Tesla’s credit falls to $1,875 in July and expires at the end of the year.
Reporting by David Shepardson in Washington; Editing by James Dalgleish and Bernadette Baum
Another car bail out? But it's green this time so people will go along
Yeah, Tesla does not pay any highway taxes. But there is never any wear and tear on the highways with their cars?? This looks costly to me and my pocket...