$TSLA

[elitenapper]

$330 hit. 4 million shares traded in just 30 minutes. There's got to be some institutional profit taking / bailing at above $320. Anyway, Puts expiring tomorrow are so cheap for daytrading.

Anyone selling Straddles / Strangles?

Wonder what Jim Chanos is doing. I doubt that short squeeze like this can work on institutional shorts. He might take advantage of this opportunity to short more

 

[nursebee]

If I were an institution that sat thru 250 with conviction through all the recent dreck, NO WAY I would "profit take" @ 330

 

[dealmaker]

Musk fails to quell safety doubts at Tesla with data

Tesla would need to release more information than Elon Musk gave shareholders to set the record straight on the EV maker's work-safety record, according to former occupational health officials who worked under the Obama administration. (Automotive News)

 

[elitenapper]

The National Transportation Safety Board on Thursday released a preliminary report about Tesla's (TSLA) March 23 fatal crash involving a Model X SUV in California, saying the driver had hands off the steering wheel in the last seconds before the accident.

According to data downloaded from the vehicle, Autopilot, Tesla's suite of advanced driver-assistance systems, was on, including in the minutes immediately before the crash, the report said. The car made alerts to the driver to place his hands on the steering wheel more than 15 minutes prior to the crash.

During the minute before the accident, "the driver's hands were detected on the steering wheel on three separate occasions, for a total of 34 seconds; for the last six seconds prior to the crash, the vehicle did not detect the driver's hands on the steering wheel," the NTSB said.

The Model X had been following a lead vehicle a few seconds before the crash, but shortly before the car began a left steering movement while following the lead vehicle, the report said. "At 3 seconds prior to the crash and up to the time of impact with the crash attenuator, the Tesla's speed increased from 62 to 70.8 mph, with no precrash braking or evasive steering movement detected," the NTSB said.

The investigation is ongoing.

*********************************************************************************

My take:

At its current state, Tesla's Autopilot is sheer liability, and should be removed.

Elon Musk should publicly renounce his previous claims about Tesla's Autopilot
capabilities, especially the part " ... in the future, the future being now, you
can do pretty much anything ... (while the car drives itself) ..."

Developers of Tesla's Autopilot are nowhere close to having produced a safe,
reliable self-driving system, and I don't believe they can produce one in the
next 5 years.

 

[elitenapper]

i understand this is not intuitive. you guys still look at the micro and not the macro. he is getting what he spelled out yrs before faster than anticipated.

http://www.businessinsider.com/teslas-influence-on-the-auto-industry-2018-2



to transform the industry; so if china can build EV's cheaper..that was the plan!

equity price expectations will adjust as people understand the big picture in turn.

Is that all? No offense intended, but the author of that ultra-short article and the person he has quoted sound naive, inexperienced and shallow to me. What else and who else have you read before making a long term bet on Tesla?

 

[sellindexvol66]

no offense taken.

the only point i was trying to make is that Tesla real goal is not to dominate EV; but to change the industry to EV...undeniably it has already happened...who would have thought Porsche Mission E would be this close to mass production for example. furthermore; i'm also suggesting the return on the energy business is where the bears are missing thanks to their relentless focus on the car side.

 

[Cabin111]

Just thinking out loud...If a disaster hit either the Fremont Tesla plant or the Nevada battery plant, would that finish Tesla?? Even if the insurance were to pay for repairs of the plant, and "some" lost production, the other major lost production (insurance not covering) and cost of loan interest would kill this company. If something happened where it took 1 year to get back into production, would that end this company?? Please shoot holes in this thought line...

If their credit rating is not good, would someone come in and make a loan to them?? Would a "white knight" such as Apple appear on the scene? I truly have not seen a company like this since the dot com bubble...Pets.com, eToys.com.

 

[elitenapper]

no offense taken.

the only point i was trying to make is that Tesla real goal is not to dominate EV;

Wrong. Every car company wants to dominate the sector it's in. Most do not succeed. Tesla will certainly fail, but that's a different discussion.

but to change the industry to EV...

Wrong. Tesla wants to make money, not to change the industry. To the extent that its prospect improves when there is a lack of competition, the opposite is true.

undeniably it has already happened...

Wrong. It has not happened. And when it finally happens, it won't be because of Tesla.

who would have thought Porsche Mission E would be this close to mass production for example.

Wrong. Everyone who know something about the EU and Germany's push for electric cars would have seen it coming a long time ago. Even in America, some companies had produced electric cars before Tesla was born.

furthermore; i'm also suggesting the return on the energy business is where the bears are missing thanks to their relentless focus on the car side.

Wrong. Tesla's primary focus is the electric car market. Tesla makes it so, not the bears.


Finally, I don't see the point of your groundless speculations in the above matters, which are not only against common sense and reasonable presumptions, but are also irrelevant to trading. This site is about trading. Do you trade?

 

[sellindexvol66]

Wrong. Every car company wants to dominate the sector it's in. Most do not succeed. Tesla will certainly fail, but that's a different discussion.



Wrong. Tesla wants to make money, not to change the industry. To the extent that its prospect improves when there is a lack of competition, the opposite is true.



Wrong. It has not happened. And when it finally happens, it won't be because of Tesla.



Wrong. Everyone who know something about the EU and Germany's push for electric cars would have seen it coming a long time ago. Even in America, some companies had produced electric cars before Tesla was born.




Wrong. Tesla's primary focus is the electric car market. Tesla makes it so, not the bears.


Finally, I don't see the point of your groundless speculations in the above matters, which are not only against common sense and reasonable presumptions, but are also irrelevant to trading. This site is about trading. Do you trade?

i trade full time going on 20 yrs, a lot of guys know me here.

we disagree on every point..good luck.

 

[nursebee]

The parking lot of cars comments have been comical. Now the parking lot also has been seen with 8-10 car carriers at a time, multiple times per day.

The parking lot= factory, where they build things. Quite American.