$TSLA

[Pekelo]

OH yeah, anybody remembers that super duper stretched week of 174 or so hours when they "hit" the 5K cars production quote (set by Moody)?

The quality of those cars:

https://www.businessinsider.com/tes...housands-of-cars-2018-8?utm_source=reddit.com

 

[dealmaker]

Morgan Stanley halts research coverage of Tesla

Morgan Stanley's move could potentially be a sign the bank may be doing business directly with Tesla as it explores options to go private. (Automotive News)

 

[Pekelo]

Somebody sure didn't know how to be a CEO:

""Given the feedback I’ve received, it’s apparent that most of Tesla’s existing shareholders believe we are better off as a public company. Additionally, a number of institutional shareholders have explained that they have internal compliance issues that limit how much they can invest in a private company.""

TL;DR: "Nobody wanted to take us private."

 

[Daal]

Somebody sure didn't know how to be a CEO:

""Given the feedback I’ve received, it’s apparent that most of Tesla’s existing shareholders believe we are better off as a public company. Additionally, a number of institutional shareholders have explained that they have internal compliance issues that limit how much they can invest in a private company.""

TL;DR: "Nobody wanted to take us private."

Good call, I was wrong. Looks like Musk is lot more mentally disturbed than I assumed. I thought he wouldn't go that far to the point of making the whole thing up but a go private consideration that lasted 17 days shows that the whole thing was a charade designed to create pain to the shorts, which was my original instinct but that I dropped when I decided that he wouldn't be crazy to that point.
Looks like he was and now he will face some huge problems. Not sure if it was sleep deprivation, grandiosity or an Eike Bastista symdrome but clearly he lost it. I guess its a good lesson for me that recent trends in CEO behavior needs to be respected. I'm guessing the stock opens at $305 or bellow Monday

 

[Cuddles]

Somebody sure didn't know how to be a CEO:

""Given the feedback I’ve received, it’s apparent that most of Tesla’s existing shareholders believe we are better off as a public company. Additionally, a number of institutional shareholders have explained that they have internal compliance issues that limit how much they can invest in a private company.""

TL;DR: "Nobody wanted to take us private."

His legal defense:

 

[Pekelo]

Funniest reddit comment:

"Elon is a billionaire and he couldn’t secure a threesome with a vampire cosplayer and an insane Trump supporting black bisexual rapper, but we’re supposed to believe he could secure funding?"

 

[Pekelo]

I thought he wouldn't go that far to the point of making the whole thing up

I think it was more of his wishlist, then an outright lie for screwing the shorts. It kind of makes sense from the "I don't want to be held accountable in every quarter" sort of way, and maybe the Saudis verbally "promised" him something. Personally I think he thought he could take Tesla private on the cheap, for only 8-10 B, but that is because he doesn't know much about finance.

Q3 will be -200 MM, and when he realized this, going private and not facing the music made sense, although again, he thought he can push this through in 2 months. Now he is going to have egg on his face when the "Q3 profitable" promise doesn't happen...

 

[Cuddles]

Did Elon just set the Tesla factory on fire?

 

[elitenapper]

Did Elon just set the Tesla factory on fire?

If so, it would be the smartest thinking he's done I'm aware of, even though the plan failed, as usual.

Today's high was 324.8...

Good call. A high of 327+ the following day. TSLA might still make a push to 330 (Feels like the Tesla Team was working at it Monday pre-market and afternoon, but it could have been just a ride on the big market rally). I'm holding Puts for the rest of the week, unless it goes above 325 or drops below 305.

Guess you can't comprehend ... reality.

I most definitely can't comprehend reality. Never have. Would you mind sharing some of your comprehension of reality here?

 

[Pekelo]

Would you mind sharing some of your comprehension of reality here?

That call was based on both TA and FA:

1. TA: Once the bottom Williams % was hit on the daily chart, it usually bounces up to the SMA line what was around 330. If you check the daily chart the SMA was touched 3 days ago at 327.

2. FA: It is a cult stock so we don't need to expect logical behavior, or should I say the expectation is cultist logic. 300 or just below that has been a floor, and I figured it would hold. People and maybe institutions too rush in to buy at that level...