Nothing special...Just watching closely and it tried like crazy to drop below that number. I have no skin in the game with the stock, except I own some Panasonic. But I'm from California, so Tesla is that giant question mark. It seemed like someone (groups) were holding it above that level...And it never dropped below. About 10 seconds aftermarket, it closed below for a few seconds. Why???
$TSLA
- Thread starter Phill Twist
- Start date
Nothing special...Just watching closely and it tried like crazy to drop below that number. I have no skin in the game with the stock, except I own some Panasonic. But I'm from California, so Tesla is that giant question mark. It seemed like someone (groups) were holding it above that level...And it never dropped below. About 10 seconds aftermarket, it closed below for a few seconds. Why???
While I don't like the delivery of this particular episode (otherwise I find these guys quite good), the explanation is almost word for word that of my assessment upon learning of the $5B stock issue, as that it is/was meant to help maintain Tsla share price low long enough to give the S&P fund managers the opportunity to buy without overheating the price. In effect, Tsla is artificially low (yes, I said it!) and is about to recover (started Thursday 9th) and will reach new highs within 2 weeks, with an S&P announcement before year end.
TSLA's inclusion in the index is merely a matter of 'when', not 'if'.
It's similar with what happened to GOOG before its inclusion in the S&P 500.
The index committee waited for it to have a multi-week pullback, so that the stock wasn't added at/near an all-time high.
GOOG reached $236.67 on 2006-01-11 (adjusted price due to single class of stock)
Its inclusion was announced after the close on 2006-03-23 when it closed at $170.31 (adjusted)
Google to Join S&P 500
https://www.wsj.com/articles/SB114315338328106799
Google Added to S&P 500
https://www.thestreet.com/markets/google-added-to-sp-500-10275434
"Google: S&P 500 wallflower
"Only 15 firms in the benchmark are worth more than Google. So how much longer will it have to wait?"
https://money.cnn.com/2006/01/09/technology/google_SP500/index.htm
https://en.wikipedia.org/wiki/List_of_S&P_500_companies
GOOG was added on 2006-04-03
Last edited:
Elon Musk is my favorite African American.
Since you quoted my post from other thread, I will follow up, because I think my assessment was spot on and yet I'm pissed off, even as a Tesla supporter.
Diluting share value for adding 5B is one thing, but using that money to take the price down to sub 400 so as to allow S&P fund managers to buy low for a week is wrong and some lawyers ought to look into it. Hell, Musk could have simply given these guys a share buying bonus to compensate for purchases over 400 and that would have been just as unethical.
The up trend is holding, further confirming that last week's sub 400 crash (at least that's how I view it after a drop from a 538 high) was probably entirely made up, an agreement made between Tesla's Musk and the S&P committee to hold share price below 400 until end of trading last Friday, Sept. 11. Of course this is purely speculation, but if it holds true, the following is likely to happen:
1. Tesla will spike by Battery Day/Shareholder meeting to over 538 (550+?)
2. Get ready for a hangover blues to mid 400s soon after...
3. S&P will announce Tesla inclusion sometime in October - New spike to high 500s when words leak.
4. New drop when everyone realizes the shares have all already been bought. Tesla hums along in the 450-550 range through end of year until Q4 numbers come out.
TSLA up over 700% in 2020, quite impressive
https://www.investors.com/research/best-companies-2020/
https://www.investors.com/research/best-companies-2020/
Looks like some of my predictions were right and others not (but, how can it be?). I expected Tsla to have dropped significantly by now but it hasn't. In fact it's at an all time high. So congratulations to those who held on to the shares!
Tsla share price is defying all established evaluation logic and many a short have lost money predicting its fall this year (to the tune of $38B!). Perhaps it is time to question not Tesla, but the logic. Clearly, factors beyond expected returns are at play here and, for my part, it gives me a bit of pleasure to see not only uncertainty reclaim its rightful place in the market, but that aspiration has demonstrated value.
Happy New Year!
Tsla share price is defying all established evaluation logic and many a short have lost money predicting its fall this year (to the tune of $38B!). Perhaps it is time to question not Tesla, but the logic. Clearly, factors beyond expected returns are at play here and, for my part, it gives me a bit of pleasure to see not only uncertainty reclaim its rightful place in the market, but that aspiration has demonstrated value.
Happy New Year!
Yes, its amazing how the stock can go up so much and yet still not be profitable without the help of revenue from selling Fed Carbon Credits. Don't get me wrong, I am still a TSLA / SpaceX fan, a lot of good has come out of this industry and hopefully there will be much-much-more on the way.
https://insideevs.com/news/438345/tesla-428-million-carbon-credits-q2-2020/
https://fortune.com/2020/09/30/tesla-profit-revenue-environmental-credits-elon-musk/
even more impressive it was significantly overvalued at start of 2020
it need to lose 95% to be somewhat fairly valued now
on the side given bitcoin is at $33 000 TSLA feels undervalued as they at least produce something