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Re: TSLA corporate outlook

Posted: Mon Feb 03, 2020 6:23 pm
by EVDRIVER
And they will be back for more for
Sure. Anyone wonder where these deep losses are funded. It’s not just dumb retail investors.

Re: TSLA corporate outlook

Posted: Mon Feb 03, 2020 6:41 pm
by GaleHawkins
iPlug wrote:
Mon Feb 03, 2020 5:22 pm
Shorts lost $2.5 billion today, $8 billion so far about a month into this year.
There must be major companies trying to slow down Tesla for some reason to drop millions. I heard some short sellers being interviewed. I wonder if they actually believe the BS they spit out

Re: TSLA corporate outlook

Posted: Mon Feb 03, 2020 8:50 pm
by GRA
ABG:
Tesla directors settle SolarCity lawsuit, leaving Elon Musk the lone defendant
Other parties settle, leaving Musk to face the music
https://www.autoblog.com/2020/02/02/tes ... elon-musk/

Directors of Tesla Inc settled a shareholder lawsuit over the company's 2016 acquisition of SolarCity Corp, leaving Chief Executive Officer Elon Musk as the lone defendant facing claims that Tesla paid $2.6 billion for a worthless solar energy system installer, according to court documents.

The $60 million settlement comes as a 10-day trial is scheduled to start on March 16 in Delaware in which shareholders seek $2.6 billion in damages, the entire cost of the SolarCity deal. . . .

Tesla shareholders have alleged Musk breached his fiduciary duties, squandered Tesla's assets and unjustly enriched himself by pushing to buy the money-losing solar company in which he was the biggest investor.

The settlement covered five current directors: Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Stephen Jurvetson and Kimbal Musk. Brad Buss, who was a director at the time of the SolarCity deal, was also part of the settlement, which was paid from insurance policies, according to court documents.

"Plaintiffs probably think they have a cleaner shot on the merits if the only issues they have to raise are with Elon Musk and Elon Musk's actions," said Brian Quinn, a professor at Boston College Law School. . . .

Re: TSLA corporate outlook

Posted: Tue Feb 04, 2020 6:49 am
by EatsShootsandLeafs
webb14leafs wrote:
Mon Feb 03, 2020 11:24 am
EatsShootsandLeafs wrote:
Mon Feb 03, 2020 10:39 am


Many things when he's said them are so preposterous as to be clearly untrue and impossible, and roundly mocked the day the statements are made. Last year was probably the peak of this. Will be interesting to see how 2020 pans out.
Hate to poke the bear, but can you be more specific? Not meeting planned milestones doesn't make someone a liar.
It does if when you say them you know there is no way they will happen.

I find it really unbelievable some of you think he is not just an abject liar. Robotaxi fleet 1M cars in 2020, teslas that supposedly appreciate multiple times over their life. These are not moon shots. They are just lies. And are roundly mocked when stated, so it's not like anybody (including musk) believes them when he says them.

Stock up another $100 premarket. Completely abdicated from reality.

Re: TSLA corporate outlook

Posted: Tue Feb 04, 2020 6:55 am
by jlv
EatsShootsandLeafs wrote:
Tue Feb 04, 2020 6:49 am
Stock up another $100 premarket. Completely abdicated from reality.
Could this be a massive short squeeze taking place? Either way, it's going to be a heck of a rollercoaster ride.

Re: TSLA corporate outlook

Posted: Tue Feb 04, 2020 7:06 am
by coleafrado
IMO, the "short squeeze" talk is bogus. What's happening now is just panic buying (not by shorts) and speculation - just like Bitcoin way back in December 2017.

It may hit $1-2k, but my guess is that it'll be below $400 by March. I'm not placing any bets, though... :shock:

Re: TSLA corporate outlook

Posted: Tue Feb 04, 2020 7:29 am
by GaleHawkins
EatsShootsandLeafs wrote:
Tue Feb 04, 2020 6:49 am
webb14leafs wrote:
Mon Feb 03, 2020 11:24 am
EatsShootsandLeafs wrote:
Mon Feb 03, 2020 10:39 am


Many things when he's said them are so preposterous as to be clearly untrue and impossible, and roundly mocked the day the statements are made. Last year was probably the peak of this. Will be interesting to see how 2020 pans out.
Hate to poke the bear, but can you be more specific? Not meeting planned milestones doesn't make someone a liar.
It does if when you say them you know there is no way they will happen.

I find it really unbelievable some of you think he is not just an abject liar. Robotaxi fleet 1M cars in 2020, teslas that supposedly appreciate multiple times over their life. These are not moon shots. They are just lies. And are roundly mocked when stated, so it's not like anybody (including musk) believes them when he says them.

Stock up another $100 premarket. Completely abdicated from reality.
Did you spray paint the lens of your glasses black?

Have you looked at the quality of buyers?

Tesla is not a car company. Look at the cars as no more than computer cases to sell technology needed to get to Mars and live on Mars.

Re: TSLA corporate outlook

Posted: Tue Feb 04, 2020 7:31 am
by webb14leafs
coleafrado wrote:
Tue Feb 04, 2020 7:06 am
IMO, the "short squeeze" talk is bogus. What's happening now is just panic buying (not by shorts) and speculation - just like Bitcoin way back in December 2017.

It may hit $1-2k, but my guess is that it'll be below $400 by March. I'm not placing any bets, though... :shock:
It's probably all of the above. The short squeeze is definitely happening, but can't be credited with all of this gain. Hysteria/FOMO is probably most of it. Have to say, though, that their forward P/E is around 100, which isn't as insane as you would think.

Re: TSLA corporate outlook

Posted: Tue Feb 04, 2020 7:43 am
by WetEV
GaleHawkins wrote:
Tue Feb 04, 2020 7:29 am
Tesla is not a car company. Look at the cars as no more than computer cases to sell technology needed to get to Mars and live on Mars.
Thinking of SpaceX?

Tesla is mostly a car company, and its future depends on domination of the car market, at least in the USA. Outside the USA, Tesla will need to compete, and will be less profitable.

Re: TSLA corporate outlook

Posted: Tue Feb 04, 2020 7:45 am
by coleafrado
The thing is, when you're comparing Tesla to Amazon on the basis of their P/E and their minimal profits - demand for cars is no where near as constant as the demand for the millions of products Amazon sells. Sure, infinite growth and perfect balance of income and capital expenditure works for Amazon, but for a company selling cars... overexpansion can mean death, and fast.