Are you guys seeing this?
Elon and his boys got a near perfect score from Consumer Reports on the Model S. They also released fantastic Q1 results...it is up over 25% today.
What do you equities guys think? I know many of you made a real bearish case for this stock a little while ago...it's up like 90% since then.
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Damn, I hope WhiteHat is OK
Poor WhiteHat :/ He made some good points for the long-term failure of Tesla.
Master tuition paid for = Priceless
Tessssslllaaaaaa!!!
This is absurd.
http://www.wallstreetoasis.com/forums/long-tsla
EBA,
I have absolutely no problem giving credit where it is due. Nice job, man.
http://www.youtube.com/embed/458TLFRkAlk
Looks like we have WSO's version of the HLF battle...
Lol first profitable quarter? Have any of you even read the 8k?
Operating income still negative. All accounting profits.
Tough to short these things...which is why I legged in a straddle.
Is dickriding people whose ideas you believe in a valid investment strategy? For instance, I think that pretty much everything that Elon Musk, Richard Branson, and Buffett do is awesome. I'd go long some ELON and some BRSN.
..Maybe buy a straddle on some BFFT
LOL
We should start an exchange (if there isn't one already) that buys and sells shares in people. Now that I think about it, wasn't there a thread on this already?
Did you just say you want to straddle an 80 y.o. man?
....I....believe he just did. o.O someone must've gone to the Buffet shareholder-palooza this year.
What did it cost you?
Not surprised reaction was that big of a jump up, nobody knows what to make of them and optimism always trumps all, especially given current conditions. I'm gonna stick with the bears on this one so far and say nothing good ever comes from 1) not making any money, 2) shifting to nondisclosure of the only relevant metrics for your business's prospects, and 3) being a car company that wants to push inventory to Europe while still maintaining what we assume to be a hefty backlog in North America.
Tesla's up 13% this morning.
Since it closed at $55.79 on Wednesday, the stock is up over 41%.
I got in on 55 with $11K of my $40 total hahaha. Yes, you can call me a big advocate.
Responding to criticism in this thread about Tesla...
1) The other US car manufacturing companies don't disclose their waiting list numbers. As you build out production it becomes an increasingly less meaningful statistic.
2) Tesla projects to have 25% margins on its cars by Q4 of this year WITHOUT any tax credits.
3) A large portion of the sales have been in California, where it's gotten cult status. The news this week has made Tesla a national brand, and awareness is starting to pick up on it (lots more potential geographically for expansion.)
4) Europe/Asia fuel cost up to 2x more than gas in the US, so the electric car is much more attractive in those markets. Also, TSLA is forecasting low profitability because it's building out infrastructure. That's a good thing.
5) As you saw from OP...TSLA cars are just mother f'ing badass. Just test drive one of those things....they said that around 25% of all people who test drive a TSLA the past year have purchased one. Think about that for a moment.
...with that said, considering how its valuation is near GM/Ford levels, I don't think it'll double in the next 4 years or anything. But the model is definitely sustainable...and a large reason I bought into the stock was BECAUSE of the short squeeze (49% of float, absurd foolishness).
Supporting Tesla is supporting the USA. It's a polarizing stock like Apple. And I love it.
I'm going to say this: the shorts and the longs can both be right.
I made 25% on HPQ. But I think it's a terrible company, and that Chanos stands a very good chance of eventually being right. I actually regret buying it because it does not demonstrate the investment process I want to develop.
Look at AOL up until 2000. If you were a bull, you were "right"...until you weren't. I think TSLA is a similar story. Of course, this assumes that it isn't continually propped up by the government.
HP is a crappy company. Tesla just built one of the best cars on the market. It's a technology company that happens to make cars, not another car company.
And AOL was a first mover in the space. Tesla has gone after many electric car vehicles have failed, and learned from those mistakes.
You could always sell HPQ, couldn't you...
Oh, I believe in Whitman. But I was expecting a much clearer vision by now - they are still trying to be a tech conglomerate. I would have like to see actual movement towards a break-up, as opposed to that throwaway line they had about "spinning off under-performing divisions". There's value there, but its buried under 15 years of dysfunctional management practices.
My HPQ investment thesis was basically "this company's terrible, but not $15 terrible (yet). More like $20-$22 terrible, with upside potential if they execute a spin-off or show some sign of a successful turnaround." Not a proud moment in my investment career.
As for TSLA, I didn't intend to compare them to HPQ. They have much more in common with a hype company that has yet to make any money. A company that is spending heavily on capex to serve a minuscule market with a very expensive product.
I desperately want one of these cars. I think it was 3 consumer reports that gave the Model S a nearly perfect rating, with some saying it's the best car ever driven, from handling to technology to braking to acceleration. That's pretty amazing. I live within reasonable driving distance to 2 Tesla dealerships, but I had never seen one on the road until today. Then one passed me today in the parking lot. I slammed on my brakes and made a U-turn and followed the car for a bit--it's a beautiful car. And the 17-inch LCD screen is out of this world--it's unheard of in a car. Not to mention that the interior is magnificent in general. And because there is no traditional engine, there is extra storage space where the engine would otherwise be. Pretty cool.
Tesla is smart--right now they are market leaders in battery technology. They've been licensing their technology to other car manufacturers, hoping that the more widely distributed plug-ins are the faster the building of infrastructure for the plug-ins will be, which will cause Tesla to become mainstream. Pretty smart long-term strategy.
I also heard that Google has approached Tesla about implementing it's autonomous technology into Tesla vehicles. By 2020, you could see the ultimate car of the past 100 years emerge--an autonomous (self-driving) vehicle that gets, say, 400 miles on a single charge. Just imagine if they teamed up with Apple and Bose for the internal systems. That car would be pure heaven.
Any predictions for tomorrow's open?
Up over 10% again today, despite the broader market being down. Good night, sweet shorts...36% short float still. Let the puking commence.
I'm such a jackass. I don't believe in the stock market or gold as a general rule of investing, and yet I've always known--for years--that I should buy gold and Apple stock. Intellectually, I know I should buy Tesla stock because it's just a really, really quality product, and here I am not purchasing this stock. FML.
It really is amazing to watch, but I can't see it being sustainable in the short term.
Hahah, had it at 55 and bought more today at 5% up before the spike. I think I'm good for now but man...what a helll of a ride. Both the car and the stock.
TSLA is valued more than Fiat at the moment and has yet to turn an operating profit. I suspect this thing will pop at the first hint of bad news.
Long Jan 14 OTM puts. This run is insane and unsustainable.
Interesting. What's your strike?
$50.
Just when you thought the short squeeze was over.
Rooting for TSLA is rooting for America baby. Let's gooooooooooo
Just to add, TSLA issued some common stock and convertible debt today too.
TSLA can do no wrong: company announces considerably dilutive common + converts offering, stock trades up 8% after hours…
...because the CEO is spending $100 million of his own cash as a part of it, re-affirming his faith in the company (regardless of the terms he buys it for).
As if Elon Musk cares about $100mm... he stands to lose much more if his direction and guidance are called into question by a TSLA failure than he does by investing a tiny chunk of his enormous wealth into his own company. This is a dilutive transaction, and the market is responding by driving the price up 10%. It reeks of insanity.
The stock market has been going through the roof the last year or 2. Obviously Tesla is outperforming the market, but is Tesla destroying the total market? I'm too lazy to look it up.
"I'm too lazy to look it up."
To echo Xepa. On the idea that Tesla is a technology company...other than having a solid head start ...their primary competitive advantage lies in their proprietary battery management software. The best analogy I heard is that Tesla is Apple on the outside, Google on the inside.
This is a horrible analogy.
TSLA has 117 patents. Its main technology-the battery-is not even proprietary and being bought from a seperate company.
GM has 30,000 patents. Mercedes has 80,000. TSLA has 117.
Apple on the outside? Maybe. Google on the inside-no fucking way.
Took the words from my mouth.
Whoever coined this analogy, rather than trying to make an apt description of TSLA, was going for "[insert the most exciting growth stock of the last decade] on the outside, [insert the second most exciting growth stock of the last decade] on the inside". It has the giddy-inducing rhetoric with the subliminal suggestion that "this stock is going to explode".
Tesla is an auto company, and worse yet, it's an auto company attempting to sell cars for which there is no existing infrastructure at a time a full generation before its technology has reached true feasibility. Oil is bountiful and cheap, the ICE is far more efficient and supportable than EVs and Tesla cars are impractical for near-term regular use.
There is an impending revolution in the automotive industry; and ironically for your analogy, it's being delivered to us by Google - a real innovator. Autonomous driving will put the final nail in the coffin of Tesla.
Tell TSLA to stop screaming; I'm hungover
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