Tesla, the investment

[burritos]

Anyone get stuck in this during the holiday season?

https://www.businessinsider.sg/holiday-travel-long-wait-times-for-tesla-chargers-2019-12/

[Tim]

Anyone get stuck in this during the holiday season?

https://www.businessinsider.sg/holiday-travel-long-wait-times-for-tesla-chargers-2019-12/

Because of the time needed to recharge, over capacity to meet peak needs is going to be a logistical and expensive nightmare. Anyone want to develop and app to make appointments to reserve a place in line? The thought process is simply availability, but capacity is going to be a huge problem for usage.

[ajm184]

Keep that ICE in the garage for our trip during [Memorial Day, 4th of July, Labor Day, Thanksgiving, X-Mas]. It is math and infrastructure build for more charging stations. Unless/until the charging time comes substantially closer to that of 'filling a tank of gas', spike demand will be an issue/challenge for electric vehicle owners.

[Nysoz]

I did a 1500 mile round trip road trip to see my parents on the east coast in the model 3 for new years. no problems charging along the way or locally at all. west coast is definitely different as the owner density is much higher there.

I know tesla is constantly rolling out new supercharger locations, also they're slowly upgrading stalls to v3 which increases max charge rate to 250 kwh instead of the 150 currently.

I'm excited to see what the stock will do after the earnings call. The current estimated eps I think is 1.72 where last year was 1.93. estimated revenue is 7.02 when last year was 7.23.

with record deliveries and other revenue streams, I'll be surprised if it doesn't beat on both. with that being said, I also wouldn't be surprised if it pulls back with as much as it has run up lately. best case scenario would be big beat and causing a short squeeze. either way I'm holding for the long run

[Homer Simpson]

Wow. Incredible surge. Is it a car company or tech company?

[Nysoz]

It’s a battery company that makes cars with lots of tech behind it as well.

in the earnings call they’re delaying/limiting the semi because it would use a ton of batteries. Every battery they get their hands on are going into a product. Vehicle or storage. The competitors are finally realizing how hard it is to ramp up battery use. Way back when Tesla was starting Elon musk did back of napkin math to realize this and hence the first gigafactory was born.

tech as it has a better battery management and motor efficiency/engineering than any other competitor. They’re constantly evolving their product. My car has only gotten better since I’ve bought it with over the air updates.

Fsd and machine learning they’re developing is coming down the line. We’ll have to see what they come up with. The latest update that’s coming is supposedly 3 gb in size without any large new features. There’s speculation that buried in the update is to allow vehicles to process even more data. Who knows.

but with 11% up after hours, it’ll be even more interesting to see what happens tomorrow. Short interest has decreased but is still pretty high.

[Zaphod]

It’s a battery company that makes cars with lots of tech behind it as well.

in the earnings call they’re delaying/limiting the semi because it would use a ton of batteries. Every battery they get their hands on are going into a product. Vehicle or storage. The competitors are finally realizing how hard it is to ramp up battery use. Way back when Tesla was starting Elon musk did back of napkin math to realize this and hence the first gigafactory was born.

tech as it has a better battery management and motor efficiency/engineering than any other competitor. They’re constantly evolving their product. My car has only gotten better since I’ve bought it with over the air updates.

Fsd and machine learning they’re developing is coming down the line. We’ll have to see what they come up with. The latest update that’s coming is supposedly 3 gb in size without any large new features. There’s speculation that buried in the update is to allow vehicles to process even more data. Who knows.

but with 11% up after hours, it’ll be even more interesting to see what happens tomorrow. Short interest has decreased but is still pretty high.

Its still apparently (short interest is a hard to get number with any real time unless you've connections) around 20% short, which is basically criminally insane. With todays pop and that amount of short interest...who knows where this thing could go. Trades like a low float biotech.

[Nysoz]

well $420 was a meme, then the next meme value was $694.20. up 9.5% as of now this morning past that to $712

no real new news over the weekend. some battery news with partnership with catl and Panasonic making a profit. elon musk hosting AI day at his house.

so is this the start of a short squeeze?

edit: apparently some analyst also increased price target to $7000, and boris Johnson wanting to speed up the ban of fossil fuel cars 5 years to 2035

[Tim]

https://www.google.com/search?q=ai+conference+2020&ie=UTF-8&oe=UTF-8&hl=en-us&client=safari

Didn’t see it listed. Hope the marketing event posts some Instagram photos. Hey mom, can you make some more coffee?

[Nysoz]

in true elon musk fashion, google 'super fun ai party/hackathon'

[Tim]

in true elon musk fashion, google 'super fun ai party/hackathon'

Not really. Musk stopped the involvement with the “fun stuff” in 2018, conflict of interest. Translation, it’s all about the money.

https://en.wikipedia.org/wiki/OpenAI

[Zaphod]

well $420 was a meme, then the next meme value was $694.20. up 9.5% as of now this morning past that to $712

no real new news over the weekend. some battery news with partnership with catl and Panasonic making a profit. elon musk hosting AI day at his house.

so is this the start of a short squeeze?

edit: apparently some analyst also increased price target to $7000, and boris Johnson wanting to speed up the ban of fossil fuel cars 5 years to 2035

Start? Its been squeezing nice and slow for months, accelerating now, probably will get worse. I can imagine people holding on to straight shares short anymore.

People have to remember that shorts hold the share price up at some point as they are a guaranteed bid, you cant make money until you cover, aka, buy back the stock. Same thing for getting out of a position. You need to get out because price is going up, your buying bids up price, others get hit at their sensitive/risk levels and it goes on. When shorts get a much smaller percentage...this stops and its just the regulars who want to hold.

I honestly could not believe the level of short selling in the name as of the last couple weeks, this was always a risk in this name, but that risk has been nuclear and obvious for months now as realized. If the calls werent so expensive I would have bought some before earnings...but they were so expensive *checks notes* it would have been worth it.

[BCBiker]

When I successfully exit my call options positions, I will post the numbers. It is by far the most absurd thing I have ever experienced...

[Tim]

What is the expiration date? Time decay accelerates the closer they get. What's your strategy from a timing perspective?

[Zaphod]

What is the expiration date? Time decay accelerates the closer they get. What's your strategy from a timing perspective?

If its deep in the money the theta decay is going to be small as its mostly intrinsic value. Same with gamma and vega though its super elevated right now, and as anything options, depends on time to expiry. As your delta approaches 1 though, it starts to behave like holding the stock outright, except you lose whatever theta/vega priced into it.