Tesla low-Musk high

Short sellers betting against Tesla made more than half a billion off the stock's slide on Friday. After a video showing CEO Elon Musk smoking pot on a podcast surfaced and a pair of C-level executive resigned, those betting against the company raked in $510 million in mark-to-market profits as Tesla fell more than 5 percent price, according to estimates from Ihor Dusaniwsky, S3's head of predictive analytics. The stock TSLA, -6.92% was down as much as 10% in early trade, trading as low as $252.25. 

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xoxo. Who resigned?

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Just now, Stephen said:

xoxo. Who resigned?

Chief Accounting Officer Dave Morton for now. Some others announced the same. The company's HR boss Gaby Toledano reportedly won't return for a leave of absence she took last month

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3 minutes ago, 李伟王芳 said:

Short sellers betting against Tesla made more than half a billion off the stock's slide on Friday. After a video showing CEO Elon Musk smoking pot on a podcast surfaced and a pair of C-level executive resigned, those betting against the company raked in $510 million in mark-to-market profits as Tesla fell more than 5 percent price, according to estimates from Ihor Dusaniwsky, S3's head of predictive analytics. The stock TSLA, -6.92% was down as much as 10% in early trade, trading as low as $252.25. 

Just because something is legal, does not make it wise. Brilliant guy with no control over his immediate impulses. Not good CEO material. But his cult following will never get that.

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Just now, JohnAtronis said:

Just because something is legal, does not make it wise. Brilliant guy with no control over his immediate impulses. Not good CEO material. But his cult following will never get that.

reminds me of Trump. But much nicer accent

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Musk might just be setting up to get rid of TSLA stockholders who are not true believers in the company. People who do not really believe in the vision of TSLA the company would be forced to sell then Musk would get the stock price up.

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6 minutes ago, 李伟王芳 said:

Short sellers betting against Tesla made more than half a billion off the stock's slide on Friday. After a video showing CEO Elon Musk smoking pot on a podcast surfaced and a pair of C-level executive resigned, those betting against the company raked in $510 million in mark-to-market profits as Tesla fell more than 5 percent price, according to estimates from Ihor Dusaniwsky, S3's head of predictive analytics. The stock TSLA, -6.92% was down as much as 10% in early trade, trading as low as $252.25. 

All of us that a Short never predicted it would get this good. We were short based on common sense and good financial analysis but then crazy Musk keeps giving us these gifts.

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7 minutes ago, 李伟王芳 said:

Short sellers betting against Tesla made more than half a billion off the stock's slide on Friday. After a video showing CEO Elon Musk smoking pot on a podcast surfaced and a pair of C-level executive resigned, those betting against the company raked in $510 million in mark-to-market profits as Tesla fell more than 5 percent price, according to estimates from Ihor Dusaniwsky, S3's head of predictive analytics. The stock TSLA, -6.92% was down as much as 10% in early trade, trading as low as $252.25. 

It's only up 14 points or so since this morning's low

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7 minutes ago, 李伟王芳 said:

Short sellers betting against Tesla made more than half a billion off the stock's slide on Friday. After a video showing CEO Elon Musk smoking pot on a podcast surfaced and a pair of C-level executive resigned, those betting against the company raked in $510 million in mark-to-market profits as Tesla fell more than 5 percent price, according to estimates from Ihor Dusaniwsky, S3's head of predictive analytics. The stock TSLA, -6.92% was down as much as 10% in early trade, trading as low as $252.25. 

This stock has had plenty of drawdowns like this. Every time, it bounces back. Let's see if this time is different.

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8 minutes ago, 李伟王芳 said:

Short sellers betting against Tesla made more than half a billion off the stock's slide on Friday. After a video showing CEO Elon Musk smoking pot on a podcast surfaced and a pair of C-level executive resigned, those betting against the company raked in $510 million in mark-to-market profits as Tesla fell more than 5 percent price, according to estimates from Ihor Dusaniwsky, S3's head of predictive analytics. The stock TSLA, -6.92% was down as much as 10% in early trade, trading as low as $252.25. 

As TSLA hoovers around $250, those dreams of $420 are long gone. The shorters are all laughing

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Just weird. You can't go an hour or two without getting high? I mean, it was either a purposeful publicity stunt or an inability to self-regulate--you don't just casually think to yourself mid-interview...hey, I think I'll light up now. Either way, this doesn't bode well for Tesla. 

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5 minutes ago, Meanwhile said:

reminds me of Trump. But much nicer accent

Trump and Musk do share some traits. But Trump has never smoked a cigarette, has never used any illegal or 'recreational' drug, and has never had a drink of alcohol in his life.

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Just now, JohnAtronis said:

Trump and Musk do share some traits. But Trump has never smoked a cigarette, has never used any illegal or 'recreational' drug, and has never had a drink of alcohol in his life.

And that's why I wouldn't trust Trump

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7 minutes ago, JohnAtronis said:

Just because something is legal, does not make it wise. Brilliant guy with no control over his immediate impulses. Not good CEO material. But his cult following will never get that.

 Musks personality is the reason he has been successful . He would not be in this place he is if he was normal .

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A large number of people have a financial stake in Tesla failing, starting with short sellers, oil companies, other car manufacturers, car dealers who will be put out of business if the Tesla way prevails. This may explain all the negativity directed at Musk who is absolutely essential to the success of Tesla.

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It was a choreographed publicity stunt.  If you doubt me you can stop talking about it anytime now.😉  

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5 hours ago, Mike Marcellus said:

It was a choreographed publicity stunt.  If you doubt me you can stop talking about it anytime now.😉  

(crickets)

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As a Tesla Supporter, I am deeply puzzled, and disappointed by Musk’s recent actions. Leadership is such a critical function for a successful business. If this is the real Musk, I’m Not impressed, and have doubts about his level of wisdom to successfully lead his businesses.Workers need to have confidence in their leaders.

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10 hours ago, 李伟王芳 said:

Short sellers betting against Tesla made more than half a billion off the stock's slide on Friday. After a video showing CEO Elon Musk smoking pot on a podcast surfaced and a pair of C-level executive resigned, those betting against the company raked in $510 million in mark-to-market profits as Tesla fell more than 5 percent price, according to estimates from Ihor Dusaniwsky, S3's head of predictive analytics. The stock TSLA, -6.92% was down as much as 10% in early trade, trading as low as $252.25. 

and if I didn't say so earlier, I should have. BEST thread title EVER!

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The Elon Musk theme song:

https://www.youtube.com/watch?v=MNKL9onYB_8

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my opinion of Elon Musk has improved

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21 hours ago, Cokiga Damke said:

A large number of people have a financial stake in Tesla failing, starting with short sellers, oil companies, other car manufacturers, car dealers who will be put out of business if the Tesla way prevails. This may explain all the negativity directed at Musk who is absolutely essential to the success of Tesla.

 

22 hours ago, 李伟王芳 said:

Short sellers betting against Tesla made more than half a billion off the stock's slide on Friday. After a video showing CEO Elon Musk smoking pot on a podcast surfaced and a pair of C-level executive resigned, those betting against the company raked in $510 million in mark-to-market profits as Tesla fell more than 5 percent price, according to estimates from Ihor Dusaniwsky, S3's head of predictive analytics. The stock TSLA, -6.92% was down as much as 10% in early trade, trading as low as $252.25. 

The Shorts knew that this day was coming, and kept doing short-sales in expectation that, some day, Tesla would crack. Now that the first big crack has occurred, albeit fortuitously, the shorts will pile on yet once again, expecting further cracks.

What keeps Tesla afloat is the remarkable patience of some very big hedge-fund and private-equity buyers, who have pumped in astonishing, indeed staggering, sums, and for the most part have stayed the course.  Some private capital in those funds has started to outflow, albeit very slowly, so as not to collapse the price which is largely determined by the faith-buyer crowd.   Those buyers have limited capital and any attempt to unload a large position would crater the stock. 

What I hear, some 25% of Tesla shares in the market are shorted.  It must be the highest-shorted stock in the USA, if not the world.  Still, despite that pressure, until this time Tesla has withstood the pressure. 

My guess is that Tesla will finally crack, as the accounting value of the stock is perhaps six dollars fifty cents. That would represent residual goodwill on the balance sheet. 

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On 9/7/2018 at 1:20 PM, 李伟王芳 said:

Chief Accounting Officer Dave Morton for now. Some others announced the same. The company's HR boss Gaby Toledano reportedly won't return for a leave of absence she took last month

Musk revamped the wrong position in the company, would have been an better trading day if he replaced himself....re-org from the top down, not the middle

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