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Tesla stock explodes higher again, topping $900 per share

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Re: Tesla stock explodes higher again, topping $900 per share

#51
"Stock clears price threshold" stories are common and not intellectually interesting in their own right, so the threads always turn into generic discussion of the company and that's it. Typically, this doesn't make for a substantive discussion. Worse, it's the hottest/famous companies that generate these stories, so the threads get super repetitive.

For these reasons, stock price stories don't make good HN submissions.

Re: Tesla stock explodes higher again, topping $900 per share

#53
post #23
post #5

Earlier quoted context omitted.

So far he didn't do much space exploration, more like space littering

Your comment is so utterly embarrassing and uninformed that I don't have to take it seriously. Think about your life.

Please don't respond to a bad comment with another bad comment. That only makes the thread worse, and crossing into personal attack is a bannable offence here.

https://news.ycombinator.com/newsguidelines.html

Re: Tesla stock explodes higher again, topping $900 per share

#54

if your the market leader without competition on a large addressable market your valuation can essentially be infinite. But most stock trades are being driven now by low interest rates once interest rates become more sensible , we should see more sanity. but thats only half the story, low interest rates just create insane price pressure , there can be lot of +/- ve price pressure. The people on wall street have concl…

but, will interest rates ever become more reasonable again? the US fed and the feds across the world seem to be hell-bent on creating very high inflation. even now that we've had 2.1 and 2.4% inflation, apparrently that's not high enough even though they're supposed to keep it at 2.

Interest rates can be anything , the important thing is it should keep pace with asset/goods creation. Why do you think we just cant stop having real estate bubbles or governments are unwilling to regulate them. Real estate is a great asset creation machine.

Re: Tesla stock explodes higher again, topping $900 per share

#55

Earlier quoted context omitted.

As someone who was looking into the stock somewhat seriously way back then, I'll offer an alternative story. That was their first "profitable" quarter, for which they cashed in a bunch of single-use accounting gimmicks. The part that taught me the most at the time was that they then rapidly leveraged that huge rise to issue debt/equity at the new valuation. That cash infusion all but cemented what otherwise would've…

Fascinating. Where can I read more such analysis? About TSLA, but also just in general.

This was homegrown stuff we did; the credit bit is from their 2013 annual[0], under "Revenues -> Automotive Sales". This discusses the start of their credit sales. The 2013 Q1 [1] shows a ~11m net income; later, they discuss credit sales [2]. Then, the market went nuts over >0 net income: this 2013 article [3] seems like a reasonable summary.

You can find the reports from ir.teslamotors.com/sec-filings or the SEC's Edgar database.

[0] https://ir.teslamotors.com/node/12956/html#tx452995_10

[1] https://ir.teslamotors.com/node/13166/html

[2] During the first quarter of 2013, we recognized $67.9 million in ZEV sales, which contributed to our gross margin. ZEV credit revenue should decline in future quarters relative to our automotive sales as we grow our sales outside the United States and earn fewer credits on the 60 kWh Model S battery variant for those sales that occur in the United States. Other regulatory credit sales recognized during the first quarter of 2013 were $17.1 million. While we will pursue opportunities to monetize ZEV credits we earn from the sales of our vehicles, we do not plan to rely on these sales to be a significant contributor to gross margin, and our business model is not predicated on such ZEV credits."

[3] https://www.reuters.com/article/autos-tesla-debt-idUSL2N0DY1...

Re: Tesla stock explodes higher again, topping $900 per share

#56

Earlier quoted context omitted.

At $40 it was a question of valuation. At $900 it's overvalued, 98% of even tesla owners (like me) would agree. They have a fantastic future, their technology is world leading. The company even seems to be thriving. Remember the real goal is pull the other auto companies along in their wake to make more sustainable electric cars. They actually seem to be doing it. Let's see how it seems in another few years when ever…

That's how the current short-sellers have gotten themselves in trouble. They all thought that the stock was overvalued. It may be overvalued but there are enough buyers that are willing to bet that the stock can still go up. This is a stock that gets traded on things other than current value or even future value. This stock was at $215 less than 6 months ago. Wow....

The problem is that there really isn’t any data the stock trades on. Like — imagine if you were an insider trader. What number from inside the company would you consider the most valuable? Units sold? Revenue? I honestly wouldn’t even know what to ask that I could be certain would move the stock one way or the other.

Re: Tesla stock explodes higher again, topping $900 per share

#57

Earlier quoted context omitted.

Would it be worth shorting Tesla now at $900?

The squeeze aint over yet; 22% of its float is short [1]. We may see this pop into the 1000s by the end of the week. 1. https://www.gurufocus.com/term/ShortPercentageOfFloat/NAS:TS...

That 22% isn’t exactly capital that can easily be margin called. So much of it is quant funds, where it’s one of 100 short positions, and even the massive shorts like Chanos/Einhorn only have a few percentage of their funds in it

Re: Tesla stock explodes higher again, topping $900 per share

#58

This is a short squeeze. The people that shorted the stock are buying the stock to close their position and forcing the stock up. This has happened with Tesla before. The stock went from the 40s to over 100 in a very short time and never looked back. The stock will find a top and collapse a bit. But the stock price will end up higher than when it started the run. Those that shorted the stock before the run will never…

Would it be worth shorting Tesla now at $900?

Well, did you?
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