Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla

Post by MagnumOpus » Tue, May 18, 2021, 9:30 AM UTC

xedeon wrote: post #275

rsj_hn wrote: post #272

Earlier quoted context omitted.

> Even if you round up $39K to 40K. It's still a far cry from your initial $50k assumption. Tesla 3's ASP was ~60K in 2018 https://cleantechnica.com/2018/08/23/tesla-model-3-average-s... That was the latest data I could find and I decided to give them a break. You will find in analysts calls a number of 50K is a common estimate. > Numbers don't lie. Agreed

From starting price now to ASP. What's next? That's some mental gymnastics going on there. FYI there has been several price cuts since 2018. > Agreed So... Do you have that calculation handy where a Camry/Accord cost less to own after 5 years? I would love to see it, so we can compare notes.

Post by rorykoehler » Tue, May 18, 2021, 11:11 AM UTC

turbinerneiter wrote: post #15

Teslas price is just too high. I think they will be very successful and become a big, dominant car maker. But their price only makes sense if they end up being the only car maker left. That's not realistic. Building an electric car is not that hard, especially if Tesla already did all the hard lifting for you. For a while I was thinking that the battery play - becoming the number 1 battery supplier - will justify the…

Post by epistasis » Tue, May 18, 2021, 2:10 PM UTC

batmenace wrote: post #280

epistasis wrote: post #48

Earlier quoted context omitted.

There's also solar, in addition to storage. All three technologies are really key parts of the future, and controlling that aspect of the suburban home energy profile have absolutely huge synergies. As we get to higher penetration of renewables, our grid will change from the current model of supplying whatever power is demanded, to a far more two way mode where excess supply will drive time-shifted demand. Right now…

That may be true for car makers, but in the energy world, other than some battery storage projects, Tesla is really not a major player at all, and there is an endlessly long list of companies that are more meaningful for this market and better able to take advantage of the increased renewables rollout around the world.

Post by xedeon » Tue, May 18, 2021, 6:10 PM UTC

MagnumOpus wrote: post #281

xedeon wrote: post #275

Earlier quoted context omitted.

From starting price now to ASP. What's next? That's some mental gymnastics going on there. FYI there has been several price cuts since 2018. > Agreed So... Do you have that calculation handy where a Camry/Accord cost less to own after 5 years? I would love to see it, so we can compare notes.

Independent of whether you are right or wrong, your tone makes you look like an asshole. Please moderate it. Your "sealioning" debate strategy does not help you either. (The other posted also talked about ASP of Toyotas, so his comparison was fair btw.)

Post by arcticbull » Tue, May 18, 2021, 7:10 PM UTC

mypalmike wrote: post #196

AlanSE wrote: post #168

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Fascinating subject. I also just want to mention why it makes sense that people SELL put options, in addition to buying them. If you sell a put option, then you have the obligation to sell in the future at the fixed price, regardless of the market price at the time. However, many of these positions are "covered", meaning that someone can sell a put option while owning as many stocks as they sell in options. So if the…

> these positions are "covered", meaning that someone can sell a put option while owning as many stocks as they sell in options A covered call is where you sell options backed by long shares. A covered put is backed by short shares. A common way of selling puts without shorting the underlying stock is just having enough cash on hand to buy the underlying asset if the option is exercised. And yeah, some small investor…