Tesla remaining public

more proof of genius. none of this was unplanned.

 

Since the stock price went up in expectation of going private, I'd expect a big drop on Monday when the market opens. This being Tesla, it will probably rally because nothing that happens with this company makes sense

Posted via the PriusChat mobile app.

 

Nah the stock market already corrected for the momentary up-tick. Old news.

 

I read some of the shorters are now spreading this (FUD)revelation 'proves' Musk is a liar and how now everyone 'knows' this means the stock will dump into the 100's tomorrow - Monday. The retort to the shorters though is, "wooo hooo!!! i'LL be buying 1,000 shares!!

.

 

Remind me to apologize for my upper post if the stock is down big tomorrow.

 

Looks like down 3% so far, so less than I expected. I look at this as a measure of how much hope remained for the go-private deal to go through, and was expecting it to dip closer to $300, if not just under. The stock has been trading mostly in the $300-$350 range since I started paying attention, and figured this news would cause it to bounce off the bottom end of that range. It won't move out of that range without some significantly good or bad news. Real news, not some rumor on a blog somewhere.

 

day traders have been making a fortune

 

down 1% nothing compared to usual ups and downs

 

Look for the next big bounce upward at the beginning of October when Q3 results are announced. Increasing your position right now in the low 300's is a good way to make 10% to 25% on that investment in the next 6 weeks. THIS IS NOT AN ADVICE.

 

Hey look, my prediction eventually came true! But but probably more due to pedo-tweets than the end of going private.


I'm going to make a further and very specific prediction here publicly, because it's my way of testing my understanding of the stock market, and maybe somebody will be entertained either by my genius or my ignorance.

Here's the prediction: Tesla will be over $330 by September 14th, and this has nothing to do with the company and everything to do with investor psychology. All the bad news has been oversold, so it's going to bounce off the $300 level and regain some of the recent losses. Of course, this assumes no significant news that would drive the stock either direction, which I don't expect between now and the end of Q3.

 

Tesla announced today that it is reducing the cost of its post-delivery AutoPilot system from $6000 to $5500. The shorts will try to interpret this to mean Tesla is having trouble showing a profit for Q3 in an attempt to try to drive the stock down further.

 

there are no geniuses or ignoramuses in the stock market, just winners and losers betting the field.

 

That's good, because at the moment my prediction appears to be going up in smoke, rather literally. :-P

 

Tesla stock took a hit today because their Chief Accounting Officer (not the CFO) resigned after one month on the job. Here is his resignation letter:

“Since I joined Tesla on August 6th, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations. As a result, this caused me to reconsider my future. I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla’s leadership or its financial reporting.”

 

That and the CPO(?) is not returning from their leave of absence, but neither of those make for a good play on words. I don't actually have a problem with Elon smoking weed on a podcast by itself, but combine it with his recent twitter history and officers leaving the company, and it doesn't paint a picture of somebody in control of the situation.

 

Elon sent this note to employees today:


First, I’d like to thank you for your incredible efforts and contribution as we enter the final few weeks of this quarter. This is a very exciting time for Tesla, to say the least, and you are the reason for the tremendous progress we’ve made in a relatively short period of time. It is easy to forget that our company was almost unknown 10 years ago and didn’t even exist until after the start of the 21st century!

We are about to have the most amazing quarter in our history, building and delivering more than twice as many cars as we did last quarter. For a while, there will be a lot of fuss and noise in the media. Just ignore them. Results are what matter and we are creating the most mind-blowing growth in the history of the automotive industry. Even the Ford Model T, which held the world record for the fastest growing car in history, didn’t grow as fast in sales or production as the Model 3.

Moreover, we also have the most exciting new product lineup of any company in the world. There is the Model Y, the Tesla (pickup) Truck, the Semi and the new Roadster. Then there is the Solar Roof, which is spooling up in production, and continued advancements in Powerwall and Powerpack. And that’s just what people know about …

To help achieve our goals, after discussing this in-depth with the Tesla board of directors and executive staff over the past several weeks, I am excited to announce a number of management changes:

Jerome Guillen has been promoted to President, Automotive, reporting directly to me. In his new role, Jerome will oversee all automotive operations and program management, as well as coordinate our extensive automotive supply chain. Jerome has made major contributions and acquired deep knowledge of Tesla’s operations over the past eight years at our company, from being the first Model S Program Manager to managing all vehicle programs, then all vehicle engineering and worldwide sales & service. Recently, Jerome played a critical role in ramping Model 3 production, leading what almost all thought was impossible: creation of an entire high-volume General Assembly line for Model 3 in a matter of weeks. Before coming to Tesla, Jerome was responsible for creating and running the most successful semi truck program in history at Daimler’s Freightliner division.

Kevin Kassekert has been promoted to VP of People and Places, with responsibility for Human Resources, Facilities, Construction, and Infrastructure Development. Kevin has been with Tesla for 6 years and was previously VP, Infrastructure Development. Kevin led the construction and development of our Gigafactory in Nevada, turning what was a pile of rocks in the Sierra Nevada mountains into a factory employing 12 thousand people with greater output than the entire rest of the world’s battery factories combined, in roughly three years. That is insanely badass. Prior to joining Tesla, Kevin engineered and built multi-billion dollar production plants in the semiconductor industry. As many of you know, Tesla’s Chief People Officer Gaby Toledano has been on leave for a few months to spend more time with her family and has decided to continue doing so for personal reasons. She’s been amazing and I’m very grateful for everything she’s done for Tesla.

Chris Lister joined Tesla last year and was key to solving our production problems at the Gigafactory and ramping Model 3 production. He is being promoted to VP, Gigafactory Operations. In this role, he leads our production and manufacturing engineering at Giga. Before Tesla, Chris ran several ultra high volume factories at PepsiCo.

Felicia Mayo, Sr. HR Director and head of our Diversity and Inclusion program, has been promoted to VP, reporting to both Kevin and me. Felicia has done great work promoting the importance of having one of the most diverse workforces in the world and ensuring fairness across hundreds of roles and Tesla operations in over 50 countries. She previously worked in senior HR roles at PwC and Oracle, and, most recently was Vice President, Global Talent Acquisition and Diversity for Juniper Networks.

Laurie Shelby, Tesla’s VP, Environmental, Health and Safety (EHS) will also report directly to me. Your safety and just generally making sure that you love coming to work is extremely important, which is why EHS will report directly to me. We are working hardcore on having the safest (and most fun) work environment in the automotive industry by far. Laurie came to Tesla last year after a 25+ year career at Alcoa, where she made tremendous progress in workplace safety. Since joining, she has already overseen a reduction in our employee injury rate, as well as major improvements in our EHS program.

Cindy Nicola, VP of Global Recruiting, will report to both Kevin and me. Cindy has overseen the company’s global recruiting efforts since 2015, bringing on tens of thousands of highly talented people. Prior to Tesla, Cindy led worldwide Corporate Recruiting at Apple, and before that was VP, Global Talent Acquisition at Electronic Arts.

Finally, Dave Arnold has been promoted to Sr. Director, Global Communications, overseeing Tesla’s communications team. Dave was previously Director of Corporate Communications at Virgin America.

Thanks again for your incredible work in making Tesla successful. What you are doing is vital to achieving an amazing and sustainable energy future for all of humanity and life on Earth.

 

dark elon/bright elon, i like the juxtaposition. he is fine at steering the company, and letting others handle the details.