Tesla dirt magnet

Looking for Tesla stock volume, Mr. Google sent me here:
TSLA : Summary for Tesla, Inc. - Yahoo Finance

It is too soon to say but it seems to be filled with Tesla "bad news" and scrapes the bottom of the pail.

My favorite: Steve Bannon: Elon Musk is a ‘man child,’ and top tech leaders are ‘sociopaths’ - MarketWatch

Former White House strategist Steven Bannon slammed high-profile tech executives in an interview with CNN’s Oliver Darcy on Wednesday . . .

‘Tesla is out of control. The board of directors have no control over the CEO. The CEO essentially lies. He flat out lied about securing funding. He then has an emotional breakdown with the New York Times. This is the level of maturity you have with these people. They are not mature adults. They are all man childs. How can they have this unlimited power? It’s outrageous.’​

BRUU HAHA!!

Bob Wilson

 

A funny thing happened since Q2, the 'shorts' became more vociferous:

• 'complaints about spending' - yet the 'shorts' never acknowledged the spending was to build out the capital infrastructure and handle employee training. This critical omission 'perked my ears up' because it reminded me of the 'hybrid premium' we've heard since the first Prius arrived.
• 'complaints about Musk' - the problem is he is like Steve Jobs and in my working career, me. I don't expect an OCD leader to be a 'nice guy' with love and flowers for everyone. After all, look at our President, his people, and the leaders of the Senate and House. Scum, they make Musk a paragon because he sees something beyond the next 'art of the deal.'
• re-read SEC filings, all of them - the gross margins on the Model S/X are 28%.
• Munro reports 30% margin on Model 3 - Tesla is in a position to make ~5,000 Model 3 at ~$57,000 each. Given 12 weeks per quarter, 12 * 5000 * $57000 * 30% ~= $1.03 B operating profit not counting the Model S/X.
• Approximately 60,000 Model 3 for Q3 - well less than the most pessimistic 400,000 outstanding pre-orders.
• No volume competition - lots of PowerPoint, YouTube, press releases, and prototype press days with no product. Heck, Hyundai/Kia are the closest and their products . . . I would wish on a 'short'.
• Elon's trick - he has noticed that every time he tweets something that spins up the tweeters, it gets picked up with fresh calls to remove him. The stock goes down ~5% and becomes much more affordable. That is the time to buy low . . . did Elon buy more Tesla stock recently?

So I'm content to wait until the Q3 report and later. Then there is that other thing.

I noticed there appears to be two, reconciliations every month, 15th and 30th. There is a pattern that TSLA reaches a local minimum before each of these dates followed by a local maximum after these dates. A type of 'pump and dump', it looks to be a pattern that would easily pick the pockets of the unwary.

There will be another cycle the middle of September but by the end of September, even the sophisticated 'shorts' will realize the jig is up: As Tesla shares fall, Amazon takes over as most shorted U.S. stock | Reuters

Bob Wilson

 

The "not mature adults" is a Steve Bannon quote I shared and does not in any way reflect my opinion . . . well Steve Bannon and his ilk, maybe.

Bob Wilson

 

I was looking for stock volume and found below the chart a lists of negative stories about Tesla and Musk.

I suspect these were just ordinary string-matching searches from various financial feeds. So Yahoo could have been sandbagged. Regardless, I was surprised by the number . . . none of which applied to my approach. It kinda reminds me of a super market tabloid.

Bob Wilson