Yes but that was then and tis is now. Back then, my TSLA capital was being invested in my solar roof project: I had a substantial payment to make so investment cash was 'thin.' However, the Permission To Operate has been delayed (foul weather and the usual excuses) so I had the final payment wasting time in the savings account. I've been asked by the contractor to 'let them handle it' which is code for 'sit on your hands.' A miracle might occur and the last payment become due. I can send them a teller's check and then take profits clearing the short-selling position. 'Pigs get fat but hogs get slaughtered.' Bob Wilson ps. I notice many of our MAGA-friendly folks seem to live in the past and not think much about the current reality and credible plans for tomorrow.
I see from email ads Tesla now includes lifetime free charging on the cybertruck to the original owner. The way that thing sucks down electrons, that incentive might be pretty enticing although the Ramcharger plug in pickup is still our go-to in the hopefully not-too distant future. The other thought is that's got to irk current owners ... no pun intended .
Lifetime is dependent on their definition, not what you might think it is. I'd read the contract carefully. If the company doesn't survive or declares bankruptcy, it's gone.
Think of GM's bankruptcy. Nobody lost their warranty so, don't pass on fake news or no one will believe a thing you say. .
But wasn't that because the Govt bailed GM out when they were going belly up ..... do you think the Govt would bail out Tesla if it went belly up ...... ah, wait ..... yeah, forget I asked .... T1 Terry
I remember a far-off past where some people in this thread felt differently about shorts.....but to each their own! I do not think TSLA will be going bankrupt any time soon although I'm completely ignorant of their financial underpinnings, but even with plunging profits for 2024 they're still making and delivering 1.6 million vehicles a year and they're making something else..... ...a profit.
A company with 15 to 20 billion cash on hand is far from bankruptcy Tesla Cash on Hand 2010-2024 | TSLA | MacroTrends Even at ½ that amount .... & it likely gauls the new breed of haters no end. Maybe the company will jettison musk ..... like the Donner party, eat the fat guy first so the rest can survive. .
Back when Elon wasn't distracted and decided to convert Tesla into a company making stuff I have no interest in buying. If others think TSLA is a great stock to own, no problem from me. Last year, I sold all my Tesla stock and had a big wad of cash. So I decided to re-invest in home solar. But the project ran into a delay and I still had a pile of money: Put it in a savings account - inflation too high Put it in another stock - only Chinese EVs look interesting Put it in commodities - tried gold but barely got out even Short sell - well if you know a company is headed for 'bad times', easy decision I play craps which also has PASS, COME bets and DON"T PASS, DON'T COME and I play both. It minimizes the house advantage and sometimes I leave with more than I came in with. Sometimes I don't. Bob Wilson
Personally I don’t like shorting stocks. I also believe if Tesla can course correct, they have a very bright future. However, I see no signs of a course correction. If I were to place a bet on TSLA going up or down over the next 2-3 months, I would bet down.
It is getting late. The chairman of the board of directors also sold a lot of her stock. Could be she needed that cash and that is the only way you make a profit with TSLA stock. Sometimes people do the same thing for different reasons. Bob Wilson
20 billion in cash is nothing when Musk wants to build a new mega factory in Texas, and another in India. Maybe Mexico, if they decide to go that route they had planned a few years ago. Just two of those will do the job to fully erase the 15-20 billion. With double digit sales drop offs in every country (except GB), and the stock down 50% from a couple months ago, building extra factories in the current climate (financial or political) could amount to business suicide. Germany sales this quarter are off 70%, if one is to believe the press (note: it might not be that bad -- but it is bad). But the combined risks that T is delicately balancing on with that guy in charge, there could be a case, and not too long from now, that T can lose the market, or worse. They aren't working very smart, as of late. 20 billion used to be big money. It isn't.
Leadership: Project manager, Dan, left a NASA support contract and turned it over to his second, Mike: Dan's favorite phrase was "Facts and Data" so when a problem occurred, he formed action teams of the best from each department. We met, discussed symptoms, and proposed actions. The meeting ended and we went to perform our individual support and diagnostic tests. Mike took over and there were only two subsequent meetings before the 'invisible walls' went up again. Instead of collaboration, there was more 'toss the problem over the fence'. Project manager, Wayne, retired and turned over to his second: Wayne played his subordinate leads like a bawdy house piano. He put supervisors in positions where their strengths worked and weaknesses had little opportunity. His second did not understand how to play the staff piano and it soon descended into cacophony and we lost the contract. Company CSC had the policy of hire the cheapest and rapid turnover. They tried to cull down their workforce but only drove off the skilled. Mike a brilliant engineer I met at GE, left CSC with defensive mental problems that made his brilliant work difficult to implement. Eventually, he had an epiphany and became much better with improved hearing. General Electric had mixed divisions and remote sites. The good ones focused on their business and neutron Jack kept his cotton picking hands off. The others, I was part of Space Division, had parts where one team was making product while others were taking them down. A good leader treats his company as a 'gang' and plays his staff to complement their strengths and minimize opportunities for venal actions. A bad leader thinks they can fire their way to excellence and hire the mentally and morally handicapped. The difference, bad leaders drive off their over achievers who go on to form their own companies or work where they can excel. At one time, Musk was a reasonably good, engineering manager: The Anti-Handbook Handbook at Tesla The handbook is a 4 page document, with the following key message: We are Tesla. We are changing the World. We are willing to rethink everything. Trust. We give everyone who joins our team a lot of trust and responsibility. We operate with the assumption that everyone will do the right thing, including you. Communication. Anyone at Tesla can and should email or talk to anyone else (including VP or Elon) according to what they think is the fastest way to solve a problem for the benefit of the whole company. Your #1 job – everyone’s #1 job – is making this company a success. If you would like feedback or any other input from your supervisor, take initiative and ask. Make sure you are having fun at work – meet new friends, push yourself in new ways, try new things. That is not how he works today and the results show it. Bob Wilson
Although there are a lot of negative indicators, I don’t feel this is one of them. I would need more context. For example, is it more than executives typically sell to cover taxes or buy a new home? From anecdotal evidence, I personally know 5 people (6 including me) that have sold their Tesla as a result of Musk. I have also seen sales plummet, and no PR or explanation from Tesla to combat this. I have no faith in Tesla right now, nor do I want to give them free advertising, so I switched to another EV.
I chose my Chevy ZR1 over the new Tesla Roadster...because the Roadster wasn't available yet...and still isn't. That said, as bad as Chevy is...my ZR1 is worth "considerably" more than I paid for it 6 years ago. Who anyone voted for had nothing to do with any of this.
Officers directors & large % shareholders are restricted by SEC how often they can sell/buy stocks w/o violating short sell rules.
