Let's go ahead and freebase politics for a bit. I think Democrats are more likely to slow the adoption of FSD than Republicans would have been. Democrats will approve FSD based on fear that other countries will get there first more than any moral or safety ground. On the other hand, Republicans who are now friendly to FSD will do everything they can to slow down adoption, once they realize Tesla is going to put other automakers out of business with it. If any party has an M-O of trying to protect obsolete, dying, industries, it's the Republican party. Meanwhile in Europe, they are still not sure fire and the wheel are going to work out all that well. Asia is an interesting area. Korea - Likely to block it until their own manufacturers catch up. Japan - Likely to allow in geo-fenced areas, so their own manufacturers can compete. China - Their regulation could go either way from block to early adopt but I think it's more likely to early adopt. South America - I expect SA countries to adopt somewhere mid pack. I don't know how disruptive FSD will be in SA because they can't afford many Teslas in SA and labor is so cheap it probably will probably have medium impact. Africa - I'm sure Tesla will sell a decent amount of FSD cars in Africa to the wealthy elite but I don't expect much impact to the economy. The bulk of the population is busy hunting for cobras in the bush to make snake soup and provide boots for Texan oil barons. India - FSD is so far from relevant in India, I don't know why Tesla would even establish sales in the country. They can buy a Tata new for something like $1800 and hire a slum dog to drive for a nickel per day.
So Michigan congress has voted to make it illegal to bypass the archaic dealerships again. Circumvent supreme court order i guess, by changing the verbiage of the law? We all know that was lobbied from detroit. I think thats a testament to how threatened legacy automakers feel by tsla. Back to a few posts up about legacy surviving....
Even though I love Tesla and hold a ton of it, I'm not sure this is the worst thing. Legacy auto needs to be defended to have a small chance of survival. If any place is to defend them, surely it would be their own state. I'm not saying it's morally right.
Frustrating, but I understand it. My brother works IT in a dealership, they employ A LOT of people. If consumers were able to simply bypass dealerships, there would be a lot of unemployed people!
Volume is quite low, perhaps calm before the storm. I bought a DEC 11 2020 $600C on the dip today and can't wait for the next week.
I admit, i bought a $595 call as well. Dec 18. I just set a stop loss on it. Purchased at $39.22, stop set at $49.00. Its my first stop loss set. I feel savvy. and am riding me deep itm june $410 call purchased monday before announcement.
@leonx81 when did u purchase those jan 2023 calls? Relative to my 2021 cost, those seem a goldmine and i thought i got a good price!
Was just doin some charting today. Do with this what you choose. Use it for entertainment purposes only if you wish. Big arrow thumbnail is trend since SP announcement. Lines drawn on phone. I know they are a little through some candles...
I have studied Tesla about as much as ive studied any company. Financials. News. Projections. Case analysis.... I've done it all and I dont have a clue what's going to happen with the stock price. Tesla could drop to $300 and I would still have performed amazing. At least, for longs like me who have been holding for five years.
You sir are the oracle, so i absolutely have even less idea. Lol. But i could see it dropping to $500 by feb and not be anything other than a channel. Or popping a new top again tomorrow. Any other time, i would say its at the top of a channel, but this dust wont settle until the week of 12-21, me thinks. Its a fun ride at the moment. I did close my shorter call though when it was approaching the $2k target i set. I posted 1k, but as it rose throught the day, i raised it to 2. But forgot to set it to gtc, so the limit expired yesterday. So i manually locked it in during the morning volatility and of course all this pop n drop chatter from me is for my options only. edit: tsla no dummies. They issued $5 billion cap raise today. They essetially are taking some profits. Lol. But i love it. It bought them another giga factory for 1% dilution. To reiterate, am long term shares fo liife!!!
SP is down due to the $5 billion capital raise today (less than 0.8% dilution). Wedbush analyst Dan Ives said that the new capital raise is another smart strategic move. Tesla Raising Up to $5 Billion in Third Share Sale This Year https://www.bloomberg.com/news/arti...to-5-billion-in-third-capital-raise-this-year Tesla sales in China came in at 21,604 in November, a huge jump from 12,143 in October, according to the China Passenger Car Association. https://www.investors.com/market-tr...nio-stock-coupa-software-stitch-fix-earnings/ I am still holding all of my calls and my $TSLA shares.
I think im the only one who isn't delighted with the $5B capital raise. If it was any other company, you would wonder who they are going to buy. With tesla, we know this means a new factory is about to be started. I love these guys. Tesla is a company full of world beaters. But, even tesla cannot do everything. At what point is it too many things happening at once? They have three major factory projects in progress, plus a ton of medium projects. There is the idea they could buy the north american component of fca but that would likely trigger unionization which they seem keen to avoid. Also, all this cash makes them susceptible to buy-out. When you buy a company, you get the cash so you can literally buy a company with their own cash. If someone, like google, gain control of tesla, that will be a terrible thing for planet earth.
