What makes you say that Brendan? I think there has to be more to it than Musk not wanting to let SCTY go belly up. If it was that simple, he'd probably be violating some kind of laws with all his holdings... he's supposedly all about SpaceX, so why risk his reputation or even possibly freedom with a haphazard plan?
Weekly chart. If it's in Stage 3 (http://www.swing-trade-stocks.com/stock-market-stages.html), then today was just a small sample of what's to come. It's definitely not in Stage 2.
Wasn't the period for 2014 and up to mid 2015 pretty much Stage 3, with the 50% decline from ATH into Feb 2016 being Stage 4? This decline so far still seems like it could just be the down part of an impulsive wave up from the lows... kind of like after its initial surge in 2013.
You're probably right though. It's now under the trend line it bounced off earlier, so guilty until proven innocent.
Oh, no, I'm good. I did make a small call bet that got destroyed, but I also got more puts a little later once I saw it was under the trend line again.
Yes without significant catalyst TSLA will see $175 near term. Could find $140 again, I seriously doubt lower.
My Jan 20 $220 call is looking good today. ‘Tesla Solar’ Wants to Be the Apple Store for Electricity The SolarCity deal isn’t only about putting panels on your house. Tesla Motors Inc.’s bid to buy the biggest U.S. rooftop solar installer has little to do with selling cars. Rather, it’s about solving two of the biggest problems standing in the way of the next solar boom. And perhaps a good deal more. When Chief Executive Officer Elon Musk came out last week with his $2.86 billion plan to acquire SolarCity Inc., it was almost universally derided as a risky financial move that threatens to derail the electric car maker at its most critical moment. That’s undoubtedly true. But in the dozens of analyst notes and news stories that picked apart the deal, there’s been little attention paid to what we’ll call “Tesla Solar” and how it could transform the power sector. It’s actually a really big idea. Read more: http://www.bloomberg.com/news/artic...r-wants-to-be-the-apple-store-for-electricity
Down 3% AH. U.S. opens investigation into fatal crash in Tesla (Reuters) - The U.S. National Highway Traffic Safety Administration said on Thursday it is opening a preliminary investigation into 25,000 Tesla Motors (TSLA.O) Model S cars after a fatal crash involving a vehicle using the "Autopilot" mode. The agency said the crash came in a 2015 Model S operating with automated driving systems engaged, and "calls for an examination of the design and performance of any driving aids in use at the time of the crash." It is the first step before the agency could seek to order a recall if it believed the vehicles were unsafe. (Reporting by David Shepardson; Editing by Chris Reese)
A bit more details (from http://www.theverge.com/2016/6/30/12072408/tesla-autopilot-car-crash-death-autonomous-model-s) MBLY also took a hit. The car could not see against a brightly lit sky...And thought a sideways trailer was a road sign...
the market is clearly overreacting to the news. People aren't going to stop buying tesla because of a hard to detect/rare incident.
If vehical manufacturers' stocks dipped every time a car accident involving their cars happened, they'd all be penny stocks.
What a come back. Gap has been filled. Sold my calls little too early but still made some decent profits.
Sounds like a combination of a freak accident and a flaw in the sensor system. Its terrible news, but also good in that it was discovered and can be fixed.
Tesla Q2 2016 Vehicle Production and Deliveries PALO ALTO, CA -- (Marketwired) -- 07/03/16 -- Tesla (NASDAQ: TSLA) produced 18,345 vehicles in Q2, an increase of 20% from Q1, and exited the quarter consistently producing just under 2,000 vehicles per week. Due to the steep production ramp, almost half of the quarter's production occurred in the final four weeks. With continued productivity improvements, Tesla expects output to reach 2,200 vehicles per week in Q3 and 2,400 vehicles per week in Q4. Current order rate trends and backlog support production at those levels. In total, Tesla expects to produce and deliver about 50,000 vehicles during the second half of 2016, approximately equal to all of 2015. Due to the extreme production ramp in Q2 and the high mix of customer-ordered vehicles still on trucks and ships at the end of the quarter, Tesla Q2 deliveries were lower than anticipated at 14,370 vehicles, consisting of 9,745 Model S and 4,625 Model X. In total, 5,150 customer-ordered vehicles were still in transit at the end of the quarter and will be delivered in early Q3. That amount was higher than expected (there were 2,615 vehicles in transit to customers at the end of Q1) and is more than a third of the number of cars that completed delivery in Q2. * * * * * There may be small changes to the Q2 delivery count (usually under 1%), as Tesla only counts a delivery if it is transferred to the end customer and all paperwork is correct. Tesla vehicle deliveries represent only one measure of the company's financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles. Forward-Looking Statements Certain statements in this press release, including statements regarding future vehicle deliveries and vehicle production rates, are "forward-looking statements" that are subject to risks and uncertainties. These forward-looking statements are based on management's current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information. Source: Tesla Motors, Inc. News Provided by Acquire Media
