Tesla to cut thousands of jobs as Elon Musk warns the ‘road ahead is very difficult’

captain morgan

Hall of Fame Member
Mar 28, 2009
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A Mouse Once Bit My Sister
Maybe Hoid jumped out the window , shades of the Great Depression.


Could be.


What is totally mind boggling is how an already overvalued stock that was under $200 less than a year ago somehow quadruples on no news in an 8 month period.


Punishing the short sellers explains one action but whoever jumped the price would be suicidal in attempting to keep the price there for a sustained period
 

captain morgan

Hall of Fame Member
Mar 28, 2009
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A Mouse Once Bit My Sister
Article is from 2018 but you can bet that the short positions are hugely magnified with the current price of the stock.

https://www.forbes.com/sites/chuckj...ny-stock-followed-by-the-faangs/#383a64591573

Below is from nasdaq, current to Feb 11 (today) but does not include outstanding shorts

SETTLEMENT DATE -------SHORT INTEREST-------------AVG. DAILY SHARE VOLUME-------------DAYS TO COVER

01/15/2020------- 24,954,265------------ 18,352,669------------- 1.359708
 

petros

The Central Scrutinizer
Nov 21, 2008
108,912
11,193
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Low Earth Orbit
Jerking off the dog to feed the cat.

Elon Musk, short on cash, keeps borrowing more and more money even as Tesla stock surges

BY BLOOMBERG NEWS
ORIGINALLY PUBLISHED: FEB 14, 2020

Elon Musk has tapped banks for loans, using his stake in Tesla as collateral.
Aly Song/Reuters files

Tesla Inc. may be selling more stock to help fund its global expansion, but its billionaire chief executive officer is taking a different approach for his personal cash needs: he’s borrowing it.

Elon Musk has US$548 million in personal loans from Morgan Stanley, Goldman Sachs Group Inc. and Bank of America Corp., according to a regulatory filing Thursday, an increase of about 8 per cent since Tesla’s previous disclosure in May.

Tesla will sell about US$2 billion of common stock to help fund capital expenditures, the electric-vehicle maker said in the filing. Musk, 48, and fellow billionaire Larry Ellison, a member of the company’s board, have vowed to personally purchase US$10 million and US$1 million of shares, respectively
 

taxslave

Hall of Fame Member
Nov 25, 2008
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Still no word from hoid on how great an investment Tesla stocks are That 15% drop in one day has just got to be excellent for your portfolio.
 

petros

The Central Scrutinizer
Nov 21, 2008
108,912
11,193
113
Low Earth Orbit
Environmentalists...

A German court ruled this week that Elon Musk must halt his plan to clear a forest near Berlin in order to build Tesla's German Gigafactory. The court put the stay on Tesla while it considers challenges from environmentalists, according to Bloomberg.

That's right - Tesla was cutting down a forest to put up an EV factory - this is environmentalism in 2020.

The court issued an injunction against further construction after it overturned a lower court's ruling against environmental group Gruene Liga Brandenburg, who is looking to prevent Tesla from clearing the forest. The court is expected to render a final decision on the complaint in several days.

Joerg Steinbach, spokesman for the regional government said: "Tesla and the local government have already filed their response to the complaint and are now relying on the prompt decision of the court."
 

Hoid

Hall of Fame Member
Oct 15, 2017
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Tesla closed at $430 on the first trading day of the year.

It has doubled in value so far this year

Is that what you mean by "down"?
 

taxslave

Hall of Fame Member
Nov 25, 2008
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Tesla was over $900 a week and a half ago, took a major hit to the tune of $150. Now it has crawled back to around $850. If you think that is doubling in value this year you should seriously think about remedial math for dummies or sue your high school for gross negligence.
 

Hoid

Hall of Fame Member
Oct 15, 2017
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Investor Ron Baron is making a killing on Tesla. Here’s what else his fund is betting on
https://www.cnbc.com/2020/02/20/inv...a-heres-what-else-his-fund-is-betting-on.html

Billionaire investor Ron Baron is making a killing on his investment in Elon Musk’s Tesla. Here’s what else his firm is betting on to continue his winning streak, including some unusual names among its top picks.

Baron’s firm, Baron Capital, has a growth portfolio called the Baron Opportunity fund and Tesla sits in its top ten holdings. As of Tuesday, the fund, with about $438 million in net assets, is up 15.73% this year, beating the S&P 500 which is up about 4.7% in 2020 through Wednesday.

Tesla is 5.7% of the net assets in the Opportunity Fund, as of January 31.