Lost 8/9 times shorting $TSLA (the one W was when COVID panic started to hit markets, so not really legit) kept me away from the Twitter trade. It was such a compelling legal special situation and I was pretty sure Delaware Chancery was going to uphold the sale, but seeing fElon weasel his way out of multiple outrages + all the L’s shorting spooked me.
I think you framed it beautifully - he is the world’s greatest stock pumper and once in a while makes some decent products. Still biding my time until I can exact financial vengeance, but TBH, I don’t know if I’ll ever have the courage when it comes.
XAI wanted to raise $10B in a secondary but ended up issuing $3B (maybe up to $5B) in debt at 12%. If they do merge with Tesla it will be two drowning fishermen trying to keep their noses above water
I do think that long term that is probably where it heads - simply due to the fact that the things they're trying to do are not easy and there are lots of other smart people working on the same problems - but I can also imagine that concurrent with a merger they also raise capital and then have runway to buy time. Of course all of this eventually puts pressure on the stock just from a supply/demand standpoint. But I do think they are not quite out of rope in terms of stories they can tell about the future.
I mean when I say any of this stuff, most people don't even know that Tesla sales are falling. They might think that some blue state buyers are unhappy with Musk, but they don't actually know much about the business. And that's the core customer for the stock.
Lost 8/9 times shorting $TSLA (the one W was when COVID panic started to hit markets, so not really legit) kept me away from the Twitter trade. It was such a compelling legal special situation and I was pretty sure Delaware Chancery was going to uphold the sale, but seeing fElon weasel his way out of multiple outrages + all the L’s shorting spooked me.
I think you framed it beautifully - he is the world’s greatest stock pumper and once in a while makes some decent products. Still biding my time until I can exact financial vengeance, but TBH, I don’t know if I’ll ever have the courage when it comes.
XAI wanted to raise $10B in a secondary but ended up issuing $3B (maybe up to $5B) in debt at 12%. If they do merge with Tesla it will be two drowning fishermen trying to keep their noses above water
I do think that long term that is probably where it heads - simply due to the fact that the things they're trying to do are not easy and there are lots of other smart people working on the same problems - but I can also imagine that concurrent with a merger they also raise capital and then have runway to buy time. Of course all of this eventually puts pressure on the stock just from a supply/demand standpoint. But I do think they are not quite out of rope in terms of stories they can tell about the future.
I mean when I say any of this stuff, most people don't even know that Tesla sales are falling. They might think that some blue state buyers are unhappy with Musk, but they don't actually know much about the business. And that's the core customer for the stock.
You'd like Denton's interview on Odd Lots re his takes on Musk and TSLA in context of product and China
Ha I did like Denton's interview. Although I am also conflicted. I guess I am enough of a U.S. homer that these Chinese EVs are truly scary to me.
I'm in Valleta Malta now and just saw my first BYDs in person