Just sold my Ferrari to buy more TSLA

Bet the tesla get more ladies then the Ferrari any way..

 

TSLA stocks are crashing.


Tesla on track for worst month EVER as Elon Musk company shares plummet 25 percent

ELON Musk’s Tesla is on track for its worst month ever as the car company’s share price is down almost 25 percent this month following a string of recent problems.

Tesla stock is down 24.86 percent in March and shares have fallen 17.21 percent in the quarter.

A negative analysis from Citigroup as well as a hedge-fund manager predicting it will be bankrupt within four months have had an impact on Tesla's share price.

The news comes after two investigators from the National Transportation Safety Board (NTSB) reportedly went to the scene of last week's fatal Tesla Model X crash which killed 38-year-old driver Wei Huang.

Mr Huang was pulled from his vehicle but died later in Stanford Hospital.

This week Tesla is down 14.51 percent, with shares on track for their worst week since February 5, 2016.

Tesla has said the firm was assisting with investigations as a spokesman defended the company’s Autopilot technology.

Moody’s Investor Service also downgraded Tesla's credit ratings on Tuesday and changed its outlook to negative from stable, citing "significant shortfall" in the Model 3 production rate and a tight financial situation.

And the agency lowered its corporate family rating on Tesla to B3 from B2 and downgraded its rating on the company's senior notes to Caa1 from B3.

Tesla has repeatedly pushed back its target of producing 5,000 Model 3 cars a week – a goal it had hope to achieve by the end of last year.

Moody's said in a release: "Tesla's ratings reflect the significant shortfall in the production rate of the company's Model 3 electric vehicle.

"Tesla's rating could be lowered further if there are shortfalls from its updated Model 3 production targets."

Financial firm Morgan Stanley echoed Moody’s concerns as it warned that Elon Musk’s car company needs to accelerate its Model 3 production rate to accelerate its Model 3 production if Tesla wanted to raise funds to an attractive price.

Morgan Stanley analyst Adam Jonas wrote in a note to clients on Wednesday: "A sharp drop in Tesla's share price in part reflects questions on Model 3 ramp … an event that directly impacts both the company's near-term cash needs and ability to potentially access the market for capital.

”A lower share price begets a lower share price… For a company widely expected to continue to fund its strategy through external capital raises, a fall in the share price can take on a self-fulfilling nature that further exacerbates the volatility of the share price.

"The precise timing of when Tesla can achieve a 2,500/week and then a 5,000/week production run-rate for its mass market sedan can make the difference between whether Tesla is potentially raising capital from a position of weakness at a price near our $175 bear case or whether it can access capital from a position of strength with a stock price near our $561 bull case.”

https://www.express.co.uk/news/world/938679/tesla-stock-plummet-elon-musk-car-company-worst-month-moodys-citigroup-morgan-stanley

 

a lot of people are shorting Tesla now that it broke 300, 260 etc.
IF, and admittedly it is a big IF, Musk pulls another rabbit out of the hat, and makes some kind of announcement that the media (most often in collusion with short sellers) actually print, and the stock starts rising, it will then sweep up these shorts and force them to buy back the stock and push it back towards the highs.

that would be funny

 

Musk has been pulling rabbits out of the hat for sometime so nothing would suprise me. Tesla has always been over leveraged and under capilalized. Where is JerryZ (OP) to put some kind of favorable spin on this news when you need him?

 

I was reading today that if tesla doesn't start filling those model 3 orders, the company could be bankrupt by the end of the year.

 

Surprised Jerryz is not coming to Tesla’s rescue right now lol


Sent from my iPhone using Tapatalk

 

Ahh not to worry 'it's fake news' of course LOL

 

Just to update...

Tesla closed most recently at 266.13 (excluding after hours drop of 2.5%). $0 in dividends since inception. Up 35% since thread started.

VOO closed at 242.08 most recently. Another $2.27 in dividends since November 2017 on top of the other $14.74 so total $259.09. Up 55% since thread started.

Market still way better than playing this individual stock and again with a lot less volatility and it actually pays dividends.

 

I drive both the Tesla S and X. I would consider a X for my wife but she is not a car enthusiast at all. Tesla though fast and attractive to me seem contain absolutely no soul when driving. It's also a sedan and the handling just doesn't turn me on at all.

 

Fair point. The stock specific risk on Tesla is significantly higher than other auto stocks and other single names from the broader market as seen through the inied and realized volatility.

On top of that, Incidentally, Ferrari stock up well over 100% since it's IPO in October 2015.

We could have easily have had an equally silly titled thread that said, "Sold my Tesla and bought Ferrari stock in October 2015".





Sent from my Pixel 2 XL using Tapatalk

 

Yikes...so it appears the Model X that crashed into the median was on autopilot and the hands were off the wheel for 6 seconds per a Tesla statement released late yesterday. http://money.cnn.com/2018/03/31/technology/tesla-model-x-crash-autopilot/index.html

While autopilot could reduce overall % of crashes, how many of those would fatal? I can see autopilot preventing/reducing small fender benders, but no lives would be saved in that case anyway. But when it drives the car into a median not allowing passenger survival...there is a problem. Fender benders are way more frequent than that...

 

Exactly

 

Tesla has taken on way too much.They should have focused on fewer products and outsourced autonomy.
They have no gross margins to speak of so how will they generate cash on an income basis to get out of this
pickle I'm guessing the financial people leaving is very telling.Once they have 2 or 3 quarters of model 3
production they're gonna have to prove it's profitable - if the can't then the end is imminent just IMO

 

Lol didn't they just approve the largest payout to a CEO (Musk) in the history of corporate world? Should be saving their pennies then..hehe.

 

Ladies, maybe.
Skanks or golddiggers?
No way....

 

Didn't hear that one yet. Interesting if true.

 

It's incentive based and he needs to meet 12 goals over time, which I doubt he will based on how things are going: https://abcnews.go.com/Technology/wireStory/tesla-shareholders-vote-elon-musks-ambitious-pay-package-53907526

 

Nothing but respect for Tesla and Elon but I am holding out for as long as I can before going electrical or hybrid.

 

How many cars do they have to sell to cover the debt they have now?

 

Elon Musk pay package announcement is just a dog and pony show to prop up the share value - IMO

 

Telsa will fall waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay short of making Model 3's. Wall Street investors will tan their hides.

Few people are talking about it but Chevy is quietly stealing their sales.

https://www.bloomberg.com/news/articles/2018-01-03/gm-s-bolt-doubles-nissan-leaf-sales-as-chevy-ev-chases-tesla

 

Today is the last day to order a Tesla and be guaranteed the full $7500 federal tax credit.

 

Just went to a Porsche Experience for the Mission E. The invitations went to people who had already put a deposit down to order a car. While standing in line talking to others waiting for a ride in a Panamera Hybred Turbo S, after having heard a Mission E presentation I was surprised to hear most in line were current Tesla owners. They were planning to sell the Tesla and replace it with a Mission E.

The Porsche presenter indicated the base price would be around $85k and go up from there depending on an extensive list of options. Also indicated Porsche/VW was planning on a large infrastructure of charging stations. I believe VW has already committed to spend a huge chunk of money in the US as recompense for the "Diesel gate".

Wonder what that will do to Tesla Model S sales when the Mission E becomes available in the 4th quarter of 2019. Special orders will start in the 1st quarter of 2020. My thought is Porsche will have a much better product than Tesla at least for the higher end market. Maybe then Tesla will be able to push out the model 3 cars if GM has not put a dent in that market for Tesla?