TSLA DOWN PRE-MARKET -20.41

[TruckElectric]

Market Summary > Tesla Inc
NASDAQ: TSLA

Closed: Sep 22, 8:24 AM EDT · Disclaimer
Pre-market 428.98 −20.41

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[TruckElectric]

TSLA Latest Pre Market Trades
Select time range to see more trades: LAST 100 TRADES

Pre-Market Time (ET)	Pre-Market Price	Pre-Market Share Volume
08:13:34	$427.50	5
08:13:34	$427.69	2
08:13:34	$427.69	2
08:13:33	$427.59	1
08:13:33	$427.50	1
08:13:33	$427.50	55
08:13:33	$427.34	39
08:13:33	$427.43	100
08:13:33	$427.45	1
08:13:33	$427.50	3
08:13:33	$427.50	100
08:13:33	$427.58	100
08:13:33	$427.50	45
08:13:33	$427.54	50
08:13:33	$427.55	5
08:13:33	$427.50	100
08:13:33	$427.50	200
08:13:33	$427.50	1
08:13:33	$427.55	69
08:13:33	$427.58	5

Source: The Naz(Nasdaq)

 

[ajdelange]

Back up to 434.50 at 9:11. It's going to be wild for a while.

I figure it will either go up, come down or stay the same after the announcements. I bought some yesterday. If it goes up I will congratulate myself for being such a clever guy. If it goes down I will buy some more thus getting a better average price relative to what I paid yesterday. If it stays the same, then it stays the same.

 

[TruckElectric]

Back up to 434.50 at 9:11. It's going to be wild for a while.

I figure it will either go up, come down or stay the same after the announcements. I bought some yesterday. If it goes up I will congratulate myself for being such a clever guy. If it goes down I will buy some more thus getting a better average price relative to what I paid yesterday. If it stays the same, then it stays the same.

I should have put my own take on this. Never take the Pre-Market as a gauge where the stock price will be after the market opens and where it will close.

My take is that it will end higher for the day, probably much higher because of Battery Day. The closer it gets to the time of presentation the higher the stock will go.

Just my take.

 

[Luke42]

My take is that Tesla is an inherently volatile stock, and that the battery day rumors are already priced into the stock.

Remember that a very large number of Tesla investors read the same blogs we all do -- and so all of the leaks and whatnot have driven a lot of stock purchases.

But it's also volatile. Tesla *is* a risky venture, being run buy a guy who's trying to gamble his fortune away on changing the world -- but who's smart enough to stack the deck. Also, Tesla's stock dipped after the CT reveal, and went back up after the earnings report. It's just a volatile stock, because nobody can really predict the future -- there's a good chance that Tesla will change the world, and make truckloads of money doing it, but Musk is not reluctant to bet the company on the next step, and one major sustained failure could put them out of business.

My guess is that Tesla is going to make a lot of money delivering the future decades ahead of schedule, at least to those of us who want to live in the future. I'm holding my stock and trying to avoid getting too engaged in the day-to-day variation in the stock price. But I also realize that this is a high-risk / high-reward guess.

Our household TSLA holding have appreciated about 6x since we bought it. It's *already* one of the most aggressive stock runs of my lifetime, even if the price is flat for a decade. But it's clearly a volatile and risky business to own, even if the rewards are looking pretty good at the moment.

 

[ajdelange]

If I want sound investment advice I go to my financial adviser (his advice had better be sound for what I pay him!). If I want to have some fun I go to the casino or to my eTrade account (about which my financial advisor knows nothing) which holds the Tesla shares. I do, of course, believe that between the cars, batteries, solar panels, AI, direct neural connections etc. and especially the current tiny penetrations of those technologies, that Tesla has a very bright future.

I too think the battery day revelations are already pretty much baked in but I also think the current volatility stems from RBG, COVID, corrupt banks, race riots, the election.... as from what Tesla has, when they will have it and what they will do with it. Markets don't like uncertainty.

 

[TruckElectric]

I can't agree that the Battery Day rumors are already baked in because their hasn't been any confirmation on at least some of the rumors.

CNBC says Elon dampened expectations :

Tesla shares sank more than 5% Tuesday morning after CEO Elon Musk sought to manage expectations ahead of the electric carmaker’s Battery Day presentation.

Musk’s company is expected to announce on Tuesday details about a new type of battery cell it has developed. Analysts had hoped the technology could help Tesla maintain its edge over rivals in the electric vehicle space, but Musk dampened such hopes Monday when he cautioned about hurdles to reaching mass production.

“Important note about Tesla Battery Day unveil tomorrow,” Musk tweeted, often his go-to for communications about the company. “This affects long-term production, especially Semi, Cybertruck & Roadster, but what we announce will not reach serious high-volume production until 2022.”

Musk said Tesla would increase battery cell purchases from suppliers Panasonic, LG and CATL but warned “we still foresee significant shortages in 2022 & beyond unless we also take action ourselves.” Tesla has built a prototype manufacturing line for battery cells at a lab in Fremont, California, near the company’s U.S. car plant.

 

[ricinro]

"CNBC says Elon dampened expectations :"

designing new tech and the production line takes time like fine wine. Still, less than two years to be in full scale production? This is good news for investors (long).

 

[TruckElectric]

But it's also volatile

At least part of the volatility has to do with Elon and his tweets. The stock took a major hit after Elon tweeted about his "funding secured" and taking the stock private. He got fined by the SEC $20M and lost his chairmanship.

Since then Elon has calmed down his tweets.

but Musk is not reluctant to bet the company on the next step, and one major sustained failure could put them out of business.

After watching Elon for several years I have confidence he can accomplish his goals(at least earthly goals), it may take longer than he plans but he will not give up until he has met his goal(s).

I believe Tesla has reached a point where they will not have many failures, and any sustained failures are unlikely.

I'm holding my stock and trying to avoid getting too engaged in the day-to-day variation in the stock price

That's what Warren Buffet does. He's in it for the long term.

But it's clearly a volatile and risky business to own, even if the rewards are looking pretty good at the moment.

I believe it keeps getting less risky as time goes by and Tesla keeps proving itself.

 

[TruckElectric]

"CNBC says Elon dampened expectations :"

designing new tech and the production line takes time like fine wine. Still, less than two years to be in full scale production? This is good news for investors (long).

And the market will figure that out soon enough.

 

[VolklKatana]

ouch, assuming we all took it on the chin today?

 

[Crissa]

At least part of the volatility has to do with Elon and his tweets. The stock took a major hit after Elon tweeted about his "funding secured" and taking the stock private. He got fined by the SEC $20M and lost his chairmanship.

Hit? Seemed like it's been up since. And it was later proven the deal did exist.

-Crissa

 

[TruckElectric]

ouch, assuming we all took it on the chin today?

Hit? Seemed like it's been up since. And it was later proven the deal did exist.

-Crissa

It did take a hit and Elon still got Fined by the SEC for $20M

 

[Crissa]

It did take a hit and Elon still got Fined by the SEC for $20M

Over what period? A day?

Ups and downs like that are how day traders make money. It has little to do with the company.

-Crissa

 

[TruckElectric]

Over what period? A day?

Ups and downs like that are how day traders make money. It has little to do with the company.

-Crissa

Elon Musk Charged With Securities Fraud for Misleading Tweets
FOR IMMEDIATE RELEASE
2018-219

Washington D.C., Sept. 27, 2018 —

The Securities and Exchange Commission today charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private.

On August 7, 2018, Musk tweeted to his 22 million Twitter followers that he could take Tesla private at $420 per share (a substantial premium to its trading price at the time), that funding for the transaction had been secured, and that the only remaining uncertainty was a shareholder vote. The SEC’s complaint alleges that, in truth, Musk had not discussed specific deal terms with any potential financing partners, and he allegedly knew that the potential transaction was uncertain and subject to numerous contingencies. According to the SEC’s complaint, Musk’s tweets caused Tesla’s stock price to jump by over six percent on August 7, and led to significant market disruption.
“Corporate officers hold positions of trust in our markets and have important responsibilities to shareholders,” said Steven Peikin, Co-Director of the SEC’s Enforcement Division. “An officer’s celebrity status or reputation as a technological innovator does not give license to take those responsibilities lightly.”

“Taking care to provide truthful and accurate information is among a CEO’s most critical obligations,” added Stephanie Avakian, Co-Director of the SEC’s Enforcement Division. “That standard applies with equal force when the communications are made via social media or another non-traditional form.”

The SEC’s complaint, filed in federal district court in the Southern District of New York, alleges that Musk violated antifraud provisions of the federal securities laws, and seeks a permanent injunction, disgorgement, civil penalties, and a bar prohibiting Musk from serving as an officer or director of a public company.

The SEC’s investigation, which is continuing, was conducted by Walker Newell, and Brent Smyth and supervised by Steven Buchholz, Erin Schneider, and Jina Choi in the San Francisco Regional Office. The litigation will be led by Cheryl Crumpton and Barrett Atwood.

https://www.sec.gov/news/press-release/2018-219