TSLA

Water Cooler
#81

I had a ride in a Tesla earlier this week. You shoulda seen the size of the in-dash screen!!! :open_mouth:

#82

Did it stay in place for the entire ride? I read that Tesla’s been having slight issues with their assembly.

#83

i would never short. i think its a stupid game to play. dang 50 bucks pretty expensive! how long was the expiration at that point in time.

#84

^Like 1.5 years.

Anyhow, I like the idea of owning TSLA over the weekend, still think he will settle.

#85

So I bought a TSLA January 2020 Call at 350. Lol, we’ll see.

#86

Just one? OHAI probably going to come through and 1-up you now by purchasing a hundred contracts.

#87

You’re not wrong.

#88

I think it’s more fun to speculate on Tesla defaulting. CDS is implying a 50% chance of default in 5 years.

#89

Selling CDS to fund options would have been the mother of all trades.

#90

Model I have using solver has prob. of defaults at .1187, .6845, and .983 for 1, 5, and 10 years respectively. SEC and charges aren’t good in the same context.

#91

Well come on Purealpha, share your model.

#92

PM’d it to you

#93

Boom!

#94

is Black Swan actually Andrew Left? hmmm…

#95

Just out of curiosity, who in their right mind would by a Tesla at this point? Who would want to purchase a $40k car which was manufactured under huge time constraints in some conveyer belt in a god damn tent? I, for the least, wouldn’t like to drive my kids around in it.

#96

People throw these things around but lack knowledge of what they’re really talking about. I’ve found that over and over when people trash on Tesla they invariably have no idea about the actual company and its products beyond a few headlines and anecdotes. The tent is a permanent structure and is pristine inside. It was erected under time constraints but is fine. Have you ever test driven one? If you get the upgraded 3, you have a 4 door car around $70k that runs 0-60 at roughly the same pace as the 850 hp record holding Dodge Demon. There are valid criticisms like road noise from excessive use of glass in the cockpit, bad at extreme temps (same reason) and battery life in cold winter climates. That said, the things are insanely fun to drive with no engine noise even power delivery and a lot of really cool features. The 3 outsold all of BMW in August, the C class sales are down 26% yoy losing to the 3 series and in September the 3 outsold the highest volume car in the US (Corolla).

#97

well, if you say so, Tesla must be a wonderful car. Nothing to see here, move along, move along.

I guess…your car didn’t caught up on fire, right?

#98

Again, statistically less likely to catch fire than a gas car. More silly anecdotes from the uneducated masses. Safety tests have shown the cars test very well in every category.

#99

I remember talking to other morons back in the FB day. Barrons ran a cover saying it was worth $15, all the village idiots were calling it a cash burning fad (that had been around for 15 years) while it was already generating >$1B in positive FCF. Repeatedly I heard “my kids are already using some other thing, some Instagram” from people who hadn’t bothered to learn that FB owned Instagram. Same deal with TSLA, you got the morons mouthing headlines that haven’t sat in a car, don’t know its stats, haven’t been on a call and haven’t opened an earnings filing. Short burn is going to be fantastic tomorrow.

The best moment was Einhorn (who went short AMZN while it doubled this year and is getting murdered) saying TSLA is like Lehman which is the SJW equivalent of calling everyone they disagree with a Nazi. People worried about the funding in 1Q19 apparently are unfamiliar with the $2B cash pile and the fact that they haven’t even utilized secured debt in the cap structure. It’s bush league out there.

#100

Well for the most part all car companies are shitty cyclicals with high capex needs! Not like these cash flowing techies with highly scalable businesses.