[quote]coolnatedawg wrote:
Damn OE, I’ve been watching this stock since you started talking about it and have been watching it even closer since. It’s sitting at $247 right now…[/quote]
You know, I first mentioned it a couple of years ago in some investment thread. I said I had it on my radar to buy when we had a significant market pullback. At that time I didn’t realize we were in a never ending bull market and I was expecting a big correction. A couple of other members chimed in and said they were thinking about buying it too. Unfortunately I can’t remember who those members were but I would like to hear from them in this thread.
This morning when TSLA was at 249 I had my finger on a trade to sell shares out of my roth but I couldn’t bring myself to press the button. At the end of the day I saw it closed at 247 and assumed it stayed pretty steady all day until my coworker informed me it had gone all the way to 259 during the day. It is almost for sure there will be significant retracement from these levels but with a revolutionary company like this one, getting left behind is a real concern to me.
Btw, DBCooper and me are closing in on tripling our initial investments. That sounds great and it is but I know of lots of people who talk about getting “10 baggers”. I’ve never had one and still have a long way to go.[/quote]
Yea, I believe that opportunity is gone but I think it’s still possible to get in on it when it takes a hit and ride it up from there. I don’t want to miss the bus either…
[quote]coolnatedawg wrote:
Damn OE, I’ve been watching this stock since you started talking about it and have been watching it even closer since. It’s sitting at $247 right now…[/quote]
You know, I first mentioned it a couple of years ago in some investment thread. I said I had it on my radar to buy when we had a significant market pullback. At that time I didn’t realize we were in a never ending bull market and I was expecting a big correction. A couple of other members chimed in and said they were thinking about buying it too. Unfortunately I can’t remember who those members were but I would like to hear from them in this thread.
This morning when TSLA was at 249 I had my finger on a trade to sell shares out of my roth but I couldn’t bring myself to press the button. At the end of the day I saw it closed at 247 and assumed it stayed pretty steady all day until my coworker informed me it had gone all the way to 259 during the day. It is almost for sure there will be significant retracement from these levels but with a revolutionary company like this one, getting left behind is a real concern to me.
Btw, DBCooper and me are closing in on tripling our initial investments. That sounds great and it is but I know of lots of people who talk about getting “10 baggers”. I’ve never had one and still have a long way to go.[/quote]
Just to clarify are you worried about getting left behind now? or do you mean if you sold the stock?
Tesla Motors Inc. wants to raise almost $2 billion to help fund a giant battery factory in the Southwestern U.S. to supply its electric vehicles.
It would employ as many as 6,500 workers and would be built on 500 to 1,000 acres in Nevada, Arizona, New Mexico or Texas. Tesla said the exact site is still to be determined.
The factory will open in 2017 and ramp up to supplying batteries for the production of as many as 500,000 electric cars annually by 2020.
“We’re planning to build a large-scale factory that will allow us to achieve economies of scale and minimize costs through innovative manufacturing,” Tesla said in a statement.
The impetus for the investment is Tesla’s plan to introduce a lower-cost, mass-market electric vehicle in about three years. This so-called Gen III car would be smaller than the current Model S sedan and the planned Model X sport utility vehicle.
Tesla Chief Executive Elon Musk has said the Gen III could cost around $35,000 to $50,000 and sell by the hundreds of thousands if it achieves wide market acceptance. Lowering the cost of the batteries that go into the car is a key factor in slashing the price.
Tesla spends about $22,000 on the 85 kilowatt-hour battery pack in the Model S, Irwin said. The proposed factory could slash that about 30%, Tesla said.
[quote]coolnatedawg wrote:
Damn OE, I’ve been watching this stock since you started talking about it and have been watching it even closer since. It’s sitting at $247 right now…[/quote]
You know, I first mentioned it a couple of years ago in some investment thread. I said I had it on my radar to buy when we had a significant market pullback. At that time I didn’t realize we were in a never ending bull market and I was expecting a big correction. A couple of other members chimed in and said they were thinking about buying it too. Unfortunately I can’t remember who those members were but I would like to hear from them in this thread.
This morning when TSLA was at 249 I had my finger on a trade to sell shares out of my roth but I couldn’t bring myself to press the button. At the end of the day I saw it closed at 247 and assumed it stayed pretty steady all day until my coworker informed me it had gone all the way to 259 during the day. It is almost for sure there will be significant retracement from these levels but with a revolutionary company like this one, getting left behind is a real concern to me.
Btw, DBCooper and me are closing in on tripling our initial investments. That sounds great and it is but I know of lots of people who talk about getting “10 baggers”. I’ve never had one and still have a long way to go.[/quote]
Just to clarify are you worried about getting left behind now? or do you mean if you sold the stock?[/quote]
I’m not worried about getting left behind now because I haven’t sold any stock. What I mean by “get left behind” is exactly what Sky explained; selling on an upward spike with the expectation the price will come back down to buy again, but then they don’t.
I’ve actually decided I’m not going to sale on this spike. I’ve looked at the charts and decided this spike is actually more of a “breakout”. Traders who use technical analysis preach about “buying the breakout” so this is no time to sale.
I never updated this thread with my option play. To recap:
I suggested selling the March 225 calls for $7. They expired on March 22 which is a Saturday. On Friday, March 21 the stock settled at $228, so your calls most likely would have been exercised. You would have lost $3 on the stock, but made $7 on the option so you would have been $4 per share ahead. The stock touched $230 one time after that, otherwise it’s been straight down.
usmccds423: great article. As much as I love gas guzzling, oil belching horsepower monsters, I love the idea of an American car company building high tech battery factorys on American soil even more. I still may not love the stock, but I love the story, and I’m beginning to like the car more.
usmccds423: great article. As much as I love gas guzzling, oil belching horsepower monsters, I love the idea of an American car company building high tech battery factorys on American soil even more. I still may not love the stock, but I love the story, and I’m beginning to like the car more.
[/quote]
It will be interesting to see what happens if (more like when) a “middle class” Tesla model is introduced.
I am somewhat puzzled as to why Tesla went with a higher end model as their opener to begin with.
While we can all gawk and oogle it, the practicality of a mid level car that is more reasonably priced might have helped get Tesla off the ground better than the Model S. From what I have been reading, as I am a fan of Tesla, the mid level car (named Model E) will resemble the Model S, just a but smaller in size.
When I checked out the Model S in person, it is much more impressionable that it’s pictures. Sitting in the driver’s seat gives you a commanding feeling, and that huge touchscreen display just makes sense. The car feels large inside as well, since there is no drive shaft going down the middle of the car, you don’t have that rise in the middle seat, known as riding bitch.
When I asked the sales lady about how you know if the car is actually on (since there is no sound of firing pistons anymore), she commented that the car was already running. It was so quiet, I didn’t even notice.
My brother sent me an email asking if I had happened to get out on top. I replied no and went on to say that if it continued to go down to about 175 I would probably buy more. It went down to 178 this week. I didn’t buy though because I missed seeing it during market hours.
[quote]MaximusB wrote:
I am somewhat puzzled as to why Tesla went with a higher end model as their opener to begin with.
[/quote]
It establishes your brand as a premium manufacturer.
Higher priced cars carry with them higher margins
Launching a halo product then allowing the technology to trickle down is a tried and true method in marketing.
[/quote]
I kinda thought the same thing as Max but so far proven to be wrong. They seem to make all the right decisions.
I think the choice to go high-end might also be due to the cost of the battery. They knew they needed to get good range and to do so would take a lot of battery power and the batteries are expensive.
The choice to go luxury may have been partly because they knew it was going to have to be expensive anyway so may as well go high end all the way.
I think another part of the decision is that Elon, as a rich tech geek, wanted to produce a product that he would want too. The plan is coming together. With the company’s success they can now build the gigafactory and mass produce those battery packs and start selling affordable cars for the masses.
Tesla should be in direct talks with this Japanese battery company, that can make what they call “organic batteries.”
A startup says its new battery will make cheap, 300-mile-range electric cars as common as Corollas.
Dou Kani, the chief executive of Power Japan Plus, pushes what looks to be a standard lithium-ion battery across a conference table, the type of battery that powers everything from $30 flashlights to $90,000 electric cars.
Except the silver cylinder contains no lithium oxide. Nor any expensive rare earth metals. It won?t catch fire if punctured. And unlike lithium ion batteries, it can be charged and discharged thousands of times without losing its energy capacity, its creator claims. Oh, and Power Japan Plus? battery also generates more power than a lithium battery and can charge 20 times as fast.
This could be huge (if it works as claimed), you would essentially make a huge dent in the skepticism.
I still love it. Not enough to buy more or anything. I don’t go with the traditional “balanced” portfolio but I do try to avoid having too many eggs in one basket.
If I did have buying on my mind I might think now is a good time to buy. With oil getting butchered right now I think it’s probably pushing down the price of Tesla thus, a buying opportunity.
Speaking of buying opportunities, I’m thinking about loading up on XLE or something like that. I already bought some COP. What do you think?