Tesla Motors (TSLA) / Elon Musk 01 (Jul 10 - Nov 22)

[investar]

Below 700 again, and I shorted some (again).

[investar]

That didn't last long. This market is super strong...

TSLA with a profit!

Tesla Inc. posted a surprise profit in the first quarter, the first to reflect the economic destruction wrought by the coronavirus pandemic.

Tesla TSLA, +4.08% late Wednesday said it earned $16 million, or 9 cents a share, in the quarter, versus a GAAP loss of $4.10 a share in the year-ago period. Adjusted for one-time items, the company said it earned $227 million, or $1.24 a share, contrasting with an adjusted loss of $2.90 a year ago.

Sales rose to $5.99 billion from $4.5 billion a year ago. Shares rose more than 7% following the report.

Analysts polled by FactSet had expected the electric-car maker to report an adjusted loss of 28 cents a share on sales of $6.1 billion.

[behappyalways]

Tesla surprises Wall Street with first-quarter profit, stock rallies 9%
https://www.marketwatch.com/story/tesla ... ck_seemore

[behappyalways]

Elon Musk wipes nearly $15 billion off Tesla’s valuation by tweeting that shares are ‘too high’
https://www.marketwatch.com/story/elon- ... ck_seemore

[winston]

not vested

Is This Why Elon Musk Is Talking Down His Stock Price

by Tyler Durden

In our view, TSLA desperately needs money now; yet, at ~$700/shr, there’s limited demand from institutional investors for the type of raise ($4-$5bn) they need to do.

So… Elon Musk needs to get the stock price down before he potentially trips debt (etc.) covenant levels on actual cash on hand, or has to issue a going concern alert.

Every week Fremont is down, TSLA burns $300mn. And, based on reports from the Chinese media, GF3 (i.e., TSLA’s Shanghai plant) sources just 30% of its parts from Chinese producers (the rest come from Fremont).

We’re hearing, from credible checks, that the China Communist Party (“CCP”) is becoming "agitated" by TSLA's delays to source more parts from Chinese companies (i.e., TSLA is bidding too low); and, as a result, the CCP is pushing TSLA to big price cuts, again, on made-in-China (“MIC”) SR+/LR models as soon as July (apparently, this is being pushed by CCP ministries) – TSLA has already cut the price on it’s MIC Model 3 SR+ car by -23.7% YTD.

Thus, with the shelter-in-place in Almeda County (where TSLA’s GF2 is located) extended to June, TSLA may need to idle its Shanghai plant in June. We est. this would cost TSLA ~$150mn/week.

However, in 1Q20, TSLA reported $8bn in cash vs. $4bn in payables (i.e., half the cash is due in payables). And, TSLA burnt -$895mn in FCF in 1Q20, alone.

Consequently the cash balance could drop to: $8bn (at end of 1Q20) - $1.5bn - $4bn - $1.2bn (FCF burn associated with less cars made in 2Q20 vs. 1Q20) = $1.3bn in 2Q20 without a raise.

Source: Zero Hedge

https://www.zerohedge.com/markets/why-e ... newsletter

[behappyalways]

(Reuters) - Shares of Tesla Inc (TSLA.O) surged 13% to a record high on Monday, extending their rally to over 40% in five sessions after analysts raised their price targets on the electric car maker following its strong quarterly deliveries.

Tesla shares surge 13% as strong deliveries drive profit optimism
https://www.reuters.com/article/us-tesl ... SKBN2472LR


Tesla mocks short-sellers, lists short-shorts on its website
https://www.youtube.com/watch?v=mu7N_F167Zg

[investar]

tempted again, to short again. Here at 1388. But I should probably wait still a bit longer

[behappyalways]

Tesla Shorts to Amass First-Ever $20 Billion Bet Against a Stock
https://finance.yahoo.com/news/tesla-sh ... 42114.html

[behappyalways]

Ten Thousand Day Traders an Hour Are Buying Tesla Shares
https://www.bloomberg.com/news/articles ... emium-asia

[behappyalways]

Carson Block Warns Tesla Short Sellers: ‘I Wouldn’t Do That’
https://m.youtube.com/watch?v=mgG83-GhsIQ