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Hey team 

I got excited this morning in the car very early, it was dark and I saw Tesla in my Tesla around 250 big dip in premarket but I saw it turning around but I was using the car so I made an order I bought a little Tesla at around 253 but I made an error.  

Normally pre-market is the time to buy and they do very well in pre-market today was not the case. In addition if I had been in front of my computer with my tools I would've noticed the Confluence Model did not flash buy and the trend was clearly down and therefore I would not have purchased. So I could have gotten Tesla cheaper. 

Anyhow re Tesla I am not concerned, they had record production but missed deliveries but some special offer in china and them being late to ship models to other markets.  344K vs 358K consensus. Just makes Q4 even stronger.  

MY LESSON OF THE DAY: don't trade n drive!!! 

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Lesson for the Day! Don't trade in the car in pre market

Comments

Anonymous

Sorry to rain on the parade here but a severe reality check is required. This analyst is way smarter than I am so I’m just going to copy and paste some snippets from his latest article below: —————- But this is the more important thing, and the primary reason a collapse will actually happen, in our view: The TSLA true believers are running out of buying power. The TSLA share price is only kept elevated by capital flows from true believers — and those flows are starting to dwindle. As rising interest rates and recession-like economic conditions set in, true believers are not only finding themselves short of dollars to prop up TSLA shares, they are finding a need to sell shares they already own to pay rent, buy groceries, pay the electricity bill, and so on. As the buying power of true believers fades, it increasingly becomes the case that only rational market participants are left — and rational participants actually care about stuff like valuations and fundamental factors. As the balance of power shifts further away from true believers and more toward rational buyers and sellers, Tesla loses its magic pixie dust — and hastens toward a more realistic valuation, which in turn means a share price collapse. A large chunk of that forced selling is likely to come from Elon Musk himself, when he loses the takeover battle with Twitter in Delaware Court of Chancery. We have been lightly following the Twitter court case drama. The pre-trial proceedings have been going from bad to worse for Musk, and the actual trial kicks off on Oct. 17 (less than two weeks from today). The odds are still at 80% or better, in our view, that Musk is either forced to pay Twitter a negotiated settlement in the tens of billions of dollars (e.g., $20 billion or more) — or worse yet is forced to pay the entire $44 billion for Twitter as specified in the takeover agreement, with the ruling delivered by a court system that can freeze Musk’s assets or force a share liquidation if he fails to comply. (Both Tesla and SpaceX are incorporated in Delaware.) Musk has been promising the arrival of fully autonomous self-driving technology since 2014. Musk has been doing this for at least eight years now: - Promise some futuristic thing is just around the corner - Get everyone excited about said futuristic thing - Wait for them to forget the original “just around the corner” deadline - Make the exact same promise yet again Tesla’s hyping of the AI Optimus robot last week was more of the same. Musk fully understands that Tesla’s real product is the stock, and that is why he keeps saying this stuff. We would love to see convincing evidence to the contrary. We’ve looked diligently, and thus far there isn’t any. As such, only the true believers are buying what Musk is selling these days — and as the charts show, their buying power is running out. ————- And he didn’t even mention the soaring raw material costs to make the batteries or the environmental damage the mining and disposal of them causes. NFA + DYOR

Anonymous

My Tesla puts are still working. Elon always over promises on time of delivery.