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ryseing

Bought courtside tickets just to read a book.
Member
Oct 25, 2017
12,546
For lovers
I generally avoid WSB as it's not something I enjoy watching. But I'd still guess that you generally see more post about people making huge sums of money than you do about people that lose huge sums.

That's generally the case in the tesla investor subreddit at least. Don't remember seeing a lot of people during the slide down last year talking about how they got fucked on options




Most of the big loss porn ones get deleted because of lawyers, like the dude who found infinite money via RH. That sub is going to be high comedy during the next recession.
 
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OP
OP
Ryno23

Ryno23

Banned
Dec 13, 2017
1,097
WHOA that last minute sell off.

Yeah somehow through dumb luck I called the top. Was waiting all day for the late rally into close like yesterday, needed to sell enough to fund my Roth IRA for last year and this year, and hopefully rebuy the shares on a discount. Put in a sell order for $967 thinking it would close around $970, stock shot up it was filled, it hit $968 then not even a minute or two later collapsed $100 in like an instant. That will never happen again holy shit...
 

turbobrick

Member
Oct 25, 2017
13,063
Phoenix, AZ
Does the Y not work for that? How much different is a station wagon?

The Y is more of a crossover, where a station wagon would be the model 3, but with a more squared off back and a lift gate. While crossovers and station wagons could have similar interior space, wagons are still based on cars and don't have the taller body or higher ride height. Station wagons are usually a little longer than a lot of smaller crossovers, and you get more rear cargo space in regards to length, but lose a bit of height.

I personally like station wagons even though they're almost dead in the US. I would not cross shop them with crossovers at all, nor would I even consider buying a crossover.

apparently a one-off example even exists
TeslaS3-02.jpg
 

Deleted member 8741

user requested account closure
Banned
Oct 26, 2017
4,917
The Y is more of a crossover, where a station wagon would be the model 3, but with a more squared off back and a lift gate. While crossovers and station wagons could have similar interior space, wagons are still based on cars and don't have the taller body or higher ride height. Station wagons are usually a little longer than a lot of smaller crossovers, and you get more rear cargo space in regards to length, but lose a bit of height.

I personally like station wagons even though they're almost dead in the US. I would not cross shop them with crossovers at all, nor would I even consider buying a crossover.

I get what you're saying, but I doubt they'd release a station wagon given the market demand. Wasn't sure why a Y wouldn't work for most people. What limits does it have that a station wagon meets?
 

turbobrick

Member
Oct 25, 2017
13,063
Phoenix, AZ
I get what you're saying, but I doubt they'd release a station wagon given the market demand. Wasn't sure why a Y wouldn't work for most people. What limits does it have that a station wagon meets?

Well, I can't speak for every wagon vs crossover, but in my experience, wagons are longer, and usually have just as much room in the back. You also have the downside of it being an SUV and not a car. You have higher ride height, and a taller body, which if you want a car, is a negative. Sure if you just need the extra space a crossover works, but some people just don't want a crossover.
 

AnotherNils

Member
Oct 27, 2017
11,936
At this point it feels like the stock is just outright fucking with shortsellers. "1k? It couldn't possibly go higher, right?"
 

Deleted member 8741

user requested account closure
Banned
Oct 26, 2017
4,917
Well, I can't speak for every wagon vs crossover, but in my experience, wagons are longer, and usually have just as much room in the back. You also have the downside of it being an SUV and not a car. You have higher ride height, and a taller body, which if you want a car, is a negative. Sure if you just need the extra space a crossover works, but some people just don't want a crossover.

From what I understand though, the station wagon market is pretty low in the US though. Seems a bit niche for now for Tesla to target.
 

Mr.Awesome

Banned
Nov 4, 2017
3,077


Sounds like someone's salty.

Dumb, irrelevant comparison. Enron was literally cooking their books. It's fine to say that tsla is insanely over valued vs what their book numbers say, but if their book numbers aren't great to begin with, I'm going to doubt they're cooking them to come up with poor numbers.

That said I predicted this massive short squeeze on tsla in this very thread and I do believe that this run is because of it.
 

turbobrick

Member
Oct 25, 2017
13,063
Phoenix, AZ
From what I understand though, the station wagon market is pretty low in the US though. Seems a bit niche for now for Tesla to target.

I agree. The station wagon market is basically dead in the US. But there are those of us out there that want one, and wont buy a crossover. Obviously the market demand is crossovers, which is why they're selling better than everything these days, even though they're more expensive than similarly sized cars. Though people buy what they want, not necessarily what they need.

Myself I'd just get a hatchback and deal with having less space than a wagon.
 

DrEvil

Developer
Verified
Oct 25, 2017
2,634
Canada
Sold 2 shares today at $940 (originally bought at $180 last june) and reinvested it into GOOGL and ARKK (which holds 10% of their portfolio as TSLA), so I still have a few TSLA shares left in my portfolio but I didn't wanna get caught on any correction/downturn.
 

Cantaim

Member
Oct 25, 2017
33,315
The Stussining
I had like $500 bucks sitting in my E*TRADE account at the start of January. Bought a single Tesla stock with it cause I didn't know what to do with it and my philosophy on buying stock I know nothing about. Always falls down to one question. how passionate are the customers of the stock I'm buying? Well Tesla easily blew through any parameters for passion so I purchased a single stock with my $500. Anyway needless to say I've been looking at that one stock jump up and down like a fucking bounce ball for the last month lol. It's been very amusing.
 

less

Member
Oct 25, 2017
10,836
Already back to $900. No way this isn't going over $1,000 tomorrow or Thursday.
 

LegendofJoe

Member
Oct 28, 2017
12,079
Arkansas, USA
It's not burning money to buy a new car when used prices are high.

If the new version of the car you want is only slightly more then yeah skip the used one. But no one is holding a gun to my head to force me to buy a Tesla even though I want one.

My ideal car would be a Model X with less than 20k miles that I would purchase with cash at around $30k. That doesn't exist though so I'll just have to wait for more EVs to hit the market (both new and used).
 

Deleted member 8741

user requested account closure
Banned
Oct 26, 2017
4,917
If the new version of the car you want is only slightly more then yeah skip the used one. But no one is holding a gun to my head to force me to buy a Tesla even though I want one.

My ideal car would be a Model X with less than 20k miles that I would purchase with cash at around $30k. That doesn't exist though so I'll just have to wait for more EVs to hit the market (both new and used).

Sounds like a used Model Y in a few years will be in your range.
 
So you haven't actually driven one to know and you picked the most expensive model with all the upgrades and it's still not as much as you said?
You don't have to drive it when there's a ton of similiar shaped cars out there, all of them sharing the bad visibility. And who wants a none-AWD pseudo SUV with smaller range? And I'm sorry I don't know the exact €/$ trading rates.
In the end, it's simply not the right car for me, which is fine.
 
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Cromat

Member
Mar 17, 2019
677
It's a great company but honestly the stock is off the chart. It's Bitcoin on wheels, I'm staying away.
 

Mengy

Member
Oct 25, 2017
5,374
With good Q1 numbers and good battery day revelations I would not be surprised if this hit $2,000.

Yeah, that's why I'm hoping to buy more shares BEFORE Q1 and battery day. I'm afraid that afterwards there won't be many more opportunities for good prices on the stock.

I'm so glad I bought in when I did though.
 

m_shortpants

Member
Oct 25, 2017
11,202
Kicking myself, was staring at an order confirmation for calls at 870, I chickened out but would've made out with around 8k lol
 

Deleted member 20284

User requested account closure
Banned
Oct 28, 2017
2,889
The Y is more of a crossover, where a station wagon would be the model 3, but with a more squared off back and a lift gate. While crossovers and station wagons could have similar interior space, wagons are still based on cars and don't have the taller body or higher ride height. Station wagons are usually a little longer than a lot of smaller crossovers, and you get more rear cargo space in regards to length, but lose a bit of height.

I personally like station wagons even though they're almost dead in the US. I would not cross shop them with crossovers at all, nor would I even consider buying a crossover.

apparently a one-off example even exists
TeslaS3-02.jpg

Land a wagon like that in Australia for $70K and I'm in. Currently looking at Tesla battery add-on(s) for our solar panels so this would go nicely hand in hand within the next 1-3 years.
 

SaintBowWow

Member
Oct 25, 2017
4,082
How are people making these kinds of profits on options trading? I've been reading up on it to try and wrap my head around it but I don't understand the profits people are advertising in these posts. For instance, take the last one where the person bought a $910 call for $111 and cashed out for ~$7K. From what I understand when you buy a call you can then sell the shares for the strike price ($910 in this case) once the stock has exceeded that price. The ceiling for Tesla so far is around $960 so a $50 profit per share if selling at the stock's absolute height. With 100 shares that's a maximum $5K profit. What an I missing?
 

reKon

Member
Oct 25, 2017
13,704
How are people making these kinds of profits on options trading? I've been reading up on it to try and wrap my head around it but I don't understand the profits people are advertising in these posts. For instance, take the last one where the person bought a $910 call for $111 and cashed out for ~$7K. From what I understand when you buy a call you can then sell the shares for the strike price ($910 in this case) once the stock has exceeded that price. The ceiling for Tesla so far is around $960 so a $50 profit per share if selling at the stock's absolute height. With 100 shares that's a maximum $5K profit. What an I missing?

People have the option of selling the actual option contract itself which increases as the stock price increases
 

SaintBowWow

Member
Oct 25, 2017
4,082
People are selling the actual option contract itself which increases as the stock price increases
Wait, you can do that? So you can buy an option that this stock would, say be $1,500 by the end of next week not because you actually expect it to happen but because you think other people will want to make that bet? Holy shit.
 
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Mengy

Member
Oct 25, 2017
5,374
Options feel too much like gambling to me and I hate gambling with my money.

I may be old fashioned but I prefer to buy stocks from companies I have faith and believe in for the long term. Maybe I'm missing out but its worked well for me and I sleep well at night investing thusly.
 
Oct 26, 2017
3,896
I purchased some TSLA shares at around $250 last year with the plan to hold them for 5-10 years, very first foray into the stock market for me.

This has been crazy to watch, but i'll prolly hold on to them for now. Might sell one to get my money back if they get to 1500+.