7/3/23....woke up this morning and saw tsla gap up 6% premarket: https://www.msn.com/en-us/money/oth...ce-cuts-pay-off/ar-AA1dkZUh?OCID=ansmsnnews11 suntrader: u getting wreck from your tsla short position yet?
Maybe this has something to do with it .... https://www.teslarati.com/tesla-q2-2023-earnings-call/ TESLARATI Tesla posts Q2 2023 Financial Results and Q&A Schedule By Maria Merano Posted on July 2, 2023 Tesla posted the Q2 2023 Financial Results and Q&A schedule after reporting stellar production and delivery numbers. Tesla plans to post its financial results for the second quarter of 2023 after market close on Wednesday, July 19, 2023. After a brief advisory with a link to Tesla’s Q2 2023 update letter, the company will hold a live question-and-answer webcast at 4:30 pm Central Time (5:30 pm Eastern Time. Q2 2023 DELIVERY AND PRODUCTION REPORT In the second quarter, Tesla produced approximately 19,489 Model S and Model X vehicles. It delivered precisely 19,225 Model S and Model X units. For the second quarter, Tesla produced 460,211 Model Y and Model 3 units, delivering 446,915 units. Tesla produced 479,700 vehicles in Q2 2023, delivering approximately 466,140 units. Q1 2023 & SY 2024 RECAP In the first quarter, Tesla produced 440,808 vehicles and delivered 422,875. The company made 19,437 Model S and Model X vehicles, delivering 10,695 units. Tesla also produced 421,371 Model 3 and Model Y vehicles and delivered 412,180 units. Thus far in the year, Tesla has delivered precisely 889,015 units. For comparison, Tesla delivered 1,369,851 vehicles in all of 2022. The company aims to deliver 1.8 million units this year. “Our internal production potential is actually closer to two million vehicles, but we are saying 1.8 million because — I don’t know, it just always seems to be some force majeure thing that happened somewhere on Earth, and we can’t control if there’s like earthquakes, tsunamis, wars, pandemics, etc. “So, if it’s a smooth year, without some big supply chain interruption or massive problem, we actually have the potential to do 2 million cars this year. We’re not committing to that, but I’m just saying that’s the potential,” said Elon Musk Copyright © TESLARATI. All rights reserved.
where did you enter? did you go long or short? how many shares? answer those question and i got the answer for you.
Entered when its Shanghai factory opened- sold half already and have covered calls 210 and short puts 150. Just milking it. And I am out of Apple at 179ish few weeks back, just NVDA and TSLA now, mostly. waiting for a big pullback, same as everyone else.
oh....u play with options? u buying puts and calls at the same time...is that called a straddle? i'm not an expert with options so i can't help you here.
I don't think you will get it with TSLA. May drop back to 250 (if that's "big"?) but every quarter it meets or beats targets justifies its value. We may even see 300 by Q3, earlier than I was expecting. Right now, end of year analysts expectation is 1.8M vehicles. If Q3 trends closer to 2M we could hit 350+ by year end.
go with the economic cycle, it will pull back a lot with a recession. in any case, will roll the covered calls slowly up, and sell puts 5-10 delta down, but I don’t plan to pick up any shares unless it is “cheap”. got NVDA at 160 when I thought it was going back to 100, of COUR I have some at a higher cost basis from few years back. lot of my money is in t bills, let’s see how crazy the market goes this time.
Expect Elon brother will dump a lot at 300. These guys can create new shares from the thin air, good to be on the top.