I have no positions, but after yesterday, I am watching to short this stock. It does appear that the valuation is way ahead of fundamentals. That and they will need a capital raise to fund themselves. I am just giving the stock a couple of days to calm down then I will put or short. Looks pretty easy, but shorting anything in this market is not easy, this could keep soaring. Anyways, that is my opinion.
Not that focused on the acquisition, though i think it is a good strategic move for the future. I am interested in the current stock price. At this point, the shares are well below book, and even though book could keep coming down, these guys are some of the best managers in the biz and have hedged interest rate risk very well. Also, relative to recent lows they have bought back substantial shares and therefore are actually near their 52 week low from a market valuation. I know interest rates are expected to 'shoot up' , but I am less of a believer of this, and I think that is substantially priced in. Price may move lower as/if interest rates go up, but this will provide better and better potential returns if that happens. Great value for the intermediate term/long term.
I like yesterdays Motley Fool article. It is pretty accurate for near term valuation and therefore this could fall tremendously at any time. Furthermore, it is hard for a small co like this to outcompete the existing players if they should choose to compete. The item missed in my opinion is that TSLA should not be valued nearly as high "per car" as the article states, as they have much higher capital coste per car and therefore would see much reduced profit per car(at equivalent price). Therefore it is a stretch to just multiply the value to the much higher price per car. JMHO
TSLA is holding up decently in the short term though.
Just initiated my first put position on this stock, bubbled up to much. Will reset another one if this pushes higher. As another point, this is just as much a high beta put on the mkt as a whole falling in the near term.