Well valued based on financial statements and actual growth potential is $72-75 in my book.
My price range with fair automaker value is $72-75 and it has been irresponsible for the wall street pumper analysts to claim that the firm is disrupting trillion dollar industries. Maybe once they actually have a year of over 100,000 unit sales worldwide. Hasn't happened yet.
We all know the $250 price was a positioning point to launch the $2b of new debt. You have to wonder how much of last year's $660M of "old debt" sr. Notes will convert now in Q2 to shares and cash.
In "tight" cities where roads and parking-ease matter, many feel the size of the MS is too large. Some Hong Kong guys posting to TMC mentioned this in their posts and London has even tighter streets. A RHD BMW i3 or other small, but fun, EV might be a far better choice for an 30-40 mile city-dweller vehicle. And half the price.
With that entry - you could go LTCG on it next year. Why cover, well "ever", unless more manipulation happens.
Just sell well OTM calls when there is a good pop (say 280) and then take it off when it drops again. Selling premium usually ends well if you are watching it.
Morgan Stanley analyst Adam Jonas and the company is complicit in causing a short squeeze. This is an illegal activity that drove the PPS up to $250 which was the price they wanted to float the Sr. Note bond at. That it is down 10% does not compare to the $100 point rise from $150 in the fall where it was already overpriced and was starting to factor in the 2017 "imaginary sales growth" that the "analysts" were already trying to talk up ahead of all this. CEO Elon Musk said that $160 price was more than they deserved and they would work hard to earn it.
Have a good weekend and wonder what level of trust you can give to a stock and CEO who is overseen by wall street money managers.
Ugly? Ever see the styles the young people are sporting these days? And in Europe, their taste doesn't match the USA in terms of looks and product. It may actually be a good looking style for many people. It is doing quite well selling in Europe so far.
They haven't yet cured death yet. And "untimely"? What is that, really?
There is only one cure for death and it doesn't come in pill form.
You should have sold calls to expire them worthless. Buying puts is not really a good plan unless you bought 250's on Tuesday at the open.
Interesting - is this considered propping the price so as to keep the new bond valuation above $100?
Different? :) Some have guessed that this is a hail mary where the underwriters just got Musk to post twice the value of his Trust's shares as collateral. He already owes GS $275M and MS something like $25M or more for personal loans.
It's distribution month - keep buying! Fund managers sending special gifts to anyone buying more than 200 share blocks.
Just lowered price in Germany by 7,000 euros for base model.
Jan sales 30, Feb sales 66.
May help sales a little while cutting into GM.