""""to become great at something you must be razor sharp focused on just one thing and one thing only"""". You nailed it sa94.
Agreed, but why did you wait untill today to tell that?. The small shareholders who paid plus 160-200 dollar are the victimes.
Musk did little compared to what other "charlatans" did, especially the chinese ceo's. I rather believe that even Musk was surprised about the hight of the stockprice last year.
But the longs are gulible. "You are young and you want something".
I think the small Individuals are selling the last weeks, and the pumping Institutionals are buying wanting it or not. So everybody is happy. Fair price for Tesla is still a lot lower, but the Institutionals say "who cares it's not our money".
Not very convincing, but thanks anyway. I suppose most longs on this board are Americans. I'm European, and I know the european carmakers are not sitting on their behind. Like Lone said most car companies are 100 years old and thus have 100 years of experience. Don't underestimate them, you could be painly surprised in the near future. I think Musk is suffering from the "Peter" principle.
Musk is trying to sell things which are not affordable for normal people. Others have tried in the past without succes. He will carry on raising and losing money as long as he finds gulible longs.
""""why would Must increase his stake in tesla and pay 50mill is taxes to do it?""""". He paid the 523,000 shares 102 dollar per share. He would be stupid not to do so, as he owns +28 mi shares.
The stockprice would crash if he didn't.
As you are a shareholder of Tesla today, you believe the share price will increase, despite you know all the good, the bad and the ugly is included in the price and in particular the price/book is x17. My question to Longs: what is the reason you believe the price will increase?.
According to Q3/2015, to have a Price/Book of 4 like Apple, the stockprice of Tesla has to crash to 40 dollar.
We all know there will be a huge loss in Q4/2015, even Stanfield knows that, so Tesla can still go down, down, deaper and down. Sentiment: buy at 10 dollar, after carefull research.
The gulible longs who paid 280 dollar for ONE share, lost 35.7% on their investment today. Musk pumped the stock but paid only 7 dollar. Shame, shame, shame on you, Musky.
There is only one reason why the debts are cheap, and you know very well why. Even in 2017 Orig will be cash flow positive, but Orig has to repay 715 mio in debts and 470 ship payments. Cash will be a 470 mio dollar negative by end 2017. In 2018 another ship payment of 600 mio is due. Cash will be minus 1.5 bio at the end of 2018 and BK, if nothing changes.