TSLA $256....close below $250 = a stock under $220 before long. Longs better be on their knees praying.

Musk gonna need to be doing more than just praying while he's on his knees if it loses $250.

Wonder if he starts losing board seats soon if it dips below levels...

IrishTxAggie said:

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Musk gonna need to be more than praying while he's on his knees of it loses $250.

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It hit in the $252 and spiked to $265+ now $260

Earnings are out. They posted them on their page versus using services. What a clown!

OH boy....got to $250.54

oldarmy1 said:

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If any of you have live charts pull up TSLA. This is gonna be fun

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(2.90) Eps vs (0.69) Est EPS

Those are awesome.

And with the numbers out, you can see why they wanted to wait.

New customer deposits lowest since 2017

What?! Wow, how is this not dropping like a rock. Going to be bad news on fcf too I'm guessing?

reaffirmed delivery guidance for the year

Good news for NIO??

I know it goes against the grain for most in this forum, but I actually like Elon and Tesla. They may not be around forever, and couldn't eventually crash and burn (But Elon's true baby is SpaceX).

But no one can doubt that Tesla has drastically changed the automotive industry from making electric cars sexy to pushing the ford's, beemers, and VW's to adopt electric cars sooner.

YNWA_AG said:

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reaffirmed delivery guidance for the year

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So the guidance they missed on this time now has an even more aggressive guidance for the 2nd half of the year?

Well sign me up!

YNWA_AG said:

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reaffirmed delivery guidance for the year

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Because he's so trustworthy and believable.

YNWA_AG said:

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reaffirmed delivery guidance for the year

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That means they'll need to average 95,000 cars in the next 3 quarters to hit that goal. That a 20% increase...talk about lofty expectations.

Is TSLA not dropping due to most people not being able to trade at the moment?

$259.50 right now. That's after reaction to real numbers. Now comes Elon's talking so expect the shares to move upward short term.

oldarmy1 said:

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$259.50 right now. That's after reaction to real numbers. Now comes Elon's talking so expect the shares to move upward short term.

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Annnnnnnddd now its at $263.50

EngrAg14 said:

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Is TSLA not dropping due to most people not being able to trade at the moment?

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Both sides can trade. Over 1M shares traded after hours which on the minute charts is acutally a little ahead of the intraday minute volume.

Rice and Fries said:

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oldarmy1 said:

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$259.50 right now. That's after reaction to real numbers. Now comes Elon's talking so expect the shares to move upward short term.

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Annnnnnnddd now its at $263.50

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"Ladies and Gentlemen, this is your captain speaking. Please make sure your seatbelts are securely fastened, as we are expecting some significant turbulence on our trip to 2020. We will be canceling our complimentary drink service due to the bumps. Flight attendents please remain seated."

I mean, they could beat delivery guidance. But if they double their losses doing it how is that anything worth an increase in share price? I just don't see good things for this company in 2019 with competitors starting to roll out their electric vehicles.

Wish people could see my screen live. I got a cover of 25% of my short position on the flash towards $250 @ $251.15.

It's wild to see the trades click off in real time.

Longs enter the stock at the Darvis Box lows $250 area. Shorts cover. Result is exactly what you saw. Rip down and rip back up. Now I have the calls which are for more than the 75% remaining short. If we get a serious bounce that call makes a bunch and my remaining short is unphased.

And since premium will greatly reduce post-earnings I can nab a secondary call out a ways at a 50% retracement to profits.

All a game.

khkman22 said:

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YNWA_AG said:

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reaffirmed delivery guidance for the year

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Because he's so trustworthy and believable.

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He promised they would return to profitability in Q3, so there is that....

oldarmy1 said:

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He promised they would return to profitability in Q3, so there is that....

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It must be true... it's on the internet

Call prices can't ever change after hours, right?

What about what I see in the RH app? For example, the Facebook calls all show they are down for the day. But the stock shot up after hours.

I don't have gold so maybe that makes a difference?

You can't trade options AH on RH and they don't adjust the call price AH or PM.

02skiag said:

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What about what I see in the RH app? For example, the Facebook calls all show they are down for the day. But the stock shot up after hours.

I don't have gold so maybe that makes a difference?

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No....sorry...I meant technically they change. Everyone sees what you referenced but those closing prices are meaningless at the end of every trading session. The next mornings share price will dictate what they will open at, but you can still calculate within reason what current share price would translate to on option price.

On RH, the call prices don't change in after hours. They change at open at 8:30

Gotcha, because yesterday I put in for options on Twitter pre-market and they took. Within a second they were worth several hundred more.

02skiag said:

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Gotcha, because yesterday I put in for options on Twitter pre-market and they took. Within a second they were worth several hundred more.

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And you sold them, right?

And what I mean by that is, even though everyone makes their own trades, when I post that I was selling as it approached $40 it's a fairly decent idea to do likewise.

No, I mentioned it earlier. They are 5/17 $40 calls. I held to avoid the day trade. Should have just taken it though.

02skiag said:

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No, I mentioned it earlier. They are 5/17 $40 calls. I held to avoid the day trade. Should have just taken it though.

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No worries. So even though you got a consolidation day the shares held at the top 25% of yesterdays candle. Generally that means at least a retest attempt, so as long as futures aren't overly red you should be able to book your profits.

AND, if the trading gods smile on you and we get a bright green futures you could outwit the old trader.