As I've said before, never let facts get in the way of good, hate filled rant.
OT: Stock and Investment Thread
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As I've said before, never let facts get in the way of good, hate filled rant.
In other news, looks like Robinhood raised an additional $2.4bn of capital from its owners over the weekend raising the total infusion since Thursday to $3.4bn. Certainly a vote of confidence from its owners. We will see if it’s enough, but this further dispels the conspiracy theory notions floating around.
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Has RH come clean enough for the public? That they stopped trading to save themselves and not the Wall Street fat cats. Not sure.
Pelosi sort of brought it at the high end on 1/24/2021 around $880.00 . If you think she knows something TSLA is selling around $830.00 today, you should buy it today.
That assumes it could ever come clean enough for the public.
The story is set - Citidel directly shut down RH trading.
"A lie can travel halfway around the world while the truth is putting its shoes on."
Pelosi is a hypocrite but this is dumb. The options were purchased 12/20/2020 and the disclosure was released 1/21/2021.
For you Tesla fans. ARK Invest's takeaways from Tesla's last earnings call:
Sam and Tasha Share Takeaways from Tesla’s Earnings Call
By Sam Korus & Tasha Keeney | @skorusARK & @TashaARK
On its earnings call, Tesla highlighted battery cells as the biggest constraint to scaling electric vehicle production. In 2022, Tesla itself plans to produce 100 gigawatt-hours of batteries, enough to supply an incremental 1.3 million vehicles relative to the 500,000 it produced last year. Panasonic, CATL, LG Chem, and other cell manufacturers also plan to scale battery output during the next two years.
Tesla’s Model 3 production ramp provides some clues to its plans to scale battery production. After troubleshooting the process in one factory, we believe Tesla should be able to “copy and paste” in similar factories around the world much more rapidly than expected.
During its fourth quarter call, we also learned that only 1-2% of customers in China are opting for Tesla’s Full Self Driving (FSD) package, a “much lower [percentage than in] the rest of world”. At some point, we believe Tesla could offer FSD subscriptions in China, begging the question of its competitive position in a country likely to favor domestic service providers.
Chinese companies have been investing significantly in autonomous driving capabilities during the last few years. Recently, Xpeng rolled out autonomous highway driving features that included entering and exiting highways, a feature that Tesla introduced in 2018 with hundreds of thousands of customer cars generating data to train the neural networks behind new Autopilot features. In comparison, Xpeng is relying on data from only tens of thousands of vehicles. That said, some online videos claim that Tesla’s autonomous features are inferior to those of Chinese companies. If accurate, the reason could be that Tesla’s installed base and data collection have been centered in North America. Nonetheless, as of 2020, Tesla is the leading electric vehicle brand in China and, as a result, could improve its autonomous capabilities at a faster rate than its competitors.
Given pricing dynamics for autonomous ride-hailing in developed compared to developing countries, perfecting FSD in the US first makes strategic sense. In ARK’s published price target for 2024 (soon to be updated for 2025), we assumed that if Tesla were to launch autonomous ride-hailing in China, its take-rate could be significantly lower than that in the US, especially if it were forced to share the economics with Chinese partners. In our recent Big Ideas Report, we illustrated that the developed world could respond to autonomous ride-hailing more dramatically than developing countries because human driven ride-hailing services like Uber and Lyft are much more expensive in countries like the US than are those in China. According to ARK’s research, at maturity and scale, an autonomous taxi could price at 25 cents per mile, roughly half the cost of ride-hailing today in China but one eighth that in the US.
ARK estimates that the enterprise value of autonomous ride-hail platform operators could increase to $3.8 trillion globally by 2025. Given the size of the opportunity, the competition could prove fierce. Longer term, however, we believe companies with the most comprehensive and high-quality driving data and the best execution should enjoy natural geographic monopolies.
Sam and Tasha Share Takeaways from Tesla’s Earnings Call
By Sam Korus & Tasha Keeney | @skorusARK & @TashaARK
On its earnings call, Tesla highlighted battery cells as the biggest constraint to scaling electric vehicle production. In 2022, Tesla itself plans to produce 100 gigawatt-hours of batteries, enough to supply an incremental 1.3 million vehicles relative to the 500,000 it produced last year. Panasonic, CATL, LG Chem, and other cell manufacturers also plan to scale battery output during the next two years.
Tesla’s Model 3 production ramp provides some clues to its plans to scale battery production. After troubleshooting the process in one factory, we believe Tesla should be able to “copy and paste” in similar factories around the world much more rapidly than expected.
During its fourth quarter call, we also learned that only 1-2% of customers in China are opting for Tesla’s Full Self Driving (FSD) package, a “much lower [percentage than in] the rest of world”. At some point, we believe Tesla could offer FSD subscriptions in China, begging the question of its competitive position in a country likely to favor domestic service providers.
Chinese companies have been investing significantly in autonomous driving capabilities during the last few years. Recently, Xpeng rolled out autonomous highway driving features that included entering and exiting highways, a feature that Tesla introduced in 2018 with hundreds of thousands of customer cars generating data to train the neural networks behind new Autopilot features. In comparison, Xpeng is relying on data from only tens of thousands of vehicles. That said, some online videos claim that Tesla’s autonomous features are inferior to those of Chinese companies. If accurate, the reason could be that Tesla’s installed base and data collection have been centered in North America. Nonetheless, as of 2020, Tesla is the leading electric vehicle brand in China and, as a result, could improve its autonomous capabilities at a faster rate than its competitors.
Given pricing dynamics for autonomous ride-hailing in developed compared to developing countries, perfecting FSD in the US first makes strategic sense. In ARK’s published price target for 2024 (soon to be updated for 2025), we assumed that if Tesla were to launch autonomous ride-hailing in China, its take-rate could be significantly lower than that in the US, especially if it were forced to share the economics with Chinese partners. In our recent Big Ideas Report, we illustrated that the developed world could respond to autonomous ride-hailing more dramatically than developing countries because human driven ride-hailing services like Uber and Lyft are much more expensive in countries like the US than are those in China. According to ARK’s research, at maturity and scale, an autonomous taxi could price at 25 cents per mile, roughly half the cost of ride-hailing today in China but one eighth that in the US.
ARK estimates that the enterprise value of autonomous ride-hail platform operators could increase to $3.8 trillion globally by 2025. Given the size of the opportunity, the competition could prove fierce. Longer term, however, we believe companies with the most comprehensive and high-quality driving data and the best execution should enjoy natural geographic monopolies.
Kind of tricky. In my view, yes, they have, but spelling it out too much runs the risk of starting a run on the bank.
I'm with Dave here, if that's is insider trading then I'm not impressed.
She should have bought GM. Or Ford.
I know she purchased it in December, just trying to show she's in no position to flap her gums.
She bought it Dec. 20th at $660.00 still think there's nothing to see here?
Nice bounce back day, again showing the resiliency of this run. The Judge put forth the notion that the large influx of retail traders, and the money they bring with them, provides a floor for the market.
I agree with this sentiment, and if I'm at all representative of the retail investors they have itchy trigger fingers, I trim my runners, taking profits, but I don't have the discipline to wait for a dip day, I just look for whatever might be ready to run next. Oil, reopenings, certain value stocks, and now keeping an ear out for whatever social media might be pumping.
I agree with this sentiment, and if I'm at all representative of the retail investors they have itchy trigger fingers, I trim my runners, taking profits, but I don't have the discipline to wait for a dip day, I just look for whatever might be ready to run next. Oil, reopenings, certain value stocks, and now keeping an ear out for whatever social media might be pumping.
Given it was $150 back in March I'm still not impressed.
I don't even think TSLA could meet the demand of the US gov't.
Again, GM or Ford would have been better buys.
666? I knew she was in cahoots with Satan.
Xpeng autonomy uses lidar, Tesla uses vision. Below, Elon and Andrej Karpathy (director of Tesla AI) discuss Tesla's vision approach vs lidar:
I think people will forget. I might postpone the ipo but people will forget. And the further we get away from it the more people will see what really happened. I think Elon posted a conversation with vlad on YouTube or something where he came pretty clean and sounded like a reasonable explanation.
If Elon is cool with RH, everything will be good.
As I mentioned before, I am not a RH user, but I hope their customer base stays engaged and keeps buying!
I guarentee if you are concerned about what the GME/AMC squeeze has done to the market in the last week that you are not new to investing and have enjoyed this amazing wave we've been on the last 4-5 years. Yup I'm 100% sure in my convictions
1 month of a squeeze is not going to impact anything in the long run. I get it, your mad bc your portfolio performed poorly last week and honestly you wish you could go back a week and buy AMC/GME
If Elon is cool with RH, everything will be good.
As I mentioned before, I am not a RH user, but I hope their customer base stays engaged and keeps buying!
I don't know. The millennial crowd can be very fickle. They are also big into the cancel culture. I have heard that many will be switching to another platform like SoFi. Bet big on IPOE. The warrants for IPOE are also very attractive. I would however wait for IPOE to come down to around 20 or so before buying. If you do buy IPOE, then you should buy in multiples of 4. This will allow you to take full advantage of the warrants linked to IPOE.
I haven't turned on CNBC since Friday, but if the freeriding violations I'm seeing with sophisticated investors at my firm is any indication, I would be shocked if Robinhood won't be deemed insolvent from a regulators perspective several days last week. Unfortunately, firms have higher standards then just letting redditors will stocks to the moon. Robinhood might wanna reserve some of that $2.4 billion infusion of capital to pay fines coming.
It's not neccesarily an "Altruistic" greater good. This also has a lot to do with the fact that for years how often did you hear "Stupid Millenials". Here's the thing, Millenials didn't forget that and now they have buying power and market share, Boomers don't wan't to give that up which is part of why every mouthpiece in washington is over 70. This reddit community and its 8 million followers are made up of probably less than 1% folks over the age of 50. In other words, no one cares about boomers and in fact this is also a level of screw you to that generation. Don't believe that's what's happening? Take one look at the subreddit. Today has seen more people calling out fake news than a Trump rally. It's wonderful madness!
And let the record show with the way you speak on this thread I seriously doubt this has had any long term lingering effects on your retirement. Unless you are in bed with Melvin or Citidel... Then you are F*CKED
Does Tesla sell vehicles that will be price competitive when bids are out to purchase the EV fleet?
Now it appears that RH is trying to raise an additional $1bn of debt on top of the $3.4bn of equity it raised over the last several days. Recall that RH initial borrowed $500mm or so at the outset of this, and it’s not clear whether those funds were repaid. Depending upon that, RH will have required somewhere between $4.4-5.0bn since last Thursday.
Let’s just say that most customer bases wouldn’t be so willing to ignore that information, and it’s a good thing RH is not a public company.
Covered half of my GME shorts at 225. Will cover the rest at 120. First time in a long time I made some trades that paid off. Looking to re-established TSLA shorts and go long some VXX. Would love to play VQLD but no ETF to trade.
It’s a terrible business model. Small balance accounts that only focus on high volatility stocks. I don’t know why other shops will even want this client base.
Gee, that's a lot of debt. They either dug a really big hole already or plan to let their customers go wild again to make up for cutting them off.