What if we all bought some Tesla Stock to counter the short sellers and the rest of the Tesla heaters?
Things will level out in time, probably not at 420/share though...
Help to improve cash flow by purchasing some swag from the Tesla store instead.
Or better yet buy a (or another) Tesla.
Yes, by from Tesla not more shares.
As a Tesla owner I think it's a great product. But I've never understood a valuation larger than gm or ford?
As individuals with thousands of $$ we are NO match for hedge funds who gamble with many billions of dollars of other people’s money!!
Why does it matter? Within 2 years Elon Musk will be the richest man on earth thanks to starlink. At that point he could buy tesla and do it all his way without the SEC. If he felt vindictive he could give a ridiculously high amount and break all the short sellers, if he wanted.
Don't all Tesla owners already own the stock? ;)
I bought stock and a tesla within the past month. I would encourage others to do the same. Put some skin in the game. Anyone driving a Tesla has an abundance of skin in my opinion.
It was discussed before shorts need to borrow stocks to sell that include ones you own. Your brokerage firm can lend you shares to them without your approval. One way to take your shares out of circulation is to put a sell order at a very high price, say 5,000, good for as long as your brokerage firm permits. I have kept to renew mine every 90 days so I'm not guilty of assisting those shorts.
Good tip, carlk. Thanks.
Buying stock is fundamentally more advantageous to Tesla than buying accessories. Buying another Tesla car is a bigger step since many have already bought all the Tesla's they need..
Tesla if the stock were to drop below let's say $50 could be a target for a hostile takeover. Tesla could be broken up and its assets sold off.
Here is why percentages matter. Suppose Elon and Tesla owners collectively own more than 50% then they are protected against such a takeover. Wall Street short sellers and institutional sellers will sell their own children for a profit. They aren't in it to save the planet by changing the transportation industry.
Now if we all buy say $20,000 of Tesla stock and the stock increases in value to say $100,000 in a few years we essentially get a free car if we sell to the institutions and shorts as they cover their exposure.
I sold three quarters of my Tesla shares last year when it was at $375.00 a share. Now its $190.00 a share. I only let it got for tax purposes. We have TSFA accounts in Canada. Its our only tool to keep money out of our governments hands. So was intending and putting it back in after the new year when I was able to do that with the government rules, but it has been on a slide ever since. Then just this morning was I reading some financial reports one ( aren't they all know it alls? ) said he figures Tesla will drop to $10.00 a share and that Apple will buy them up. Who knows. To me they are just all fortune tellers.
Rubbish! Jonas, that is.
Doug.. agree with you in principle, but quantitatively, I already have, or rather had, 100k in Tesla between the car and a 100 shares.
I expect most here are already in. But imagine if 500k owners bought say, a sunshade. A fair amount of cash, and something we all can use.
@EVRider, @dougk71 I already own an S,X Tesla Solar panels 4 Power Walls and Tesla Stock
I'm on board now. I have a high limit SELL order for all my TSLA shares.
I also saw this tip on Tesla Time News. If all of us TSLA shareholders placed a high limit sell order, we'd squeeze the shorts out.
@Tropopause should post on other sites
I was responding the carlk's post above:
"One way to take your shares out of circulation is to put a sell order at a very high price, say 5,000, good for as long as your brokerage firm permits. I have kept to renew mine every 90 days so I'm not guilty of assisting those shorts."
This action might be as powerful, if not more so, than merely buying TSLA stock.
What’s the cost of having stock certificates sent to you, in your name, instead of the brokerage firm name, $25 ? That would also stop brokerage firms from voting your shares if you don’t vote each time...
I already did and I'm down $19K.
@AIA304 I believe stock certificate had been outlawed some years ago to prevent any frauds when people trade stocks under the table.
Carlk It’s been awhile since I’ve held any stocks certs in my hands, thanks for the update...
I just put my 14 shares out there on a limit order for $5000. Sure hope someone buys them - $70,000 will go a long way toward paying for my new S. :-D