What's ironic about Musk's reckless tweet is that any buyout will now have to also include money to pay for potential lawsuit damages. Longs bought shares on Tuesday's announcement to see their gains disappear as doubts of Musk's truthfulness surfaced. Longs who were holding OTM calls at 420+ saw the value of their contracts drop as Musk effectively capped upside. Tesla is now liable for damages to both shorts and longs! Amazing, but as both sides can agree on, Tesla is a special case!

https://www.reuters.com/articl... The Reuters article seems to be backed up better, but I don't put it past the Saudis to agree to talks to help them preserve the value of their recent open market stock purchase so they can to proceed to liquidate. Rei "forgot" to mention not only was SoftBank not interested last year in Tesla because they wanted Musk out, but they also said $300 a share was too expensive. From SoftBank, some of the dumbest money around. And this was when Tesla'a finances weren't nearly as precarious as they are today. Speaking of Tesla's finances, GreyBar just slapped a mechanics lien against Tesla, adding to the growing pile. They are a Fortune 500 electrical services company. First large vendor not getting paid. And lest you think high level talks always portend of something coming to fruition, remember Lehman? https://www.reuters.com/articl...

*sigh* This lie gets repeated so much, even now. I don't feel like wasting key presses again so take a look at the link. A picture is indeed worth a thousand words. If you don't understand then please take a course on basic accounting principles. https://pbs.twimg.com/media/Dh...

Montana Skeptic always states he's short Tesla in his analyses.

People calling Montana Skeptic a troll don't know the definition of a troll. Educate yourself. Skeptic's analysis has been far more objective and fact-filled than anything the bulls have had to offer. One should question why all some can do is label him a troll instead of arguing his points.

History has shown that the conman of the business world have attempted to scapegoat short sellers for the destruction caused by their frauds. See Enron.

I believe you're referring to the 200K FIT credit expiration. That applies to total US deliveries per manufacturer and has nothing to do with production. On that topic, some predict it was already exceeded before Q3(though only Tesla knows for sure at this point) https://insideevs.com/why-we-b...

Read what Elon actually said. 5000 Model 3s were 'factory gated', not produced. That means, according to Elon himself, a chunk of that number were already built at the beginning of the last week of June. Knowing this week was coming up, that chunk could be a significant portion. They are counted in the final tally even though in the last week Tesla may have done as little as move them from one lot to another. So Tesla didn't even pull off a true 5K burst week. This is why sustained production numbers are the only accurate ones. Those numbers are what Moody's pays attention to.

Elon's exact quote to his media side kick Fred Lambert: “Not only did we factory gate 5000 Model 3’s, but we also achieved the S & X production target for a combined 7000 vehicle week!” https://electrek.co/2018/07/01...

Notice the difference in terminology between what is said of the 3 vs. S & X. "Factory gate" means the cars are made ready for delivery. Though, given that some pics taken of cars in that state show even that may even be a stretch(on top of Tesla's historic reliability issues with the Model 3 after the customer takes delivery). So what Elon is saying is that there were already Model 3s produced and waiting in a lot at the start of the last week of June. Those cars are included in the 5000 unit tally even though they were already produced and may have just needed to be moved from one lot to another. That's why sustained rates are the only true measure.

But really, given Elon's past antics is this a surprise? These word games Elon plays with numbers are so tiresome. The only people who still fall for it must have been told a dozen times by their parents that the Easter Bunny doesn't exist before they started to believe it.

Then why did Tesla buy out Solar City in the first place and take on all that dead weight? There's no logical reason other than because Musk needed to bail out himself and other insiders. As well as not take a hit to his reputation that a company with his stamp on it going under would do.

Check out the news paper pic in particular: https://twitter.com/skabooshka... This new line isn't near completion.

Haha! Oh, wait, you're serious? Let me laugh even harder. Tesla has more employees per car produced then every other manufacturer, even when taking into consideration they own their own service centers and don't depend on a dealer network. Musk wasted billions thinking he was smarter than everyone else by trying to over automate final assembly. Almost a year after the Model 3 went into production, billions have been wasted and the total number of cars built is barely over 30K. Tesla is a farce when it comes to efficient manufacturing.

Sure looks like it's rocking at over 700 Model 3s per day, huh? https://www.zerohedge.com/news...

It's very appropriate; Tesla is quite the circus of a company.

Actually, he does, though he's much more concerned about the institutions who own the bulk of TSLA. Because if the stock price drops enough then he'll be margin called on the loans he took out against his shares. He'll be forced to sell his own position in the company. It'll be an interesting show to watch. Six or so institutions, along with Musk, own ~75% of the shares. Once one of them gets spooked enough by the deteriorating financials and starts dumping, that could trigger the others to start dumping, which at some point could trigger a margin call against Musk's shares. On the other side, you have largest position by short sellers of any company, who at some point will have to buy shares to cover their position, pushing the price up. Even Enron took a while to go to 0.

True! Just look at Musk. He's borrowed hundreds of millions of dollars against his Tesla shares to maintain his jet-setting lifestyle. He doesn't have to pay taxes on it and he doesn't risk upsetting the house of cards by selling shares and spooking others to sell.