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No longer an investment vehicle. A magical roulette wheel where every number is red. The question is ..when the panic selling starts ..who gets out and who is left holding the bag.
695 was the price in the closing auction. The last price during regular trading was ~658.
Normally the price in the closing auction will be similar to the last price in regular trading. But today a lot of S&P500 tracking index funds were buying in the closing auction, which caused price to jump in the auction.
Thanks for the explanation. Wonder how this affected options on tesla as those prices were really off as well.
I have 500 shares purchased at $115 (adjusted for split). If I sell now, my tax bill in CA is 38% with my income. Tax is a big problem. After 1 year tax rate goes to 26% which is a little better. If I move to somewhere with no state tax, it would be 20%. I will hold it for 10 years when EV makes up 50% of all new cars sold. Yes. I know it is way overpriced right now. Tesla is more than the next 9 cars companies combined.
I have 500 shares purchased at $115 (adjusted for split). If I sell now, my tax bill in CA is 38% with my income. Tax is a big problem. After 1 year tax rate goes to 26% which is a little better. If I move to somewhere with no state tax, it would be 20%. I will hold it for 10 years when EV makes up 50% of all new cars sold. Yes. I know it is way overpriced right now. Tesla is more than the next 9 cars companies combined.
Buy a house next to Elon lol, no state income tax =)
Thanks for the explanation. Wonder how this affected options on tesla as those prices were really off as well.
Depends on what newspaper you have read or chat forums you have visited this weekend,lots of talks of TSLA has gone as far as it can so sell it.
But are there more funds which need to buy,if so,must they buy it next week?or would they wait for a lower entry point?
Options have priced in 35 points move on Monday.
ASK to your question,Friday option price did not adjust to the last minute 35 points jump,so where it goes,you shall find out tomorrow.
If it opens at 695 ,your call options premium will be up sharply,your put will be down,play it your way
And why wouldn’t the stock shoot up another $150 a share in a matter of weeks?
I think Elon should start trading weather next. Maybe hook up jet packs to his cars. Or start using Bitcoin for major transactions.
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