Pulkit

@elonmusk So how many more months or years to get there - your best estimate pls?

Yeah

@BoBbyPleWniaK A few moments later....

Reflections after the big down day I’ve had $500k down days before. This won’t be the last. A lot of those prior were a mix of things going against me plus heavy margin at the wrong time — so the drawdown got amplified. So far I’ve seen 500k yesterday and over a million in July. Yesterday was different. I was primarily just holding shares. A few short puts, but nothing large (under 10% portfolio margin). So this move hit a little differently. I thought a lot about how I was positioned leading into earnings. If I could go back, I’d probably do it all the same based on the information I had. Nothing was pointing to this outcome that would have made me reduce exposure. Had there been something obvious I missed, I’d be more upset with myself. There wasn’t. I feel I was making solid decisions at the time. I just ended up completely wrong — and I can live with that. What now? My hands are mostly tied. I’m not looking to add meaningful new exposure. I’m going to let the June 2027 short puts play out as intended and keep the underlying $TSLA shares uncovered. I’ll take ownership of those tsla shares if we stay under 400. There’s really not much to do here until we get back over $400 — that’s where the call premium starts making sense again for me. So I’m sitting tight. No active trading or posting here until we get near $400. (This will give my wife a laugh if she reads it @maryeoz.) I think it’s the right call for me right now. Of course I’ll post any trades if they happen, but I’m not forcing anything. I’ll be enjoying the USA the next 3 weeks while we’re here. Then it’s off to France to move onto the catamaran December 10th with no return eta for years to come. If anyone is near Jacksonville, FL and wants to get together for some steak and chat about whatever — send me a DM. Let’s connect. Until then, expect to see less of me around here was I’m going to make a larger effort to be present with my wife during the pregnancy and enjoy this wonderful life. I only have one shot at life and I’m going to do my best to get the most out of it here.

@BoBbyPleWniaK How are you positioning for further sell off?

The lower $TSLA goes, the less stress I get. You might find it surprising, but it’s true. I’m stressed out over $450 for this exact situation playing out. Sure, it may be nice when it’s up, but this is what I fear, and here it is. The lower she goes, the more this risk is reduced. All we know is that the $110 range was the $TSLA bottom from 2022. I don’t think it comes close again. So maybe we can say somewhere in the 200s is the bottom. Don’t be fooled though—no one knows where a “support” level is on this stock. All bets are off if she wants to keep selling off. She does what she wants.

@BoBbyPleWniaK It's down $50! Is this not the worst absolute drop?

Only gaps above. $tsla

@BoBbyPleWniaK They just did!

It would be impressive if the shorts can get the stock to sell off sub 360. $TSLA

@BoBbyPleWniaK Meaning?

@DillonLoomis @grant_melson Any comments @aelluswamy @elonmusk? Really a sad state of affairs if true!

Not to be that guy, but this is right before earnings...again. This happened with Dallas and Houston last quarter and 94 days after those launches Tesla is still ~5-10 active vehicles in those locations. Just something to keep in mind $TSLA

@BoBbyPleWniaK I don't agree. It's much harder for SpaceX to get to 200 now vs Tesla getting to 550. My take, could be wrong.

$SPCX vs $TSLA right now Everyone just watched $SPCX drop 40% from ATHs in a few weeks. If you’re going to gamble on either one, a lot of people will lean $SPCX right now. Here’s why: Just getting back to ATHs is already a favorable move for $SPCX. Buyers can get way more shares of $SPCX vs $TSLA for the same capital (shouldn’t matter, but it does). Premium on $SPCX is so much better for options plays compared to $TSLA. Both have Elon risk so that cancels out — but $SPCX isn’t nearly as trashed in the media as $TSLA. I've personally been buying more $SPCX since it went sub 150. I havnt touched adding anything to $TSLA. If I want elon exposure, I'm going to buy $SPCX. If I didnt already have my $TSLA shares, I'd maybe buy 1/10 TSLA and the rest SPCX.

@BoBbyPleWniaK Be surprised

It's pretty easy now with both $TSLA and $SPCX at a 1.5 trillion market cap. I'll buy $SPCX. Better premium and it just fell 80% from ATHs. If I'm going to place my bets, I like that risk-reward. $TSLA is dead money now. I wouldn’t be surprised if many $TSLA investors have completely switched over to $SPCX here.

@BoBbyPleWniaK All those who were vocal on the day are so silent now. Knew that this was coming!

Majority of all retail that bought in $spcx on ipo day are down at least 30%. What a way to raise money and leave everyone holding the bag. Equity markets are something special.

@BeatGreatFilter @BoBbyPleWniaK And then acts the same after earnings as well!

@pulkitonline @BoBbyPleWniaK It acts like this prior to earnings every time basically

Now we need $tsla to beat the expected move to the upside to regain 400. This just sucks.

@BoBbyPleWniaK Many more to come...i think.

Another day $spcx makes new all time lows.

@JoeTegtmeyer @alex_avoigt The few hundred at the outbound lot -- do we know if these are fresh accumulation? Is there a tracking of how many are getting pushed out of the facility daily?

Cybercabs at Giga Texas to start the work week! A few hundred at the outbound lot, about 25 or so at the test track operations site, Cybercabs doing employee pickup and drop off around the factory & some of the older wrapped engineering versions grouped together on the E side for recycling. Check out the action & images here 1/2

@siva17subraman Is he forcing these guys to lift him? The term is called employment.

If you don't have the health to go, why bother going??, better stay at home instead of using other fellow human like slaves 😡

@BoBbyPleWniaK @LoneWolfWealth Did on IREN and now I am sitting on quite a bit of exposure on it! 😀

@LoneWolfWealth To get a little bit of exposure back into the stock, sell some atm puts on it for a month out. Good little trick

By the way, a lot of rookie investors dont know this but, if you sell a stock at a loss and buy the same one within 30 days it will not count as a capital loss.

@genejchan @JoeTegtmeyer x.com/i/grok/share/2…

@JoeTegtmeyer Still Farzads 😅

A $TSLA official account posting this is very different from influencers hyping Cybercabs with unofficial photos NOW it probably means commercial roll-out is imminent

@farzyness All ok?

I love how the entire Tesla community is slowly starting to realize that I was right the whole time re: Cybercab. What a beautiful thing to watch. I’m so proud of all of you. Too bad none of you apologized. And soon, it’ll be time to pay.

@dannycheng2022 You mean $TSLA right?

What would you do if your biggest stock positions have gone absolutely nowhere for the past 5 years, while most other stocks have surged 10x or even more?

@TeslaBoomerMama @elonmusk - a simple 'Yes' will do 😊

I do. Do you?

@BoBbyPleWniaK Agree. Tesla has seen many these of these slides. However, you think SpaceX is not going to 100 soon when the locked up equity comes to market ? Those investors must have bought low double digits...they would be happy to exit (atleast some) at 100.

This $SPCX selloff from 220 is exactly what I’ve experienced each year with $TSLA since 2022. Each of these 50% selloffs is when I made my money. I’ll do the same with $SPCX. Closing my eyes and adding exposure during this. These are the environments I thrive in.