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Rickthegeek

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  • For those still keeping score, Tesla (TSLA) added another 14.38% to last week's post-earnings bonanza , bringing the three-day total percentage change to +57%. Amusingly, the rally didn't let up AH either, as the stock tacked on an additional 2.51%, hitting $90 just before 8 p.m. [View news story]
    I am not long or short this stock.
    May 14, 2013. 07:53 AM | Likes Like |Link to Comment
  • For those still keeping score, Tesla (TSLA) added another 14.38% to last week's post-earnings bonanza , bringing the three-day total percentage change to +57%. Amusingly, the rally didn't let up AH either, as the stock tacked on an additional 2.51%, hitting $90 just before 8 p.m. [View news story]
    In 2009, 465 million was given to Tesla and then in 2011 the San Francisco Chronicle report that more was given to them, but it was an undisclosed number.

    The statement I wrote should have been millions, but we don't really know if it was approaching a Billion. So far I have not been able to find any concrete number. Anyway, the taxpayers should not be giving out loans to private businesses without the consent of the voters. I don't remember voting to give out loans to Tesla, GM or any other bailout company. Free enterprise no longer has any meaning.
    May 14, 2013. 07:43 AM | Likes Like |Link to Comment
  • For those still keeping score, Tesla (TSLA) added another 14.38% to last week's post-earnings bonanza , bringing the three-day total percentage change to +57%. Amusingly, the rally didn't let up AH either, as the stock tacked on an additional 2.51%, hitting $90 just before 8 p.m. [View news story]
    A lot of passion for a stock that counted sales of vehicles that have not even been delivered yet. Tesla cooked the books for this quarter by accepting payments on not yet closed or delivered vehicle sales. This does not make any sense. Where else is there a company who counts future sales revenues for a future quarter for the current quarter? Why isn't the SEC getting involved? Isn't this fraud? Oh, that's right, since Obama gave billions to Tesla, our administration will help Tesla look good even if what they are doing is fraud. What else is new.

    Do a search for Tesla Cooking the Books and read the Bloomberg article.
    May 13, 2013. 10:43 PM | 1 Like Like |Link to Comment
  • Shares of Tesla Motors (TSLA) move up 2.3% premarket as last week's earning report euphoria doesn't show any early signs of fading. Pacific Crest may have seen enough of the momentum/short squeeze run, warning that over the long term the automaker needs to ramp up gross margins to 25% from 5% and demonstrate sustainable demand. [View news story]
    Here is the article people:

    Tesla Motors recently announced that it recorded its first-ever quarterly profit, a very important step for the company that took government loans to develop an relatively affordable electric saloon. Whether the Model S is a truly affordable EV is another question, especially now that Tesla has pulled the plug on the 40 kWh-battery variant of the Model S – which was also the cheapest.
    Coming back to the profit reported by Tesla for the first quarter of this year, it seems that the company pulled a few strings to make it happen. According to a report from Bloomberg, Tesla urged customers who had reserved cars, but had not yet made their payments, to do so.

    In a March email sent by Tesla to a client, the carmaker asked for help in reaching the milestone that would help the company and its customers:

    “Tesla is right on the cusp of profitability this quarter for the first time in 10 years since the company started. This is a huge company milestone that will not only be great for the company, but also for our customers. In order for Tesla to be able to count your Model S for the quarter, we simply need to receive payment,” reads the email obtained by Bloomberg Television’s Cory Johnson, who said Tesla confirmed the email.

    What this means is that Tesla became profitable by receiving payments ahead of schedule, also giving its stock price a significant increase in the process. However, there could be a side effect to this move – Tesla’s second-quarter results could suffer since payments that would have been made in the coming months were made ahead of schedule.

    You can watch Bloomberg Television’s report on this interesting story below.


    By Dan Mihalascu
    May 13, 2013. 07:15 PM | Likes Like |Link to Comment
  • Shares of Tesla Motors (TSLA) move up 2.3% premarket as last week's earning report euphoria doesn't show any early signs of fading. Pacific Crest may have seen enough of the momentum/short squeeze run, warning that over the long term the automaker needs to ramp up gross margins to 25% from 5% and demonstrate sustainable demand. [View news story]
    Bloomberg, Cory Johnson. Go to the internet, type in Tesla Cooking The Books and read the article.
    May 13, 2013. 07:09 PM | Likes Like |Link to Comment
  • Shares of Tesla Motors (TSLA) move up 2.3% premarket as last week's earning report euphoria doesn't show any early signs of fading. Pacific Crest may have seen enough of the momentum/short squeeze run, warning that over the long term the automaker needs to ramp up gross margins to 25% from 5% and demonstrate sustainable demand. [View news story]
    Source is Bloomberg, Cory Johnson. What was said was Tesla was taking payments on cars that have not been delivered so that they could show a profitable quarter.

    Go to the internet and type in Tesla Cooking the books. Read the article.
    May 13, 2013. 07:08 PM | Likes Like |Link to Comment
  • Shares of Tesla Motors (TSLA) move up 2.3% premarket as last week's earning report euphoria doesn't show any early signs of fading. Pacific Crest may have seen enough of the momentum/short squeeze run, warning that over the long term the automaker needs to ramp up gross margins to 25% from 5% and demonstrate sustainable demand. [View news story]
    Did anyone else see the news report over the weekend that TSLA counted sales for this past quarter of cars that have not even been closed on yet? They counted cars as sales that had deposits on them, but had not yet been delivered or actually closed the deal and collected the money.

    Classic cooking the books. You should not count it as sold until the unit is delivered and paid for. Whether it was paid by cash or financed.
    May 13, 2013. 08:17 AM | 2 Likes Like |Link to Comment
  • My K.I.S.S. Portfolio May 2013 Update [View article]
    Really good analysis.
    May 13, 2013. 07:51 AM | Likes Like |Link to Comment
  • Qualcomm: 2 Opportunities Bears Might Have Overlooked [View article]
    QCOM nice balance sheet and they provide parts to more companies than just AAPL. QCOM at current levels is a buy.
    May 8, 2013. 11:19 PM | Likes Like |Link to Comment
  • Striving To Understand Cisco's Intrinsic Value [View article]
    Very good information. CSCO is very cheap.
    May 8, 2013. 11:05 PM | Likes Like |Link to Comment
  • Facebook Shares Should Come With A 'Dislike' Button [View article]
    I would take my chances with AMZN before FB any day. Even though AMZN has a crazy P/E ratio also.
    May 8, 2013. 10:08 PM | Likes Like |Link to Comment
  • Facebook Shares Should Come With A 'Dislike' Button [View article]
    This stock is well over valued, no thanks. Today's P/E says 562.65. There is no way you should own this stock.
    May 6, 2013. 06:35 PM | 2 Likes Like |Link to Comment
  • LinkedIn Like Microsoft And Baidu - Watch Out Below [View article]
    Today's P/E is 680.46. This is way beyond my parameters as a stock that is a good value. This is a dangerous stock to own. Their business model may be good, but I don't see how the price per share justifies a company that is in my opinion just OK.
    May 6, 2013. 06:30 PM | Likes Like |Link to Comment
  • Short Interest In Nokia Falls Sharply [View article]
    Was thinking the same thing.
    May 6, 2013. 07:58 AM | 1 Like Like |Link to Comment
  • Natural Gas Boom's Top 3 LNG Exporters: 1st Promising Player, Cheniere Energy [View article]
    Superb.
    May 5, 2013. 06:57 PM | 1 Like Like |Link to Comment
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