Also note that the total net income for the first nine months of 2020 ($451M) matches almost exactly the increase in A/R balance ($433M). A/R balance is now 1.76B, dwarfing their reported profits of $451M.
1/5
2020 Predictions Report Card
Item 1 - Tesla will lose more money in 2020 than 2019.
❌
I missed this one clearly. Didn't realize that they could recognize three years of credits in a single year, because I was using GAAP. Tesla does not appear to be conforming to GAAP here.
2020 Predictions:
— Dean Sheikh (@DeanSheikh1) January 19, 2020
Tesla will lose more money in 2020 than in 2019.
The Model S will be discontinued.
MY prices will be cut $2K+ after the first batch of suckers make their purchase.
MY SR+ will come out this year to hide lack of growth from the weakest retail investors.
Also note that the total net income for the first nine months of 2020 ($451M) matches almost exactly the increase in A/R balance ($433M). A/R balance is now 1.76B, dwarfing their reported profits of $451M.
✔️❌
They didn't discontinue. They dropped the price $10,000 instead. Combining this will the price cuts in 2019, including free EAP, gross margins for the Model S are now decisively negative. Giving myself partial credit on this one. (:
✔️
Ding ding ding. Prices were cut $3K right after initial backlog was filled.
❌
Missed this one. My best guess is that M3 SR+ are so low, they don't want to offer a similar MY variant.
❌
Again, missed this one. Price cuts had no effect on reported margins and China appears to have been profitable even running at 20% capacity. Other manufacturers need to run at 80% capacity to be profitable. Not Tesla. Magical automotive company.
✔️
That one was a layup of course.
Item 7 - FTC lets Tesla sell robotaxi software.
✔️
Another layup.
Item 8 - Teslas will continue to hit stationary objects
✔️
I'm on a roll. Three in a row.
✔️
Price were cut $5.5K in Germany, and $4.5K in other EU countries.
More from Trading
I spent over 100 hours studying the best patterns in Technical Analysis taught to me by @niki_poojary.
Turns out, patterns trading is simple—if you follow these 8 Patterns:
Let's start: ↓
While studying her Twitter profile and with constant talks with her, I found these to be the most important patterns she focuses on always.
Then I wrote a small summary of what each pattern means.
Also attached are some examples from her tweets.
1/ Cup and handle Pattern
Happens during an uptrend.
The cup portion has a U-shaped appearance.
The bears are getting weaker as they are unable to drive the prices below the last low.
Subhasish Pani uses this a lot in stocks to spot bullish trades.
Eg
Eg
Turns out, patterns trading is simple—if you follow these 8 Patterns:
Let's start: ↓
While studying her Twitter profile and with constant talks with her, I found these to be the most important patterns she focuses on always.
Then I wrote a small summary of what each pattern means.
Also attached are some examples from her tweets.
1/ Cup and handle Pattern
Happens during an uptrend.
The cup portion has a U-shaped appearance.
The bears are getting weaker as they are unable to drive the prices below the last low.
Subhasish Pani uses this a lot in stocks to spot bullish trades.
Eg
5: When to play directional:
— Nikita Poojary (@niki_poojary) December 18, 2022
Whenever the index is moving in a single direction, its important to go with the trend.
A few weeks ago when BNF broke out of the cup and handle pattern, all we had to do was sell PEs.
Pls note: weekly TF chart is attached to just show the C&H BO pic.twitter.com/z0wgUzJW8t
Eg
#VOLTAS Another cup & handle pattern for cash positional pic.twitter.com/Jsc99xJfwY
— Nikita Poojary (@niki_poojary) October 23, 2019
You May Also Like
1/x Fort Detrick History
Mr. Patrick, one of the chief scientists at the Army Biological Warfare Laboratories at Fort Detrick in Frederick, Md., held five classified US patents for the process of weaponizing anthrax.
2/x
Under Mr. Patrick’s direction, scientists at Fort Detrick developed a tularemia agent that, if disseminated by airplane, could cause casualties & sickness over 1000s mi². In a 10,000 mi² range, it had 90% casualty rate & 50% fatality rate
3/x His team explored Q fever, plague, & Venezuelan equine encephalitis, testing more than 20 anthrax strains to discern most lethal variety. Fort Detrick scientists used aerosol spray systems inside fountain pens, walking sticks, light bulbs, & even in 1953 Mercury exhaust pipes
4/x After retiring in 1986, Mr. Patrick remained one of the world’s foremost specialists on biological warfare & was a consultant to the CIA, FBI, & US military. He debriefed Soviet defector Ken Alibek, the deputy chief of the Soviet biowarfare program
https://t.co/sHqSaTSqtB
5/x Back in Time
In 1949 the Army created a small team of chemists at "Camp Detrick" called Special Operations Division. Its assignment was to find military uses for toxic bacteria. The coercive use of toxins was a new field, which fascinated Allen Dulles, later head of the CIA
Mr. Patrick, one of the chief scientists at the Army Biological Warfare Laboratories at Fort Detrick in Frederick, Md., held five classified US patents for the process of weaponizing anthrax.
2/x
Under Mr. Patrick’s direction, scientists at Fort Detrick developed a tularemia agent that, if disseminated by airplane, could cause casualties & sickness over 1000s mi². In a 10,000 mi² range, it had 90% casualty rate & 50% fatality rate
3/x His team explored Q fever, plague, & Venezuelan equine encephalitis, testing more than 20 anthrax strains to discern most lethal variety. Fort Detrick scientists used aerosol spray systems inside fountain pens, walking sticks, light bulbs, & even in 1953 Mercury exhaust pipes
4/x After retiring in 1986, Mr. Patrick remained one of the world’s foremost specialists on biological warfare & was a consultant to the CIA, FBI, & US military. He debriefed Soviet defector Ken Alibek, the deputy chief of the Soviet biowarfare program
https://t.co/sHqSaTSqtB
5/x Back in Time
In 1949 the Army created a small team of chemists at "Camp Detrick" called Special Operations Division. Its assignment was to find military uses for toxic bacteria. The coercive use of toxins was a new field, which fascinated Allen Dulles, later head of the CIA
