TSLA is having an enormous problem. First off I live in Austin and I drive by the plant every once in a while. They have cars stacked 4 and 5 high, looks like almost a 1,000 if not more. Cybertrucks too. They have finally caught up to demand and now have way too much supply. The CyberTruck is a dud. I canceled my order, so did everyone else I know. The Model Y and 3 seem to sell well but I rarely see a new model X or Y. So the high end has stopped moving. Plus they have lowered the prices so much they have destroyed the high margins they were making. Plaid has gone from almost $140k to less than $100k. That’s a lot of profit gone. Tesla dealerships have them stored to the Moon. Same thing cars stacked 4 and 5 high and parked all over the place. At other Dealerships I am being told by friends who live in other parts of the Country that it’s worse.

The entire car industry is having massive issues but Ford and GM are not valued at 60xs forward earnings.

I think Elon is going to try to preempt the Earnings disaster with his “RoboTaxi” announcement on the 10th. 1 week before earnings on the 16th. Try to ride the “AI” hype.

Power-walls don’t sell, Solar does not pencil out, and they are not building a robot anytime soon.

But they still can’t make my dam Roadster, been on order for 4 years plus.

Me thinking of taking out a nice Put position for the 16th. Short term Puts will be cheap and stock has rallied back over $250. Perfect timing to knock $50 bucks off the stock.

That’s what happened last time.

Thoughts WSB wizards?

TSLA Puts, out of the Money, for the Win?

Or don’t bet against Elon. I am a huge fan but I can do math too and theirs just does not add up.