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TSLA did not make it into S&P. ETSY did get in
Posted on 9/4/20 at 4:55 pm
Posted on 9/4/20 at 4:55 pm
where do we see TSLA going now from a price stand point?
How bout ideas on ETSY which did get in?
CTLT and TER also go in
How bout ideas on ETSY which did get in?
CTLT and TER also go in
This post was edited on 9/4/20 at 4:57 pm
4
Posted on 9/4/20 at 5:16 pm to Bamboozles
RIP rh bros
Posted on 9/4/20 at 5:25 pm to Bamboozles
Short term one is already up, the other is already down.
Long term, they're the same company as they were prior to getting in
Long term, they're the same company as they were prior to getting in
Posted on 9/4/20 at 9:56 pm to Bamboozles
Well I feel like an idiot. I figured that once a stock met the rule requirements, they wouldn’t exclude a stock with a market cap in the top 250 let alone the top 10.
Frankly, while I don’t understand why Tesla is valued that high, I think it’s nonsense to not include them with that large of a market cap, especially when it’s like 9 times bigger than the 3 they did include today COMBINED.
Frankly, while I don’t understand why Tesla is valued that high, I think it’s nonsense to not include them with that large of a market cap, especially when it’s like 9 times bigger than the 3 they did include today COMBINED.
Posted on 9/5/20 at 9:42 am to buckeye_vol
Maybe because those folks at the S&P realize that when Tesla loses their ability to sell their carbon credits (which is total BS anyway) to other auto makers then they aren’t and haven’t been profitable from the get go. But Idk.
Posted on 9/5/20 at 12:17 pm to buckeye_vol
quote:Don't feel bad about it. Apparently the S&P500 Index people knew about TSLA's accounting creativity as explained in this article.
Well I feel like an idiot. I figured that once a stock met the rule requirements, they wouldn’t exclude a stock with a market cap in the top 250 let alone the top 10.
LINK
quote:Moving 71% of three years worth of carbon credits sales into just two quarters in order to show a quarterly profit in those 2 quarters only reinforces my long-held belief that Musk can't be trusted when it comes to his cooking the books.
And while Tesla is now eligible to join the S&P 500 after recording profits for 4 consecutive quarters, Johnson argues this is probably only due to recognizing “71% of the full value of the FCA credits due to the company over the next three years in just two quarters.”
Posted on 9/5/20 at 12:45 pm to buckeye_vol
Placing a company with a market cap that high that has never proven to ink out a profit or sustainable free cash flow without accounting tricks nor proven they have sustainable growth in a dying industry while the global economy is half shut down doesn't seem very mysterious.
Posted on 9/5/20 at 1:13 pm to Bamboozles
Both TSLA and ETSY are great long term holds IMO. Hard to have a rational discussion about TSLA though. Both sides are extremes.
Posted on 9/6/20 at 8:41 am to wutangfinancial
Four profitable quarters in a row. Not saying it is enough to throw up your hands butthey are not doing poorly. They are the company most ready frl the transition to EV
Posted on 9/6/20 at 9:14 am to jmarto1
quote:
Four profitable quarters in a row.
Again, they are ONLY profitable because they are selling CC to other manufacturers. That gravy train about to run out and then guess what? No more profitability. S&P made the right call, despite fanboys thinking otherwise.
Posted on 9/6/20 at 10:45 am to LSURN98
By CC you mean the emissions credits?
Nevermind, I read the previous post
Nevermind, I read the previous post
This post was edited on 9/6/20 at 11:03 am
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