Tesla Earnings, MP and RIVN Lows, SpaceX Valuation, And Much More
Here’s the transcript from today’s live Q&A chat. Also, don’t forget to follow us on Twitter!
Q. Good amount of mainstream (CNBC, FinTwit) fear in TSLA with concerns over possible price wars so I bought a tiny bit. For reference, the last of Cody’s “where I’d buy more” (that I’m aware of) was at $150.
A. Yes I’d buy more near $150. I did nibble a few call options for Tsla dated out to one month or so for the hedge fund. But tiny. It’s been a big position for us since I told you all I made it our biggest position back when it before it went up 2000%.
Q. RIVN and MP breaking new 52 week lows.
A. We nibbled a little bit of both today for the hedge fund. Easy does it though. Both have been painful lately.
Q. Hi Cody, would you still rate SpaceX a 9 at the current valuation of around $150B? Thanks.
A. The current market cap is somewhere around $150 billion but to buy direct shares from an ex-employee it is valued even higher. Yes I still rate it around 9/10 as I think Starlink could be worth $100-150 billion on its own in a couple years.
Q. What’s a good stock to buy deep ITM calls on with a relatively near expiration date?
A. Maybe Uber or Rivn or intc would be my top choices.
Q. Cody: with the cautious email, are there any short positions/puts you’re a fan of? The WFC have been hit hard, BAC doing ok. Do you have any higher conviction shorts/puts?
A. Favorite shorts right now include: smh, solar stocks, coin, vsat, gm.
Q. What would $TSM be worth if China invaded Taiwan?
A. Probably 20-30% less over night. And then who knows.
Q. CODY from writeup on QCOM yesterday kida feels like its dead money for next couple year based on your analysis would you agreee with that asessment ??
A. Not sure it’s dead money since it’s so cheap. Could rally 50% and still be fairly priced.
That’s a wrap folks!
