AGY

41.2%

4.8¢ argosy minerals limited

RE tesla stock. Oh gee, he wouldn't be dumping stock to pay his...

First 8434 Last

Share
Profile

Follow
LargusAverta

955 Posts.

166

07/06/24

10:45

Post #: 74210781
Share

Originally posted by Sdaji: ↑

I'm guessing, but not sure, that you are aware of the smoke and mirrors games being played, and are just pretending to believe this rather than being genuinely fooled.

You're no doubt aware than Musk/Tesla has been dumping huge numbers of staff with extremely horrible deals for those staff (more than 16,000 of them, many of whom now face visa issues etc) and Musk has been dumping a large percentage of his stock in the company after promising he would never sell. Musk has also forced workers to sleep on the factory floors between shifts on production lines and warned that this will be ongoing into 2025. I could elaborate further and list more of the blatant signs that things are not well at Tesla, but suffice to say that these are not the actions which would be taken if the company was genuinely turning large and increasing net profits. We all know the games which can be played to cook the books, and sure, if you want to suddenly dump a large percentage of your staff etc while still selling inventory you can have positive cashflow in the short term, but clearly if you're dumping staff in large numbers etc your business isn't thriving and growing in real terms.

Another measure you can use is the share price. Your chart shows a beautiful increase in profits for Tesla while the share price tumbles. Clearly the market isn't as stupid as you are dishonest (or stupid).

This isn't especially a big deal for AGY, a big part of Tesla's woes is Chinese competition producing cheaper (and even worse quality, but the consumer generally doesn't care about value as much as price) EVs, which will still be purchased by the masses, particularly in China, and whether it's BYD or Tesla or anyone else producing EVs, they're using lithium batteries.

Musk knows the figures can only be fudged for so long which is why he has been dumping stock.

Expand

RE tesla stock.
[sarcasm] Oh gee, he wouldn't be dumping stock to pay his twitter "bill" though would he? Nooo, it couldn't be that reason. [/sarcasm]
Note: I'm no Musk fanboi that's for sure, but it's obvious why he's dumping stock. Note also he dumps stock to exercise options on occasion too. Like all things, it's probably not as simple as you are trying to make out.

Last edited by LargusAverta: 07/06/24

AGY Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Nine's staff strike as Paris Olympic coverage begins

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

ASX Market Open: ASX200 to rise for Friday session | July 26

There are more pages in this discussion • 555 more messages in this thread...

First 8434 Last

Add AGY (ASX) to my watchlist

(20min delay)
Last 4.8¢		Change 0.014(41.2%)		Mkt cap ! $69.88M

Open	High	Low	Value	Volume
3.7¢	5.1¢	3.6¢	$2.325M	53.80M

Buyers (Bids)

No.	Vol.	Price($)
4	708717	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	280000	1

View Market Depth

No.	Vol.	Price($)
3	649043	0.048
3	190000	0.047
5	575273	0.046
5	156385	0.045
3	172040	0.044

Price($)	Vol.	No.
0.050	895500	6
0.051	528549	5
0.052	916537	6
0.053	1312055	4
0.054	715777	6

Last trade - 16.10pm 26/07/2024 (20 minute delay)

AGY (ASX) Chart

RE tesla stock. Oh gee, he wouldn't be dumping stock to pay his...

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Nine's staff strike as Paris Olympic coverage begins

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

ASX Market Open: ASX200 to rise for Friday session | July 26

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

RE tesla stock. Oh gee, he wouldn't be dumping stock to pay his...

Top Stories

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Nine's staff strike as Paris Olympic coverage begins

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

ASX Market Open: ASX200 to rise for Friday session | July 26

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News