Tesla's Biggest Bear Says Musk 'Misleading'

Bloomberg Video link: Tesla's Biggest Bear Says Musk 'Misleading' on Model 3 Production

It's arguably better for bulls that Tesla's output is so highly suspect, since the more cars sold the more money the company loses:

"Put bluntly, there is no chance that Tesla can deliver what it needs to, in terms of scaling up revenues and improving profitability, to justify its market capitalization, without raising new equity along the way. Either Musk knows this, and really does not mean what he says, in which case he is being deceptive, or he does not, in which case he is delusional. Neither is a good character quality in a CEO, especially one at a young company that needs investors on its side."

Chart and quote from this excellent blog post.



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