Tesla; "It's a s--t show"

We have a front-runner for most apropos headline of the year, courtesy of the New York Times: Tesla insiders say ‘it’s a s–t show’

"“Elon talks about being a socialist and doing good for mankind — unless you work for them,” says one source. “It’s a s–t show.”"

In other Tesla news, the company issued a press release Friday at nearly midnight announcing that it will remain a public company.

Since the idea of going private was fantasy at best, and arguably transparently fraudulent, this isn't really news to anyone with any sense, however it's telling that the company made this determination on Thursday yet waited until late-night Friday to release it to the public.

One hopes that the SEC is closely examining insider and related-party trading as part of its investigation(s).

In more uplifting and related news, here's what a real genius, real inventor and real billionaire is up to, courtesy of GQ UK: Inside James Dyson's all-or-nothing quest for an electric car

"For decades, James Dyson made his billions reinventing housework. Now 71, he’s targeting a new legacy - one that’s pitting him against Silicon Valley’s most enigmatic futurist, Elon Musk. But is Britain’s vacuum visionary risking his fortune? And just how far will he go to clean up in the cash-haemorrhaging world of electric cars?"

Perhaps Dyson, if not sane stock valuation, the SEC, the bond market, mounting massive lawsuits, egregious safety violations, insider whistle-blowers, an unhinged egomaniacal CEO, rampant manufacturing defects, or a toxic corporate culture, will sweep the garbage called Tesla off the market map.

We are short Tesla.



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.