Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

Bloomberg: Tesla Accounting Chief, HR Head Resign on the Same Day

The only thing more ridiculous than the scourge of rampant "political correctness" resulting in moronic words and phrases such as the job title "Chief People Officer" in order to avoid the word "man" in Human Resources is the fact that Tesla, at $253 as of this writing, is trading at the same level as it was in March of this year and March of last year.

Despite a drop of 34% since the high hit one month ago, the stock remains massively overvalued in our estimation so we remain short the stock.

As we wrote late last month, "We believe [Tesla] will suffer an epic collapse and the cult-like hero-worship of its celebrity CEO will suffer similarly.

Movies will be made and books will be written because, as we've also stated previously, we believe the stock will come to be known synonymously with the market plunge that will also occur in tandem with (though not because of) its eventual failure.

For market bulls and Telsa longs, "these are the good ol' days".

Tesla bonds:

We are short Tesla stock.



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