Tesla News
Perhaps since we haven't posted much about Tesla lately, some have wondered if we remain bearish and short the stock.
Heck yes! Extremely, with two positions short per this blog.
We consider it a generational shorting opportunity above $300, and reiterate that we expect it'll soon enough be the stuff of market legend for all the wrong reasons.
Its stock and products are to be totally avoided in our view.
We haven't focused on it much lately because we made the case more than clearly and repeatedly since last summer, and this winter preferred to focus on the massive profits on offer from the collapse in stocks we'd been expecting.
As of the start of this year Tesla hadn't collapsed, yet, however it finally began to last week on news of a dire outlook and a fresh round of lay-offs at both Tesla and Space-X.
Bluntly, the steady stream of total BS that continues from the Tesla bulls, the cultists, the company and its CEO is too much to even keep up with on most days, much less chronicle.
Heck yes! Extremely, with two positions short per this blog.
We consider it a generational shorting opportunity above $300, and reiterate that we expect it'll soon enough be the stuff of market legend for all the wrong reasons.
Its stock and products are to be totally avoided in our view.
We haven't focused on it much lately because we made the case more than clearly and repeatedly since last summer, and this winter preferred to focus on the massive profits on offer from the collapse in stocks we'd been expecting.
As of the start of this year Tesla hadn't collapsed, yet, however it finally began to last week on news of a dire outlook and a fresh round of lay-offs at both Tesla and Space-X.
Bluntly, the steady stream of total BS that continues from the Tesla bulls, the cultists, the company and its CEO is too much to even keep up with on most days, much less chronicle.
In a best case scenario we estimate the share price should be, and will be, 90% lower. That's without the massive reliability & service issues, the ongoing investigations, the highly suspect accounting and sales figures, etc. etc. etc. etc. etc. etc. and etc.
Below we link to some of the latest news. The first could've been titled "2 Reasons Out Of Many Dozens To Sell Tesla".
Forbes: 2 Reasons To Sell Tesla: $920M And $26,250
Bloomberg: Tesla's Home Notches Almost Half of Model 3 Registrations
We are double short Tesla.
posted by C. Guinness @ 3:36 AM
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