Tesla Update
TSLA has its earnings (or lack thereof)
announcement January 30th after
close of trading.
Expect announcements that could move the stock materially in the short term – possibly new products, and most importantly CEO Elon Musk must address whether the company has enough cash to cover a possible debt conversion at the end of February.
Expect more highly suspect accounting and expect recent announcements of firings, changes in the product lines, etc. to be touted in order to obfuscate the drastic downturn in demand along with a massive uptick in brand destruction due to horrible reliability and customer service.
As the old marketing adage goes, “if you can’t fix it, feature it.”
Expect Musk to pass off these serious issues as being in the past while giving hope via expected cost savings from same, along with a purported pivot to more reliable manufacturing methods and the possiblity of increased sales in Europe and China where literally hundreds of domestic competitors with better and more affordable offerings and name-brand loyalty already exist in the electric vehicle space.
Don't expect any clarity on the accounting, or why a made-to-order company has thousands of unsold cars hidden in lots across the country rapidly depreciating in the elements, or how this dying star of silicon valley cultists will avoid collapsing upon itself sooner than later.
Desperate measures, via CNBC: Tesla offers lower-priced versions of its Model S and X vehicles after cutting production
More recent Tesla news worth reading:
L.A. Times: Big questions await Tesla and Musk on Wednesday’s earnings call. Will stock analysts ask them?
The Washington Post: Musk's High-Flying 2018: What 150000 Miles In A Private Jet Reveals About His 'Excruciating' Year
The Washington Post: Tesla’s mass layoffs and reduced car production have Wall Street ‘waking up from the dream’
Business Insider: Ex-Tesla employees describe the abrupt way they were laid off and say questions linger
Fox Business: Elon Musk’s mom says Tesla shares manipulated by media, short sellers
Musk’s mom, presumably based on profound stock market expertise gained in her career as a model, spouts trite canards about short selling while mentioning nothing of her son’s erratic and irresponsible behavior, arguable fraud, suspect accounting treatments, gross mistreatment of employees, constant material lies regarding his products, the absolutely unprecedented number and scope of Tesla customer complaints and reliability issues, etc.
If that isn’t strange enough, Musk via Space-X built an incredibly fake-looking “starship” recently which fell over due to a gust of wind. Click here for the story.
It’s actually a water tower covered in what appears to be tinfoil. Literally it was constructed by a company that erects water towers and it’s the perfect analogy and timing for what could very well prove to be the top in Tesla stock – a faked photo op that tumbles to the ground without the wind fully in its favor.
We may know more after tomorrow.
We are double short Tesla.
Expect announcements that could move the stock materially in the short term – possibly new products, and most importantly CEO Elon Musk must address whether the company has enough cash to cover a possible debt conversion at the end of February.
Expect more highly suspect accounting and expect recent announcements of firings, changes in the product lines, etc. to be touted in order to obfuscate the drastic downturn in demand along with a massive uptick in brand destruction due to horrible reliability and customer service.
As the old marketing adage goes, “if you can’t fix it, feature it.”
Expect Musk to pass off these serious issues as being in the past while giving hope via expected cost savings from same, along with a purported pivot to more reliable manufacturing methods and the possiblity of increased sales in Europe and China where literally hundreds of domestic competitors with better and more affordable offerings and name-brand loyalty already exist in the electric vehicle space.
Don't expect any clarity on the accounting, or why a made-to-order company has thousands of unsold cars hidden in lots across the country rapidly depreciating in the elements, or how this dying star of silicon valley cultists will avoid collapsing upon itself sooner than later.
Desperate measures, via CNBC: Tesla offers lower-priced versions of its Model S and X vehicles after cutting production
More recent Tesla news worth reading:
L.A. Times: Big questions await Tesla and Musk on Wednesday’s earnings call. Will stock analysts ask them?
The Washington Post: Musk's High-Flying 2018: What 150000 Miles In A Private Jet Reveals About His 'Excruciating' Year
The Washington Post: Tesla’s mass layoffs and reduced car production have Wall Street ‘waking up from the dream’
Business Insider: Ex-Tesla employees describe the abrupt way they were laid off and say questions linger
Fox Business: Elon Musk’s mom says Tesla shares manipulated by media, short sellers
Musk’s mom, presumably based on profound stock market expertise gained in her career as a model, spouts trite canards about short selling while mentioning nothing of her son’s erratic and irresponsible behavior, arguable fraud, suspect accounting treatments, gross mistreatment of employees, constant material lies regarding his products, the absolutely unprecedented number and scope of Tesla customer complaints and reliability issues, etc.
If that isn’t strange enough, Musk via Space-X built an incredibly fake-looking “starship” recently which fell over due to a gust of wind. Click here for the story.
It’s actually a water tower covered in what appears to be tinfoil. Literally it was constructed by a company that erects water towers and it’s the perfect analogy and timing for what could very well prove to be the top in Tesla stock – a faked photo op that tumbles to the ground without the wind fully in its favor.
We may know more after tomorrow.
We are double short Tesla.
posted by C. Guinness @ 3:40 PM
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