HAIR Stop Raised, Tesla Unveils Model Y
Our recent purchase of HAIR opened 86% higher today on its 4th quarter results and announcement of a pending merger with Venus Concepts.
We'll raise our stop to $0.79
In a typically awkward and very late-starting hype event last night, Tesla CEO Elon Musk unveiled the "new" Model Y. New is in quotes because it's essentially a taller Model 3 and there's credible doubt it's merely an old design that's been sitting awhile.
There's no firm production date, though they're hoping for one or two years from now, and of course Tesla is notorious for missing such estaimtes by a wide margin, if it is ever built at all.
In typically desperate fashion, they're already taking deposits of course from unquestioning cultists who don't even know the specs yet much less if the company will still be around to deliver given its myriad issues.
Essentially they're giving a cash-strapped company run by an erratic CEO with zero automotive manufacturing experience an interest-free loan. Such behavior is hallmark of a top in more than just Tesla.
Strangely, the company brags that this promised vehicle will share 75% of its parts and design with the Model 3 which is arguably the worst built and most problem-prone car in modern automotive history if not in all of automotive history.
CNBC: Tesla shares opened down 5% after company unveils 'underwhelming' Model Y
"Tesla is going to face significantly increased EV competition starting with the 2021 model year vehicle, which will be available starting in the spring of 2020," Musk said.
Yet another big lie. It's already facing massive, superior and far more attractive competition at a better price point from far more reliable and solvent manufacturers.
Here's one from Kia, a company once known as a rubbish offshore brand that is now making better cars than an American "luxury" brand.
Here's the award-winning all-electric Jaguar i-Pace.
We remain double-short Tesla, believing it to be a generational shorting opportunity above or near $300.
We'll raise our stop to $0.79
In a typically awkward and very late-starting hype event last night, Tesla CEO Elon Musk unveiled the "new" Model Y. New is in quotes because it's essentially a taller Model 3 and there's credible doubt it's merely an old design that's been sitting awhile.
There's no firm production date, though they're hoping for one or two years from now, and of course Tesla is notorious for missing such estaimtes by a wide margin, if it is ever built at all.
In typically desperate fashion, they're already taking deposits of course from unquestioning cultists who don't even know the specs yet much less if the company will still be around to deliver given its myriad issues.
Essentially they're giving a cash-strapped company run by an erratic CEO with zero automotive manufacturing experience an interest-free loan. Such behavior is hallmark of a top in more than just Tesla.
Strangely, the company brags that this promised vehicle will share 75% of its parts and design with the Model 3 which is arguably the worst built and most problem-prone car in modern automotive history if not in all of automotive history.
CNBC: Tesla shares opened down 5% after company unveils 'underwhelming' Model Y
"Tesla is going to face significantly increased EV competition starting with the 2021 model year vehicle, which will be available starting in the spring of 2020," Musk said.
Yet another big lie. It's already facing massive, superior and far more attractive competition at a better price point from far more reliable and solvent manufacturers.
Here's one from Kia, a company once known as a rubbish offshore brand that is now making better cars than an American "luxury" brand.
Here's the award-winning all-electric Jaguar i-Pace.
We remain double-short Tesla, believing it to be a generational shorting opportunity above or near $300.
posted by C. Guinness @ 10:41 AM
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