Tesla Remains "A Generational Shorting Opportunity"
Electrek: Tesla CEO Elon Musk launches new ‘hardcore’ cost-cutting effort
Some suggest the new CFO is being set up to take a fall. Perhaps so.
In early February we posted these curious coincidences:
"Zach Kirkhorn, double major at Penn & Harvard, MBA, no direct accounting experience, named CFO of Tesla at age 34.
Andy Fastow, double major at Tufts Northwestern, MBA, no direct accounting experience, named CFO of Enron at age 37.
Both started their careers at the same firm, McKinsey & Co.
Amazing.
The average age of a CFO in the DJIA is 55, with the youngest at 46 years old (Andrew Campion of Nike).
Arguably experience is exactly not what Tesla was looking for. Someone has to be left holding the bag, after all.
Mr. Kirkhorn should be reminded of the old poker adage; if you look around the (boardroom) table and can't spot the mark, the mark is you."
It may be as simple as this however:
"As soon as a CEO says 'I'm not sure if we'll survive', you're dead." - Elon Musk speaking of Solyndra, the taxpayer-funded fraud that ironically previously occupied Tesla's Fremont factory.
There was ample warning, as we posted in March of this year:
"No one can say there weren't very obvious, strident warnings and massive flapping red flags however losers will only blame the bears and short-sellers, as losers always do blame others for their own mistakes. Perhaps worse they will fail to learn from their mistakes, as losers always do."
In at least 17 posts this year alone we've asserted that Tesla is "a generational shorting opportunity", and we believe it remains so.
We are double-short Tesla.
Some suggest the new CFO is being set up to take a fall. Perhaps so.
In early February we posted these curious coincidences:
"Zach Kirkhorn, double major at Penn & Harvard, MBA, no direct accounting experience, named CFO of Tesla at age 34.
Andy Fastow, double major at Tufts Northwestern, MBA, no direct accounting experience, named CFO of Enron at age 37.
Both started their careers at the same firm, McKinsey & Co.
Amazing.
The average age of a CFO in the DJIA is 55, with the youngest at 46 years old (Andrew Campion of Nike).
Arguably experience is exactly not what Tesla was looking for. Someone has to be left holding the bag, after all.
Mr. Kirkhorn should be reminded of the old poker adage; if you look around the (boardroom) table and can't spot the mark, the mark is you."
It may be as simple as this however:
"As soon as a CEO says 'I'm not sure if we'll survive', you're dead." - Elon Musk speaking of Solyndra, the taxpayer-funded fraud that ironically previously occupied Tesla's Fremont factory.
There was ample warning, as we posted in March of this year:
"No one can say there weren't very obvious, strident warnings and massive flapping red flags however losers will only blame the bears and short-sellers, as losers always do blame others for their own mistakes. Perhaps worse they will fail to learn from their mistakes, as losers always do."
In at least 17 posts this year alone we've asserted that Tesla is "a generational shorting opportunity", and we believe it remains so.
We are double-short Tesla.
posted by C. Guinness @ 11:49 PM
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