Loading ...The Trouble with Tesla
It seems the world has gone mad. I wonder if this was what it was like in 1929…
This authored by Simon Black:
…As a reality check, Tesla is worth twice as much as Ford* yet Ford made 6 million cars last year at a $7.6 billion profit while Tesla made 100,000 cars at a $2 billion loss.
Further, Ford has $12 billion in cash held for “a rainy day” while Tesla will likely run out of money in the next 3 months…
https://www.zerohedge.com/news/2018-03-26/tesla-without-any-doubt-verge-bankruptcy
From >>Extraordinary Popular Delusions and the Madness of crowds<< by Charles Mackay:
"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one."
It has been impossible to short this stock, up until now.
Yes. The financial world had gone mad and one needed to wait for the deliriums to fade. Good luck.
Yes, probably all true. I wouldn’t buy the stock or the car for those reasons (although I do like the car). I really like and admire Elon Musk too.
Everything he does (visionary as it may be) depends on federal govt largesse.
There will come a day when that gets pruned.
If you squint hard enough…maybe a big ass topping pattern?
https://www.tradingview.com/x/PJpo0JM2/