When this bubble pops, it’s gonna be a doozy. The problem with Tesla is that they show no signs of ever learning how build cars profitably. Look at their annual losses since they went public. Did they improve over the previous year? Actually, no.
Profit Is Down On Greater Subsidies and Unit Deliveries Ha! Tesla just reported their latest quarterly financial results and the company’s financial position continues to deteriorate. I stand by my prediction, this stock will be under $170 per share by November of 2020.
The most intelligent analysis regarding Tesla’s financial position seems to be done by those who think the company is on the road to oblivion. As opposed to the Tesla Bulls which seem to have almost blind faith that somehow Elon will figure it out.
Why Tesla Is Suddenly the Most Shorted Stock Again Anton Wahlman has a brilliant article which highlights what I’ve been saying about Tesla. This company is in a deteriorating position. When you look at the equivalent of “Same store sales”, the growth is over.
I’m watching the inflation of the great Tesla stock bubble with great amusement. I never dabble in the stocks which I write about so I can afford to spectate with anticipation of the grand finale. The higher it goes, the more compelling will be the story of its downfall. It’ll make for a great book one day. How did Tesla’s stock get to this point and who was driving the big deception?
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