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Death by Tesla

2/28/2022

 
RIP Terry Siegel
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​Back in December I had written about Hollywood actor Rob Schneider regretting taking the family Tesla on a trip. His wife had warned him that it was always “breaking down”. It would inexplicably lose power leaving her stranded in the middle of the road. While Rob was driving his Tesla, it did indeed “break down”. He said that he was afraid for his life since he could have been killed if the cars whizzing by had crashed into him. 

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Tesla’s Niche: The Quality Doesn’t Matter Crowd

2/12/2022

 
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The big 3 automakers of GM, Ford, and Chrysler ruled the roost in American auto sales for decades until the Japanese invasion of Toyota and Honda. It was hard for the American companies to take the makers of “boring” sedans from Japan seriously. And it was even harder for them to believe that Americans could ever prefer these cars over the much flashier and more exciting cars that America was building.

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Top Analyst: Tesla Worth $138 Per Share

2/5/2022

 
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The Tesla stock bubble has only been getting more and more ripe for pop lately. With the fed about to raise interest rates, the SEC cracking down on gamma squeeze scams like Archegos, and all things tech being down lately. How much longer can it go?

The fundamentals alone are still terrible.  They are still selling the bogus full self driving to help drive their tiny profits. But what is alarming is that even that isn’t enough, they are also cutting back on R&D. Which means delays in future models.

Plus, customers are crying out all over the world about overloaded service centers. That means Tesla isn’t spending what they should on service costs, in order to keep up the illusion of “record profits”. Tesla saying that they had record profits is like Exxon Mobil saying that they are moving away from dependence on oil at a record pace.

If you have access to Fortune magazine, you should check out this reasoned analysis on why the Tesla stock price is all built on a house of cards. If I have any disagreement with this guy it’s only that he’s still on the high side. Valued like a true automaker, Tesla should be $20-$50 per share by my estimates.

Elon Musk’s ‘science fiction’: Top analyst calculates Tesla’s true worth is just $138 a share

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