So where exactly are the lies and distortions?
Huge capital expenses involved in building cars - obviously true.
Yup.
Big problems in getting the cars constructed - You MUST be aware of that.
No, not really. What Tesla has is big problems is meeting Elon’s estimates. They are actually constructing cars very well, and growing their construction capabilities at an amazing pace. If you look at the actual facts, the numbers, what they’re doing is amazing. To spin that as “big problems” is nonsense. Their “big problems” are only with trying to be even more amazing. Elon is a hyper-optimist.
They rescued SolarCity at the expense of Tesla stockholders. - simply a statement of fact.
Again, no. Solar City’s only problem was their capital structure. They were taking big risks and would blow up in a severe recession if their access to capital dried up. Anybody with deep pockets could have bought them for an excellent return on investment. Tesla did, and has been doing very well off of their purchase. The business synergies are just gravy.
The only thing you could be questioning was whether they are flirting with bankruptcy. (I did say “it seems”).
It only seems that way because that’s what you read about. It’s nonsense. Tesla has easy access to all the capital it wants. Yes, early on there was a time Tesla almost went under (and it turned out that Elon raised money then by just mentioning to a friend that he was in trouble). But since then, every time they’ve raised money, however they’ve done it, people have been desperate to get in on it. And nobody sane thinks there’s the slightest chance Elon Musk will let his company go bankrupt. It’s absurd at this point.
If you can’t get your cars produced on time, and then lay off part of your workforce, it sure isn’t good.
Maybe. Tesla has been growing its workforce rapidly, so getting rid of some employees doesn’t seem like a big deal to me. Financial responsibility, prioritizing profitability, etc.
You know Citron played the same BS game with Tesla as with other companies that you invest in. Go read what Left wrote about Tesla and you’ll see it’s the same sort of stuff you’ve been saying here. That should give you a hint about the quality of the information. Citron deals in plausible lies.
But car companies have a tough, tough, row to hoe.
Yeah, another common mistake. Tesla isn’t a car company. Cars are an important part of their business, but soon the energy generation and storage business will be huge, likely bigger and much easier than cars. Currently valued by idiot analysts at $0 so far as I can tell.
No disrespect intended here. Just a request, given your influence, that you be more careful in what you say. As you well know, truth doesn’t come from media or analysts, and quarterly reports need to be examined with a skeptical eye. Think about where your truth is coming from. Citron’s influence comes not from writing idiot analyses full of lies, but from it getting endlessly echoed and amplified by others.
And I did hold Tesla from about $65 to $195 as I remember…
And congrats on your TSLA profits! That would have been before it was on my radar, and a great runup. I’m always late to the party.
-IGU-
(TSLA = 90% of my portfolio now)
