Tesla Motors

[dualstow]

Aha. Thank you.

[Ad Orientem]

Is this from the “taking it private” tweet? I thought that was old news, Ad. Or is the accusation more serious now?

I think the news is that the SEC has filed charges.

Correct.

[rocketdog]

Whitney "The Prophet" Tilson is making the case for TSLA dropping to $100 by year's end:

https://empirefinancialresearch.com/art ... or-tesla-2

[Ad Orientem]

Tesla should be valued at less than $100 a share, investor says

Tesla heads into its earnings report out after the bell Wednesday trading at its lowest level in six months.

One strategist said it should get even worse for the electric car maker.

“This is a company that has a cult following – people that believe that [Elon Musk] is changing the world – and that’s the only reason this stock is trading at $260. There is no company that’s better at overpromising and under-delivering than Tesla, ” said Mark Tepper, founder and president of Strategic Wealth Partners, on CNBC’s “Trading Nation ” on Tuesday.

Tepper said its true valuation should be even lower.

“If I were to believe Tesla’s stories, with a 35% projected earnings growth rate, even at a PEG [price/earnings to growth] ratio that’s at a premium to the market, you still can’t value the stock at over $100 a share and $100 is on the very high end,” he said.

Tesla has not traded below $100 since mid-2013. It would need to drop 62% to reach that level.

A storm of headwinds are coming for the company, which could shake the stock, Tepper said. He mentioned an expiring tax credit, which could hurt demand, and increased competition, which means the company is jockeying for customers over price as well as quality.

“Quite frankly my biggest issue is management doesn’t execute on what they say. I don’t need management selling me a bill of goods. I want execution and you’re not getting that from Tesla,” said Tepper.

Read the rest here...
https://www.cnbc.com/2019/04/24/tesla-s ... -says.html

[dualstow]

I wonder if Greg has seen the"Tesla to $4000" hype.

I won't be getting back in to this stock, but I wish I could get my octogenarian Dad into a Tesla. He'd be safer.

[pugchief]

I won't be getting into this stock either, but I did buy a Model 3 last month. It is a great car, super fun to drive and not buying gasoline or changing the oil anymore is awesome! Only a few minor design complaints, mostly relating to the 'keys'.

[dualstow]

Cool! One drove by me the other day and it was so silent. I wonder what a city with all electric cars would sound like.

[Ad Orientem]

I've heard nice things about their cars, BUT...

Their business model does not impress. I have lost confidence in their management, one in particular and would not consider buying on a speculative basis while that individual is still prominently involved with the company's management. They have serious cash flow issues and are apparently having trouble keeping up with the bills. And lastly I think their stock is hugely overpriced. It's been pushed up by a lot of what I like to call "ideologically driven " investing. Tesla has a lot of very cool proprietary technology which is worth serious money. So I don't see the company going broke soon. But they have problems. I'm not really a stock analyst but I did stay at a Holiday Inn Express once a few years ago so...

Barring dramatic changes to my above listed concerns, I'd call Tesla a "Sell" at anything over $100 a share and no better than a "Hold" under that until the pot smoking clown departs the BofD.

[dualstow]

I agree wholeheartedly. This is one of those companies that you can love as a consumer, and shun the stock.

[boglerdude]

Basic research is a money loser. Would you rather people werent throwing money at Tesla, and the R&D were fully funded by taxes?

https://subsidytracker.goodjobsfirst.or ... sla-motors

[dualstow]

?

if ever there were a false choice...

[dualstow]

Oh, I wish Greg the roboticist were here to give his thoughts on Tesla tanking.
I wonder if he is even still running a pp.