Chanos has been so wrong on Tesla and for so long, I think he’s starting to lose his mind. After all, what’s not to like about Tesla?
Look at those revenues. Beautiful yes?
Now here’s the losses.
Oh.
At the heart of his short selling thesis is the fact that Tesla cannot book a profit and also, and perhaps most importantly, there is significant competition coming for Tesla in 2019, in the form of a Porsche electric sports car. Makes sense, right?
Valuation wise, the stock hasn’t been this cheap, on a price to sales basis, in years. The stock is up 58% in 2017.
Musk bubble.
Couldn’t imagine rising rates being good for TSLA
Pretty sure with interest rates going up and subsidies disappearing, Tesla is a good short play. It’s about time for the POS cash-burner to be sent to hell.
https://tinyurl.com/ydc55b5k
As I’ve said before, TSLA is a technology company. Unfortunately, Musk thinks it is a car company. They need so spin-off the bleeding manufacturing segment, stay in R&D, and then license their technology.