Jeff Osborne from Cowen is out with a long report today, describing all of the reasons why TSLA is too risky to own here. He’s particularly concerned about the Solar City integration into the model, suggesting it could increase an already onerous cash burn of $3b to upwards of 5 billion monopoly dollars.
Tesla bulls will tell you that Jeff Osborne is a fucking idiot bookworm who doesn’t understand the genius that is Musk. Bears might says Musk is a con artist who preys on the small brains of the Third Estate.
Either way, it makes for good theatre.
“In the 12-month time frame our rating contemplates, we see Tesla as a great company led by a true visionary, but must acknowledge the asymmetric risk/reward profile for the stock at the market’s current valuation,” Osborne wrote.
“Simply, we see a lot more that can go wrong than can go right as the company transitions into Mr. Musk’s greater vision.”
TSLA is off 2% today.
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Starting to love the look of TSLA again. Only a matter of time till that fucker tears off the top of the market. Sentiment is as negative as it can get on this company, and yet nobody can slay this dragon.
Think they’re going to rip higher after more quarters losing another half-billion?
The stock will ultimately be diluted to the dust and the Musk-Unicorn covered in snake oil will die as they hype turns to fear
another liberal do gooder false prophet going down in flames.
I like the updated layout of the site
Thanks
Musk sets everything on fire
Made money when they bid SCTY to $27 and ran.
Sell into the pops.