04-25-2019, 07:41 PM
(04-25-2019, 08:44 AM)Otter Wrote: TSLA looks like a pretty safe bet to head to $0. The numbers just don't add up for them. Destroying $700 million in the first quarter, no realistic growth catalysts on the horizon, and the CEO talking about branching out into insurance on the latest earnings call. Am actually considering buying a put for the first time in my life. Missed out on Enron.
I'm not quite that pessimistic yet. They'll have to issue shares soon. They are still solid enough to do that. They are six months late. I don't wish them bad luck, but I knew their base model car at $50K+ wasn't going to work out past the initial demand surge. Until recently that was about as cheap as you could get one. I'll be surprised in the stock goes anywhere but slowly down for now. The cult is still in tact, but I can't imagine the big money isn't dumping right now. Elon's new idea of the week makes him sound absolutely unhinged. Tesla insurance? That's a good one. Pretty sure you need sterling credit and huge cash reserves. Not to mention getting licensed in 50 states.