Elon Musk, afterwards barrier through a barbarous week, delivered some potentially acceptable account to addled Tesla
investors on Saturday: Profits are on the way! In fact, they’re “very close.”
And shares are airy in a big way this morning.
The latest run of agitation — including Musk accepting bounced as administrator — did, however, assuredly accommodate some acceptable account for abandoned short-sellers like Stanphyl Capital’s Mark Spiegel, who afresh told the New York Times his baby armamentarium has been “massacred” by his almost abundant abbreviate position on Tesla.
In his latest letter to investors acquaint on ValueWalk, Spiegel, a longtime bear, went into added detail as to why Tesla charcoal “the better distinct banal balloon in this accomplished balloon market” and is “so landmine-filled” it could blast at any time, behindhand of what happens in the broader market.
Here are three affidavit Spiegel, in our alarm of the day, believes Tesla could be headed to the graveyard, as one car biz fable afresh claimed:
1) Tesla has no “moat” of any kind; i.e., annihilation advisedly or sustainably proprietary.
2) Tesla loses a huge bulk of money admitting almost
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