WallStForMainSt: More Tesla Motors Bulls Flip on Elon Musk & The Company
Jason talks about how more ardent Tesla Motors bulls flipped on the company this week as Tesla's share price is now down ~40% in the last 6 months and ~26% in the last year.
The last 6 months have not been kind to Elon Musk and Tesla Motors! More bad production results (except for one profitable quarter), more bad headlines and more long time Tesla bulls flipping and turning bearish, or at least a lot less bullish, on Tesla.
For more coverage of Tesla Motors, check out the Hidden Forces podcast, the QTR podcast or the new TSLAQ podcast.
Here's a lot of stories from just the last few weeks which are all negative for Tesla!
1) Morgan Stanley Slashes Worst-Case Price for Tesla to $10 https://finance.yahoo.com/news/morgan-stanley-slashes-worst-case-093700254.html
2) Tesla may avert bankruptcy, but it will still need $1 billion in cash https://finance.yahoo.com/news/tesla-may-avert-bankruptcy-but-it-will-still-needs-1-billion-in-cash-201304219.html
3) Elon Musk: Tesla needs to cut costs or it will run out of money in 10 months https://news.yahoo.com/elon-musk-tesla-needs-cut-180656865.html
4) Tesla's Problems Add Up to a 'Code Red Situation,' Says Once-Bullish Analyst https://finance.yahoo.com/news/tesla-apos-problems-add-apos-211059730.html
5) Tesla CEO Elon Musk launches new ‘hardcore’ cost-cutting effort, will review all expenses https://electrek.co/2019/05/16/tesla-hardcore-cost-cutting-elon-musk/
6) Tesla is exporting most of its solar cells https://www.autoblog.com/2019/05/15/tesla-solar-roof-cells-export/
7) Musk to examine all Tesla expenses alongside the CFO https://cfo.economictimes.indiatimes.com/news/musk-to-examine-all-tesla-expenses-alongside-the-cfo/69381950
8) As Tesla Shares Plunge Again, Bets On The Company's Ultimate Demise Are Increasing https://www.forbes.com/sites/jimcollins/2019/05/21/as-tesla-shares-plunge-again-bets-on-the-companys-ultimate-demise-are-increasing/#314424627e5f
9) Tesla Suddenly Catches Fire in Hong Kong Parking Lot, Times Says https://finance.yahoo.com/news/tesla-suddenly-catches-fire-hong-003753025.html
10) The $35,000 Model 3 is no more. Tesla raises prices slightly https://www.cnn.com/2019/05/14/business/tesla-raises-prices-model-3/index.html
11) NTSB: Tesla’s Autopilot was enabled during fatal Model 3 crash https://venturebeat.com/2019/05/16/ntsb-teslas-autopilot-was-enabled-during-fatal-model-3-crash/
12) Tesla stock drops after a report that Autopilot was engaged during a deadly crash in Florida https://www.usatoday.com/story/tech/2019/05/17/teslas-autopilot-active-during-fatal-model-3-crash-report-finds/3706981002/
13) ‘Dark clouds over Fremont’: Tesla enters survival mode as stock price drops https://www.latimes.com/business/autos/la-fi-hy-tesla-musk-stock-finance-20190521-story.html
14) More Evidence Tesla Is In A Death Spiral http://investmentresearchdynamics.com/more-evidence-tesla-is-in-a-death-spiral
15) Tesla Slashes Car Prices For The Third Time In 3 Months https://www.zerohedge.com/news/2019-05-21/tesla-slashes-car-prices-third-time-3-months
16) Tesla Slides After Morgan Stanley Slashes "Bear Case" Price Target To Just $10 https://www.zerohedge.com/news/2019-05-21/tesla-slides-after-morgan-stanley-slashes-bear-case-price-target-just-10
17) How Two Musk Decisions in 2016 Put Tesla Into Trouble https://www.wsj.com/articles/how-two-musk-decisions-in-2016-put-tesla-into-trouble-1535103002
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