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I'm not sure I'm sold on the perspective that the worst Tesla detractors were actually just misinformed or wrong about the subject, rather than being actively m

I'm not sure I'm sold on the perspective that the worst Tesla detractors were actually just misinformed or wrong about the subject, rather than being actively malevolent by trying to gain money by shortselling while funding anti-Tesla articles.

ericb 8y ago
Under current rules, I'm pretty sure it is legal to try and destroy a company by destroying its reputation and maligning its financials and profit by shorting it while you kill it. That this is allowed seems anti-competitive and takes away from the notion that shorts "make a market healthier by bringing balance."
- AllegedAlec 8y ago
  > Under current rules, I'm pretty sure it is legal to try and destroy a company by destroying its reputation and maligning its financials and profit by shorting it while you kill it. Yeah, it's legal, but that doesn't mean it's not malevolent.
  - ericb 8y ago
    I think we're in agreement about everything including its malevolence. Destroying otherwise healthy companies does nothing beneficial for the country's competitiveness, so if it could be done carefully, I'd support laws reigning this behavior in.
InTheArena 8y ago
There is no doubt that there were players in the markets that were doing their best to actively destroy Tesla for personal profit reasons. But then there were a lot of people - even Tesla fans - who knew the numbers and still worried.
matwood 8y ago
I think it's still a little soon to call them wrong. I was long TSLA for quite awhile, and have never been short. TSLA still has financial issues. While this quarter was certainly a positive, it remains to be seen if they can keep it going [1]. When it comes to financial investment I try not to be 'anti' anything. I look at what is. The facts still show TSLA having a bumpy road ahead. The next two quarters will really show if things have turned. First we'll find out if this beat was just a timing beat with cash flow and accounts payable. Next, we'll see how the debt payments coming due are covered. [1] I see a lot of 3's on the road, so I'm starting to lean back towards probably.
thomaskcr 8y ago
The victim complex with this company and the Musk fans is ridiculous. The company was a financial dumpster fire losing exectives at an alarming rate (they had their Chief Accounting Officer leave after 29 days this quarter). It's just less of a financial dumpster fire now. Their payables increased by more than their earnings and are still more than their cash. Would you consider yourself financially healthy if you had $3000 between your savings and checking accounts but a $3500 credit card bill (that has been growing QoQ)? I haven't checked lately how many liens were filed against them but last count I noted was 18 filed this year - vendors aren't getting paid anywhere near terms, this isn't just managing cash - there are still a lot of red flags even if you think (and I would agree with this) the situation seems to be improving.

ericb 8y ago

Under current rules, I'm pretty sure it is legal to try and destroy a company by destroying its reputation and maligning its financials and profit by shorting it while you kill it. That this is allowed seems anti-competitive and takes away from the notion that shorts "make a market healthier by bringing balance."

AllegedAlec 8y ago
> Under current rules, I'm pretty sure it is legal to try and destroy a company by destroying its reputation and maligning its financials and profit by shorting it while you kill it. Yeah, it's legal, but that doesn't mean it's not malevolent.
- ericb 8y ago
  I think we're in agreement about everything including its malevolence. Destroying otherwise healthy companies does nothing beneficial for the country's competitiveness, so if it could be done carefully, I'd support laws reigning this behavior in.

InTheArena 8y ago

There is no doubt that there were players in the markets that were doing their best to actively destroy Tesla for personal profit reasons. But then there were a lot of people - even Tesla fans - who knew the numbers and still worried.

matwood 8y ago

I think it's still a little soon to call them wrong. I was long TSLA for quite awhile, and have never been short. TSLA still has financial issues. While this quarter was certainly a positive, it remains to be seen if they can keep it going [1]. When it comes to financial investment I try not to be 'anti' anything. I look at what is. The facts still show TSLA having a bumpy road ahead. The next two quarters will really show if things have turned. First we'll find out if this beat was just a timing beat with cash flow and accounts payable. Next, we'll see how the debt payments coming due are covered. [1] I see a lot of 3's on the road, so I'm starting to lean back towards probably.

thomaskcr 8y ago

The victim complex with this company and the Musk fans is ridiculous. The company was a financial dumpster fire losing exectives at an alarming rate (they had their Chief Accounting Officer leave after 29 days this quarter). It's just less of a financial dumpster fire now. Their payables increased by more than their earnings and are still more than their cash. Would you consider yourself financially healthy if you had $3000 between your savings and checking accounts but a $3500 credit card bill (that has been growing QoQ)? I haven't checked lately how many liens were filed against them but last count I noted was 18 filed this year - vendors aren't getting paid anywhere near terms, this isn't just managing cash - there are still a lot of red flags even if you think (and I would agree with this) the situation seems to be improving.