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I did not say he should, I'm saying that I just think he will. Well, all this optimism (and I omitted several other important misrepresentation of Tesla busine
by TheAlchemist 3y ago
I did not say he should, I'm saying that I just think he will.
Well, all this optimism (and I omitted several other important misrepresentation of Tesla business, made by Musk) is looking like that - just too much optimism.
Keep in mind, their current valuation is based solely on those promises (or shall I say misrepresentation of reality) - they're not making that much money, their margin are contracting quickly, and they are a rather small carmaker as compared to others.
However, I'm betting that fast forward 3 years, Tesla share price tanks 90% from now (that would still leave it bigger than Ford !!!) and Tesla won't deliver any meaningful progress on all those 'optimistic' predictions, people's feeling about this period will be much different.
Edit: For what it's worth, Sam Antar (former CFO of the Crazy Eddie - a huge securities fraud. He's now working for the government) is also regularly picking on Musk - he's seeing a lot of red flags.
Also, for what it's worth, it's CFO was recently fired. Without any comments as for why.