One of the best person out there, Elon Musk... A new God of modern days.. Nice!
RE: TESLA (TSLA): Approaching Oversold State
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TESLA (TSLA): Approaching Oversold State
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I disagree. He certain is a visionary. But he is also a massive market manipulator and frequent liar when it comes to Tesla quarterly earnings announcement and his repeated promises to not need more cash and to make certain production targets. I'm frankly surprised the SEC hasn't gone after him for market manipulation. Tesla has an annual burn rate of $3.5B and $3.5B cash on hand. They have around $10B in debt with the first tranche coming due this year. This year the the Government incentive comes off and car buyers will no longer get the incentive when it's 200,000th vehicle is sold. It's bonds are 6 rungs under investment grade signifying deep junk level. He should stick to be a visionary and let someone else manufacture.
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