I've been called obsessed with this by a lot of people
I don't usually talk stocks around the apartment because it drives my girlfriend crazy. I especially don't talk Tesla
And by the way, it's not it's not ruling my life
And then I don't think about it while I'm out to dinner or while I'm sleeping or whatever
But none of us can believe
What's so obvious and out there in plain sight is is being improperly priced by the markets. I
Have tremendous amount of fans in like the real world like when I go out in LA and
You know, you people start talking about Tesla or my reputation with Tesla
I
Mean I'm getting clients because of this
I'm going up to San Francisco this whole Tesla club wants to meet me
Tesla fans are rabid fans and they're they love me B for sticking up for Tesla
Tesla is perhaps the most polarizing company in stock market history
Where some see brilliant disruption others find blatant fraud. This is a story about innovation
belief
money
Lies, I love Tesla Thank You. Yvonne musk. Tesla is a fraud
And a whole lot of noise
There is no comparing any company to Tesla it's a Wall Street debt story it's a page six story it is a
Silicon Valley story, it is an American dream story and it is a
mess Tesla is disrupting the existing World Order and
The traditional the old guard does not like that very truly
I am offended by the dishonesty of Elon Musk
I'm biased I'm biased too guy who's made me millions of dollars every day. There's like a new
you know scammy thing that comes out about this company some people on Wall Street love it and
Some people see a dishonest company that's going off the rails
In Tesla, the Bulls see a truly innovative brand
appending the status quo of the auto industry and
Ushering in a sustainable age of travel that frees us from fossil fuels and brings us closer to the ubiquity of AI
at the helm they see a genius and a visionary pushing the boundaries of what we think is possible a
billionaire celebrity CEO for the modern age
Me, I think the whole thing is a gigantic fraud
It's gonna end up hitting the wall and likely taking the market down with it
I spent 35 years working in financial markets in seven countries all around the globe
I've seen every boom bust and bubble since the mid 1980s, but I've never seen anything like Tesla
I'm not alone number one
It has nothing meaningfully proprietary in terms of Technology. Number two, it loses a lot of money
It's lost all this money before
The real competition is coming
Along Spiegel is one of the poster boys of an online community of Tesla skeptics who've been dubbed Tesla Q
Tesla Q are a bunch of guys who found each other on Twitter who all came to be short this stock
Tesla short-sellers bet against stocks furrowing shares and is selling them in order to profit if the price goes down if they're wrong
Shorts has exposed themselves to unlimited losses
So they need to have a high degree of confidence in their thesis when it stark enters bankruptcy
It gets a Q attached to the end of the ticker
And so we've kind of thought that was a a clever way of referring to Tesla because that's where we think
It's headed Tesla Q has grown organically through social media
Attracting experts from all kinds of different fields many of them outside finance
Why are we out doing practical research because we can't get the truth about this company
Lying is like breathing for this company. They've done it for so long
They don't know the difference many Tesla key members prefer to stay anonymous for fear of retribution from Elon Musk and they have good reason
Must because it tech critiques before have searched for
reasonable
quantifiable bullish arguments to support the value of Tesla equity
Exhaustively and I have not found one
And the lack of it over time
only hardens one's views I have never
Shorted a stock in my life in any way except Tesla
It's stock is
stratospherically valued relative to fundamentals
The company is valued at over fifty billion dollars putting it among the top seven auto manufacturers in the world
There's just one problem when you have a celebrity CEO and 50 billion dollars in market cap
A lot of things can happen for free
But
Tesla
Never was really profitable while industry stalwarts record massive profits every single year
The only time Tesla has reported consecutive net income in its 16 years of existence was during the last two quarters of 2018
Tesla loses money and regularly makes headlines for all the wrong reasons
Breaking news on Tesla. It is cutting about 9% of its workforce
Tesla is now facing a criminal investigation over statements made by
Their CEOs Elon Musk even good news for Tesla comes with a caveat the announcement of a much delayed
$35,000 model 3 was supposed to be a milestone
But it came with layoffs and a shift to online sales only a week later the company walked back
It's planned for store closures
Perhaps not realizing leases can't be a reneged upon unless a company is in chapter 11 bankruptcy
For any ordinary company the kind of bad press which is cascaded down on Tesla in recent months would be fatal Tesla
However, is anything but ordinary if that's the one backup the stock would probably go up that day
I
Think Tesla is
Hilariously overpriced you'll find other people who think Tesla is undervalued at $300 a share
Some people think it's worth four thousand bucks
The passion felt mother baiz is counterbalanced by an unswerving faith in Elon Musk from the Bulls. I
have no concerns about Tesla's viability
Tesla is
delighting the consumer
This is a replay of Amazon. I lived through Amazon through its ups and downs years where they weren't earning money and
questions about viability
Meaning the the traditional retailers were gonna kill Amazon
If if you were looking through the lens of disruptive innovation, you knew that wasn't true
You just pushed this button here
My opinion of Tesla is well-documented
But I wanted to give one of the company's most ardent supporters the chance to change my mind or it's pretty cool my kids love
It and that included the autopilot function. So I'll switch it on now. So it's on
Okay, and I'm done but feet come up. I don't you know, I don't need to do anything. I can play on my phone
I can do whatever I want. This could be one of the more challenging
Intersections in LA the 405 and the 10 and and you see people keep cutting me off. Do I look nervous?
Do I look like I'm even need to grab the steering wheel?
No
Because you know the truth of the matter is right now the car seasons nobodies not anything dumb enough
And I need to take this is a car that has a great handling great car
But technology that nobody's even come close to even touch. It's the iPhone of cars
Maybe you want to you know, listen to some music you can switch between music channels
Podcasts, whatever
There's the charging screen. So it shows your battery level, you know, we could debate this all night
But in ten years everybody's gonna have a car that looks like this it might not be made by Tesla
But they'll all be like this
You