Originally Posted by L-Pink

"I decided there was a similar opportunity to short shares of Tesla Motors. I've supported some of their more virtuous pursuits, and the Tesla Model S is a superb product. But I think Tesla will be unprofitable for years to come, and has morphed into a glamor firm — one where people gleefully invest in the promise of a company's mission and personality of its CEO rather than its actual financial performance"


"Unlike last century's best-selling Ford Model T, a car that thrived on simplicity, the high costs and business challenges involved for Tesla's products are only the tip of a financial iceberg that requires billions in subsidies, and tens of billions of future investments, just to stay afloat. This for a company that currently sells fewer than 35,000 vehicles a year.

As much as I love the romance of what Tesla represents, the company's financial weaknesses and competitive threats have only grown stronger — and it will be an unglamorous slog to overcome them"


https://autos.yahoo.com/blogs/motora...211558551.html