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"Big Short" trader Danny Moses is still betting against Tesla, says core business is "falling apart"
CNBC Business News ^ | 12 May 2024 | Stephanie Landsman

Posted on 05/12/2024 3:02:30 PM PDT by zeestephen

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Tesla - TSLA - 10 Year Quarterly Chart

When you short a stock, you make money when the price goes DOWN.


1 posted on 05/12/2024 3:02:30 PM PDT by zeestephen
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To: zeestephen

People have soured on EV’s.


2 posted on 05/12/2024 3:04:45 PM PDT by lasereye
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To: lasereye

You mean we lose Elon?


3 posted on 05/12/2024 3:06:30 PM PDT by DIRTYSECRET
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To: lasereye
They never even caught on...They were/are a fad.

I really like the old days...when someone pumped my gas...filled my tires, checked my oil....and my car had a vent window.

4 posted on 05/12/2024 3:07:05 PM PDT by Sacajaweau
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To: lasereye
Re: "People have soured on EVs."

Also, the Chinese Communist Party is doing everything it can think of to incentivize the six major Chinese EV companies to take market share away from Tesla.

5 posted on 05/12/2024 3:18:43 PM PDT by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
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To: lasereye

I wouldn’t say “soured” so much as the market for EV Virtue-Signalers got saturated. They are handy for daily drivers in your suburban market, but not practical for long trips. Our son-in-law bought a used Chevy Volt and likes it. He works for PG&E and gets to charge it at work, so it’s always topped-off. Then he charges it at home on weekends using their solar array on the roof.


6 posted on 05/12/2024 3:26:47 PM PDT by ProtectOurFreedom (“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward Snowden)
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To: zeestephen
Also, the Chinese Communist Party is doing everything it can think of to incentivize the six major Chinese EV companies to take market share away from Tesla.

It helps that Elon stupidly gave all his tech secrets to China.

7 posted on 05/12/2024 3:28:36 PM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: zeestephen

EVs depreciate quickly since the battery, which cannot be economically replaced, is not likely to be efficient or even functional after three or four years. Extremely limited market for used EVs. Range and repair issues remain huge. Even Musk has to obey the laws of physics. The whole concept had inherent problems and contradictions from the onset. Not least of which is that the electrical grid could never accommodate an American fleet that was 30% EVs.


8 posted on 05/12/2024 3:28:47 PM PDT by allendale
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To: Sacajaweau

it’s was a loss leader, he made enough money selling Tesla carbon credits that he could start Space X...


9 posted on 05/12/2024 3:28:47 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: zeestephen

You make money when the stock goes down. But it’s dangerous.

Buying long, worst case is you lose your money.

If you short, you can lose more than your investment. There is no limit to how much a stock can go up.

Personally, I wouldn’t short Musk.


10 posted on 05/12/2024 3:30:35 PM PDT by MV=PY (The Magic Question: Who's paying for it?)
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To: Chode

I definitely think Space X is closer to his heart. The EVs...jumoping on the bandwagon...but I don’t think he really believes man is responsible for climate and that we can’t alter its course either.


11 posted on 05/12/2024 3:34:28 PM PDT by Sacajaweau
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To: Sacajaweau

*


12 posted on 05/12/2024 3:35:40 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: DIRTYSECRET
Re: "You mean we lose Elon?"

I hope not. I really like the guy.

Problem #1 - the EV business is hugely over built. Unless Elon has some magic technology tricks we do not know about, the only way Tesla can compete is to cut prices.

Problem #2 - X (formerly known as Twitter). Musk paid $44 billion for a company that is worth $20 billion - on its very best day.

13 posted on 05/12/2024 3:39:41 PM PDT by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
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To: zeestephen

The Democrat party will do everything they can to demolish Tesla


14 posted on 05/12/2024 3:43:45 PM PDT by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: Eccl 10:2
Re: "Democrat Party vs. Tesla & Musk"

A few days ago, Biden announced huge new tariffs on EV vehicles imported from China.

Biden indicated increases of 25%-100%.

I do not know if he needs Congressional approval.

I read two articles, but none of them mentioned the obvious question - will the new tariffs apply to Tesla?

15 posted on 05/12/2024 4:01:24 PM PDT by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
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To: zeestephen

That would explain all the bad press. He’s probably short Boeing, too.


16 posted on 05/12/2024 4:10:09 PM PDT by xoxox
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To: lasereye

The dirty light secret to Elon’s billions is that he got “credits” for each EV he sold which he then sold said “credits” to others who needs to buy said “credits” to offset their carbon emissions. For years Tesla never turned a profit on actually selling actual electric vehicles. Those were and still are losers. I suspect that the EV part of Elon’s empire is toast in 4-5 years.


17 posted on 05/12/2024 4:20:47 PM PDT by technically right
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To: allendale

“This Ultra-High Mile Tesla Proves That EV Batteries Last Longer Than You Think”
https://www.youtube.com/watch?v=wOFfKQ7SxEg


18 posted on 05/12/2024 4:22:41 PM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: Sacajaweau

You’d like my fleet of ‘57 Chevys. Vent windows are poor man’s A/C.


19 posted on 05/12/2024 4:22:45 PM PDT by Fireone (Who killed Obama's chef?)
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To: Fireone

I had an Impala, Monte and a Malibu...I loved them all. I’m an 80 year old woman...life is fun.


20 posted on 05/12/2024 4:30:20 PM PDT by Sacajaweau
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