Posted on 10/24/2018 2:32:38 PM PDT by Moonman62
Elon Musk is grinning ear to ear today.
Tesla shares jumped nearly 12.72 percent as a former short-seller of the stock cried uncle and admitted that Tesla was "destroying the competition." The stock registered the biggest gain by far on the Entrepreneur Index™. After a volatile day, the index closed down 0.26 percent.
Citron Research, party to a securities class action lawsuit against Tesla over Mr. Musk's tweets earlier this year about going private, published a note this morning saying that Tesla's Model three was causing "a legitimate disruption of the auto industry." Tesla announced yesterday that it would report earnings on Wednesday -- earlier than expected. If, as Musk has promised, the company shows a quarterly profit for the first time and hits revenue targets, the remaining shorts on the stock may really feel the squeeze.
Tesla's big day came in the face of a market that whipsawed from another big sell-off in the morning to an encouraging rally as the day progressed. The yield on the 10-year Treasury bond dropped 8 points in the morning as investors moved cash to safety, then rose five in the afternoon as they returned to the stock market.
(Excerpt) Read more at stamfordadvocate.com ...
http://www.freerepublic.com/focus/news/3699548/posts
This news is from yesterday. For today’s earnings news look here:
http://www.freerepublic.com/focus/news/3699548/posts
Someone still banging the electric car drums?
This sounds like an attack on the shorts.
An electric car isn’t yet feasible, because it requires being plugged in on a daily basis to ensure you can get somewhere the next day.
Without new batteries, it’s never going to move beyond a niche vehicle.
The source of the story is a short seller.
Someone still banging the electric car drums?
...
Yes, a former short seller of Tesla.
Citron reverses opinion on Tesla. The story has become too compelling to ignore.
As much as you can’t believe you are reading this, we can’t believe we are writing this!
The most challenging part of being a short seller is to constantly check your thesis to make sure nothing has changed. You must let all predispositions and prejudices disappear and stay focused on only the facts.
It is in that spirit and with a great deal of analysis and due diligence that we can say for the first time, Citron is long Tesla as the Model 3 is a proven hit and many of the TSLA warning signs have proven not to be significant.
It has been almost 5 years since Citron published the following line:
“By the time this product is even approaching market, there will be multiple other 200-mile range plug-ins that have been out for years.”
Rumors of the Tesla killers have been as constant and unfounded as Bob Lutz’s call for Tesla’s bankruptcy.
While the media has been focused on Elon Musk’s eccentric, outlandish and at times offensive behavior, it has failed to notice the legitimate disruption of the auto industry that is currently being DOMINATED by Tesla.
What has changed??
https://citronresearch.com/citron-reverses-opinion-on-tesla/
“Someone still banging the electric car drums?”
Tesla cars are not a joke. I may buy one the next time I purchase. The cost of ownership is far lower than a typical car. Electricity is half the price of gas and there’s almost no maintenance required see you can skip the engine and transmission maintenance.
If Tesla built an all-wheel drive rugged SUV it would fly out the door because having an computer-controlled electric engine at every wheel is a far more elegant solution than a transmission and dual drivetrains.
Yes, “Totally Insane” Bump
Ya, they will gobble them up with AWD and what, a 50 mile range with the heat on in -20 weather?
No coal powered cars for me thanks.
but it should be a choice, IDC that they sell them, I do care that tax credits are given to buy them.
I just watched a news report that said Tesla is one of the crappiest cars on the planet for reliability satisfaction.
Tesla Model X, starts at $80+k.
Jaguar I-Pace, starts at $70+k.
If they are doing so well let’s take away the tax incentives.
https://www.hotcars.com/15-reasons-why-you-should-never-buy-a-tesla/
Yeah...buy one...And tell us how great it is.
“I just watched a news report that said Tesla is one of the crappiest cars on the planet for reliability satisfaction”
Only Caddie and Volvo had worst quality ratings then Tesla. No. 27 out of 29 per Consumer Reports.
“Ya, they will gobble them up with AWD and what, a 50 mile range with the heat on in -20 weather?”
Most Tesla owners report hardly any impact FROM heat on the 180 mile range and about a 15 to 20% reduction in range in cold weather resulting in a range that is still above 140 miles on a charge. Not many people go on a 140 mile off road excursion and if they do they probably need satellite phones, water filtration systems, and semi automatic rifles to kit out their tradition SUV.
bookmark
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.