Posted on 05/23/2019 1:36:36 AM PDT by 867V309
Morgan Stanley’s auto analyst Adam Jonas warned on Wednesday that the “bear case” for Tesla is a stock price of $10.
(Excerpt) Read more at americanthinker.com ...
There is rock solid support at 0
“The Securities & Exchange Commission disclosure documents reveal that Elon Musk bought $10 million of stock in the last offering to help fund the company. That means that Musk now owns about 40 million of the 178 million Tesla shares outstanding, or about 23 percent.
To support funding the company and other personal investments over the last decade, Musk personally borrowed about $517 million on margin from Morgan Stanley, Goldman Sachs, and Bank of America by pledging his Tesla share holdings as collateral.”
And, Bernie Ebbers, whom I detest, is still in jail.
But hey, Joseph Nachio, escaped after only 6 years...
And Jeffrey Pearl is living it up, Scott Free...
Tesla is facing obstacles that will eventually kill it.
Over the next 12-18 months, I think Tesla will either file for bankruptcy or be bought out by a company that actually makes a profit.....
Elon Musk is looking more and more like the 21st Century version of John DeLorean....
And, Bernie Ebbers, whom I detest, is still in jail.
But hey, Joseph Nachio, escaped after only 6 years...
And Jeffrey Pearl is living it up, Scott Free...
just curious, who are Bernie Ebbers, Joseph Nachio, Jeffrey Pearl and Scott Free...
‘There is rock solid support at 0’
Don’t be so sure of that...
Musk is the one who bought shares on margin.
So if everything goes all to hell, doesn’t he just move to Mars or something?
Maybe Congress should look at his tax returns! Since Congress is such an expert on funny money financial matters (what budget?) maybe they could suggest a few modifications.
Electric car technology is not ready for prime time. Who knew?
Actually... 0 is almost two much. When they pay me to buy Teslsa stock, that’s when I’d invest.
Did Barack Obama buy that Chevy Volt he promised he was going to get after he left the White House?
Based on a quick scan of the article, it sounds like Musk is the one at risk of bankruptcy, not Tesla.
Musk is the one who bought shares on margin.
...
According to the article, he owns about $7.7 billion in stock and has borrowed $517 million against it. He also owns a lot of SpaceX. And who knows how much he has in cash and other assets.
Only in America could a company lose money for 16 years and not be considered bankrupt.
Well, not only in America. But you get my point.
A great deal of America’s private-sector and governmental sector finances are based on extremely creative accounting.
Goooooooooood!!!
So much hatred and negativity?
Not one admitted short seller in the lot of them?
Must be something in the water.
(F)Elon Musk holding 40,000,000 shares at $195. That’s $7.8 billion in TSLA. Debt stated of $600 million, with net of $7.2 billion. TSLA equity is $4.6 billion, including $3.8 billion in inventory (before recent markdown) and property/plant of $19.3 billion. $7.7 billion in current assets, $9.2 billion in current liabilities. Cash down from $3.7 billion to $2.2 billion latest quarter. So not many quarters away from the no cash position.
Market value of TSLA stock: $34.7 billion, so 7.53x equity. 1.41x revenues looks okay, except for that little lack of profit detail. Book value per share $26.52 - EPS -$5.69 per share - so bankrupt in 3 quarters to 5 years, depending on money raises.
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