How can anyone be long Tesla considering the following facts. Elon is humanitarian and vegan. He has informed me that he never eats chicken, meat, fish, honey, eggs and dairy.
1) According to two articles that I read, Fidelity has sold 42% of its Tesla shares during the first quarter.
2) The fact that Elon didn't address the legitimate questions raised by couple of analysts is alarming. This is a huge red flag. Are you kidding me? Are you guys that ignorant, not to see the reality? As I've previously stated, I have nothing against Tesla or Mr. Musk. I'm looking at it from a business point of view, just like all other investors. Tesla keep indicating that there are people out there that hate Elon. This is also a hype. There is no Elon hater. we're all humans and concerned about our investments. I think we all like him. Again, this is business. On second thought, maybe not everybody, because I think some people have realized that he is sneaky, misleading, manipulative and even fraudulent. He thinks that he can get away with anything. He is not an ethical and smart CEO. It is his own fault. Why did Tesla embark on mass production of Model 3 which the top versions of it are the same as Model S, when Tesla was still losing money on Model X and Model S? That's insanity, dumb and not being thoughtful. I'm telling you guys. Elon is not so smart that the media has portrayed him to be. In fact, I believe the opposite. I think he is inconsiderate and lacks any business and financial common sense.
3) Why did he send a red Roaster to the space? He is wasting shareholders' money at a critical time for Tesla. This shows to me that he isn't a thoughtful person.
4) Why did he purchase Solar City? Perhaps because of conflict of interest. As everyone is aware, there is a class action lawsuit against Tesla for its acquisition of Solar City. And the judge recently ruled that the case should go on. Tesla's attorneys tried to convince the judge that the case is meritless. But the plaintiff side showed enough credible evidence that convinced the judge to continue with the case.
5) No other companies want to work with Tesla. Apple recently invested 2.5 billion dollars with Volkswagen to form a joint venture to work on development and advancement of EV cars. Please keep in mind that Volkswagen isn't even an American company. It is a German company. And, we're talking about Apple here. One of the most admired, successful, innovative and respectful companies around. I personally believe that Apple deserves respect and admiration, specially Mr. Tim Cook, its CEO. He is a caring, honest and considerate man. SoftBank of Japan invested 2.5 billion dollars with GM recently, also for the development and enhancement of electrical cars. When that news was announced, GM stock went up 10%. It closed that day up 10%.
I believe that we humans should be positive, but as I mentioned earlier, with regards to your investments, you guys need to be positive and realistic. Thanks.
AI
