TSLA - Shorted some common. Q comes out tomorrow, should be revealing IMO.
They have thousands of vehicles sitting in lots in CA which is going to make their WC worse than normal & cashflow (eg cash burn) will be awful.
I could be wrong but after following Tesla since mid last year it does feel like we're at an inflection point. More and more oddities are popping up regarding Tesla or Elon. Most recently Elon posted on Twitter a photo op where he went on a Model 3 delivery to a customer (who turned out coincidentally to be the son of a guy that's been in the C suite of a number of large companies as the CIO). The trailer the car came in was enclosed. Elon said they're experimenting with delivering vehicles in these enclosed trailers from Fremont instead of wrapping the vehicles for transportation on car carriers. Now who in their bleeping mind thinks it costs Tesla less to transport 2 cars at a time in an enclosed trailer from the manufacturing plant to customers than to apply the protective films and transport up to 9 cars per trailer to the service centers?
There are also a consistent number of new service related issues being brought up on the Tesla message boards about their terrible service (waiting for hours on phone to talk to someone about their car's problems), issues with overbilling or not being billed at all (free car), mechanical issues that pop up shortly after taking possession, and of course the standard problems with paint imperfections, large panel gaps, safety straps not being bolted in, windows popping out of doors, etc etc.
Goldman came out with a report yesterday saying they think Model 3 demand is waning.
Where powers are assumed which have not been delegated, a nullification of the act is the rightful remedy: that every State has a natural right [...] to nullify of their own authority - Thomas Jefferson
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