The product is slick but they lose money with each one sold - they depend on government handouts subsidies to survive. From Soverign Man:
More hilarious facts about Tesla from a hedge fund manager who’s short the stock
A few weeks ago, we shared a note about Tesla from the hedge fund Vilas Capital Management. The firm, which is short the shares, said “Tesla is going to crash in the next 3-6 months.”
I received an update from Vilas this morning explaining why they’re even more bearish on Tesla today. The firm pared its short positions after the recent selloff. And Telsa now comprises about 98% of their short book.
Clearly Vilas thinks Tesla’s reckoning is imminent.
Spiffy product - they definitely catch the eye when you see one but still, our taxpayer dollars at work. Time for the market to level things out a bit.
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