Hey Bill Ackman, why not short Tesla?


Elon Musk is not a fan of Donald Trump, yet he pulled a classic bait and switch this past week. I for one have lost track of how much money he’s lost and the number of promises he’s broken. I can’t explain why someone would voluntarily pay a deposit for a car that has no set delivery date. I guess these are the same people who pay $1300 for a piece of glass that is used more for games than as a phone. I digress. So instead of concentrating on maximizing production to fill orders for existing customers, Elon diverts attention from all his failings and problems by throwing up another shiny ball. Actually is was two balls this time. An Electric Semi and a Roadster that are both cost prohibitive and unnecessary.

Elon is a smart guy but is not focused nor a business person. He is more suited as the head of R&D than the head of a large corporation. This is more ammunition for those with the capital and will to pull off a sure bet. Shorting Tesla is  a no-brainer. The only catch is having the resources to do it.

What do you say Bill?

 

 

Published by

rickbarbosa

Our Senior Partner Rick Barbosa is a Professional Accountant and Personal Financial Advisor with over 20 years experience dealing with Large Fortune 500 Organizations and Small to Medium sized Family owned Businesses. If you're looking for help with your finances, taxes, investing or starting and managing a business you've come to the right person.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s