Any company offering investors the chance to get in early on the disruptor/innovator of a lifetime is hard to ignore, especially considering bullish market sentiment the likes of which investors haven’t seen since the height of the tech bubble.
Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk made his fortune in the tech bubble, and as many of the greats of this technology bubble era, have continued to over-hype and underperform in nearly every venture the CEO has started. Valuations remain high at this point in time for companies like Tesla only because sentiment remains ridiculous; looking at Tesla’s share price following the most recent recession is a sobering look into how the psyche of investors has completely changed to favor CEOs promising the sun, moon and stars to investors alongside Twitter-battle entertainment and lackluster results.
Technology investors need to start using their most prominent head when making investment decisions, looking at numbers rather than worshiping false idols such as Elon Musk. In so doing, the true fraud which is Tesla will be exposed to the world, with another debt or equity raise on the horizon (despite consistent claims such a raise will NEVER take place by Musk), along with a potential recall relating to the lack of quality of vehicles being pushed out the door with alarmingly low levels of scrutiny (many cars produced in a production tent which has been dubbed an additional "production line", and stored in dirt fields next to agricultural areas which are prone to rodents), as well as the widespread expiration of Obama-era incentives and rebates for consumers who have placed their faith and hard-earned cash on Tesla deposits which may or may not materialize anytime soon, or at all.
Steve Eisman (the famous guy in the critically acclaimed movie The Big Short) has announced a significant short position in Tesla. Don’t take it from me – listen to the smart money out there.
Invest wisely, my friends.
