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An analyst (admittedly one who appears to be a short seller) is reporting that Tesla model 3 orders are going slower than cancellations of reserved positions.
Tesla is a strange case… It’s a company that has undoubtedly changed the automotive game in a few ways, and that makes a really impressive product (I’ve only driven and ridden in a Model S).
But for some reason, the fact that it has risen on a pillar of taxpayer dollars and a mountain of debt and equity funding, not to mention that Elon Musk is a tool, makes the company easy to root against.
Will be interesting to see if Tesla can get through the 4th quarter this year. I think it will…It’s too popular, but I could easily see a chapter 11 filing that leads to a wipeout on the equity market.
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Sic transit gloria mundi (so shut up and get back to work)
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