While markets fret over Coronavirus and the impending collapse of the global economy, focus on individual stocks has been taking a backseat.
But Tesla remains as fascinating as ever.
While I don’t currently have a short position in the stock, and have no immediate plans to open such a position (Charlie Munger would agree), it’s no secret that my sentiment is firmly with the bears. If you want a catch up, here’s the talk I gave at last year’s UK Investor Show.
I probably will short Tesla again, at some point in the future. But timing really matters, whenever you do anything on the short side.
Most recent earnings call – more broken promises
I understand that promises are hard to keep. In business, things crop up. Most businesses fail, and when you try to do extraordinary things, success can’t be guaranteed. I often find that my own projects are delayed, for one reason or another.
What makes Elon Musk special, however, is the size of the promises he makes, and the consistency with which he fails to keep them.
For example, let’s take the most recent Q4 Earnings Call.
At 1:00:12, Elon Musk is asked when the Tesla Full Self-Driving…
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